A process that began with a $1.5 billion agreement in 2021, finally moves on and now requires only NBA owners’ approval.

Glen Taylor has agreed to transfer complete ownership of the Minnesota Timberwolves and Lynx to the group led by Marc Lore and Alex Rodriguez, multiple outlets reported Wednesday. Taylor agreed to part ways with the NBA and WNBA teams for $1.

After a dispute that lasted more than a year, ownership of the NBA's Minnesota Timberwolves and WNBA's Lynx has now been settled. Glen Taylor has agreed to transfer complete ownership of the teams to the group led by Marc Lore and former MLB star Alex Rodriguez,