Glen Taylor, Marc Lore and Alex Rodriguez have agreed to resolve their dispute over ownership of the Minnesota Timberwolves, with Lore and Rodriguez set to take full ownership of the team.

The arbitration ruling stated that Rodriguez and Lore, who agreed to buy the team for $1.5 billion in 2021, did not violate terms of the purchase agreement, which Taylor alleged. The Timberwolves/Lynx have been valued at just above $3 billion by Forbes and Sportico.