Flip Saunders New Wolves Prez, Part-Owner

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Flip Saunders New Wolves Prez, Part-Owner
Jonathan Daniel/Getty Images

Flip Saunders confirmed to ESPN on Thursday night that he's signed a long-term deal to become the Minnesota Timberwolves' president of basketball operations and will hold a minority ownership stake in the team. In conjunction with the move, longtime owner Glen Taylor is expected to take the team off the market, sources said. He had been looking for a buyer that would keep it in Minneapolis.

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