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Alex Rodriguez may buy the Wolves, but he has no connections to Minnesota. Manny Hernandez/Getty Images

News that Glen Taylor could sell the Wolves and Lynx to Alex Rodriguez and billionaire Marc Lore (who created Jet.com) has fans worried the teams could end up in Seattle or Las Vegas.

That won't be the case, Taylor told the Star Tribune. "They will keep the team here, yes. ... when we make up the contract we'll put that in there."

Yes, but: A legal expert told the paper last year that such a stipulation would be tricky to enforce.

  • The Wolves' lease at Target Center runs until 2035, but the cost to break it is a paltry $50 million.

Context: The A-Rod-Lore negotiations peg the value of the franchise at $1.5 billion, as reported by The Athletic.

  • Taylor, already the second richest person in Minnesota, stands to get even richer. He bought the team in 1994 for $88 million.

Go deeper: For more in-depth Minnesota Timberwolves coverage and breaking news, subscribe to our partners at The Athletic.

This coverage is part of Axios Twin Cities, a newsletter designed to help readers get smarter, faster on the most consequential news unfolding in their own backyard.

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Go deeper

Updated 2 mins ago - Politics & Policy

Prosecutor to seek hate crime charges, death penalty in Atlanta shootings

In Hopkinton, Mass., the Rally & Run To Stop Asian Hate is held to show solidarity in the wake of deadly Atlanta shootings and to mourn the loss of eight lives including six Asian women. Photo: Jonathan Wiggs/The Boston Globe via Getty Images

Prosecutors unveiled murder charges against the white man accused of shooting and killing eight people, six of whom were Asian women, at Atlanta-area spas, AP reports.

Driving the news: A prosecutor filed notice that she plans to seek hate crime charges and the death penalty in the case. Two separate grand juries have now indicted the suspect on murder charges.

America's pandemic coin crunch returns

Illustration: Sarah Grillo/Axios

An early pandemic problem that plagued businesses is back: not enough change to go around.

Why it matters: The pandemic broke America's coin flow. It has repercussions for millions that rely on it for daily transactions.