It was recently reported that a group including Hall of Famer Kevin Garnett is bidding for the purchase of the Minnesota Timberwolves franchise. A new report has just emerged providing more details on this potential sale.

Charley Walters of the Pioneer Press reports that Garnett intends to put in a significant investment in the potential purchase, and that he would be playing a significant role in the front office should their bid be the winning one:

Word within basketball circles is that Kevin Garnett’s group that wants to buy the Timberwolves from Glen Taylor includes two billionaires from California and another from Florida. Garnett’s investment is said to be $200 million, and he would head the basketball operation with authority to name the GM and coach. Asking price is expected to be about $1.2 billion, which also includes the Lynx.

Garnett is currently estimated to have a net worth of $120 million, so it appears that he might be stretching himself a bit thin from a financial perspective with his investment in this potential purchase. Then again, the opportunity to buy an NBA team does not come everyday, and with the Timberwolves on the market, it appears to be now or never for Garnett.

It is also worth noting that Garnett was part of a group that previously attempted to bring a franchise back to the city of Seattle. While that did not exactly pan out for them, it seems that Garnett has now gotten as close as ever to officially being an NBA team owner.