Kevin Garnett, who nearly eight months ago expressed his interest in purchasing the Minnesota Timberwolves, will not be involved in the team's ownership acquisition moving forward.
In Garnett's Instagram story on Thursday, he wrote that he "got the news that the process in trying to acquire the Timberwolves was over" for him and his group.
The 15-time NBA All-Star did not provide specific details as to why his group was no longer a part of the bidding process to purchase the Timberwolves. Chris Hine of the Star Tribune said that a potential buyer has not yet emerged to take control of the franchise from Glen Taylor.