Kevin Garnett will by the end of this season have made $327 million in his NBA career. That doesn't include endorsements. So he doesn't want to be a coach or GM. He has bigger plans, says Marc J. Spears who talked to him this week.
"I want to buy the Timberwolves," KG told Spears Thursday night. "Put a group together and perhaps some day try to buy the team. That's what I want."
The Timberwolves, where Garnett played for 12 years, were valued at $430 million in January, according to Forbes Magazine. Glen Taylor, the Minnesota owner, has said he's willing to take on a minority partner with an option to buy him out.
The next NBA television contract will be extremely lucrative and is expected to raise the price of the franchise. Moreover, the latest purchases of NBA teams, the Bucks for $550 million and the Clippers for $2 billion, have raised the price tag for the rest of the NBA's teams. Mikhail Prokhorov thinks the Nets are worth $1.7 billion, sources have told NetsDaily, and some expect the sale of the Hawks to fetch an amount based on a valuation of close to $1 billion.
"He would be one of the best owners in the NBA because he understands what the players need and he understands what it takes to be successful in the NBA," Billy King told Yahoo Sports.
But the question is when. Garnett is averaging eight and eight this season and he enjoys mentoring younger players. "If you have an opportunity to do what you love, then do it," Garnett said. "I never want to cut any opportunity short or shut the door on another opportunity."
One thing Garnett to declined comment on: whether he would like to finish his career with the Timberwolves or Doc Rivers' Clippers.
- Big dreams: Kevin Garnett interested in buying Timberwolves - Marc J. Spears - Yahoo! Sports
- Kevin Garnett of Brooklyn Nets envisions someday owning Minnesota Timberwolves - Mike Mazzeo - ESPN New York
Kevin Garnett wants to buy the Minnesota Timberwolves - Devin Kharpertian - The Brooklyn Game