Entertainment Sports Alex Rodriguez and Entrepreneur Marc Lore Reach Agreement to Buy NBA's Timberwolves: Report The former MLB player and tech entrepreneur Marc Lore have agreed to a $1.5 billion purchase of the NBA's Minnesota Timberwolves from owner Glen Taylor By Jason Hahn Jason Hahn Jason Hahn is a former Human Interest and Sports Reporter for PEOPLE. He started at PEOPLE's Los Angeles Bureau as a writer and reporter in 2017 and interviewed the likes of Kobe Bryant, Arnold Schwarzenegger and Tom Brady. He has a B.A. in English from the University of California, Berkeley, and a Master's degree in Journalism from Columbia University. He previously worked for Complex Magazine in New York City. People Editorial Guidelines Published on May 13, 2021 04:03 PM Share Tweet Pin Email Alex Rodriguez. Photo: Frank Micelotta/Fox Sports/Picturegroup/Shutterstock Alex Rodriguez is keeping busy following his split from Jennifer Lopez. The former MLB player and tech entrepreneur Marc Lore have reportedly agreed to a $1.5 billion purchase of the NBA's Minnesota Timberwolves from owner Glen Taylor, Shams Charania of The Athletic reported on Thursday. According to Sports Illustrated, Rodriguez and Lore are expected to be 50/50 partners in the deal. Lore is a former e-commerce chief with Walmart, while Rodriguez was a longtime star member of the New York Yankees. The group will become owners of both the Timberwolves and the WNBA's Minnesota Lynx during the 2023-2024 season, the outlet said. Representatives for the Timberwolves did not immediately respond to PEOPLE's request for comment. Jennifer Lopez 'Didn't See' Ben Affleck 'Until It Was Over' with Alex Rodriguez: Source David Sherman/NBAE via Getty This isn't the first time Rodriguez had tried to become an owner of a sports team. Last year, Rodriguez attempted to buy the New York Mets, but was eventually beat out by billionaire hedge fund manager Steve Cohen, according to NJ.com. In an interview, Rodriguez said he imagined the Mets as being an "entertainment sports media platform" with "baseball [being] a small part of it." Alex Rodriguez Says 'Go Yankees' After News of Jennifer Lopez Spending Time with Red Sox Fan Ben Affleck "We then thought that we can energize and turbo-charge the network by changing and mixing up programming a little bit, and by even getting better and higher talent," he told Sportico. "So baseball was a small part of it, it wasn't everything." RELATED VIDEO: Jennifer Lopez and Alex Rodriguez Officially Call Off Engagement: 'We Are Better as Friends' "We felt we could buy this for $2.35 billion and over time make this a $10 or 15 billion holding company, much like the Fenway Group has done over in Boston," he added. The interview may shed some light on what Rodriguez has planned for the Timberwolves.