When Glen Taylor — who also owns the Star Tribune — purchased the Timberwolves in 1994, the reported purchase price was $90 million.
More than two decades later, a lot has changed across the professional sports landscape, including the NBA. Salaries have skyrocketed, but so have television deals. The latter has had a huge influence on franchise values — and Forbes’ listing of those NBA values recently is a good reflection of that.
The Timberwolves, per Forbes, are now worth $770 million — an astounding figure, particularly when measured against the purchase price of 23 years ago.