Alex Rodriguez finalizing deal to buy Minnesota Timberwolves

Alex Rodriguez and e-commerce billionaire Marc Lore have signed a letter of intent to purchase the NBA's Timberwolves and WNBA's Lynx from majority owner Glen Taylor. Details: The price is expected to be in the $1.5 billion range, per ESPN. Taylor will maintain full control of both teams for two more years, before Rodriguez and Lore take over in 2023.