Alex Rodriguez and Marc Lore in negotiations to buy the Minnesota Timberwolves for $1.5 billion

[StreetHawk]

Probably because the value of teams has gone through the roof since they made this deal.

Yeah. I mean when they sold for $1.5 bill it was based off the Houston deal at $2.2 bill which given the differences in the size of the 2 markets made sense. Then charlotte goes for $3 bill, Milwaukee goes for $3.5 bill and phx goes for $4 bill within 3 years.