Minnesota Timberwolves failed relocation to New Orleans

almost movingalmost sold and movednearly sold the team to New Orleans interestspurchased the team and moved it to New Orleans
In 1994, several groups were involved in an attempt to relocate the Minnesota Timberwolves of the National Basketball Association (NBA) from Minneapolis, Minnesota to New Orleans, Louisiana.wikipedia
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Relocation of professional sports teams

relocatedmovedmove
In 1994, several groups were involved in an attempt to relocate the Minnesota Timberwolves of the National Basketball Association (NBA) from Minneapolis, Minnesota to New Orleans, Louisiana.

Minnesota Timberwolves

MinnesotaTimberwolvesWolves
In 1994, several groups were involved in an attempt to relocate the Minnesota Timberwolves of the National Basketball Association (NBA) from Minneapolis, Minnesota to New Orleans, Louisiana.
As winning basketball continued to elude the Wolves, Ratner and Wolfenson nearly sold the team to New Orleans interests in 1994 before NBA owners rejected the proposed move.

Utah Jazz

UtahNew Orleans JazzJazz
On May 10, 2002, the NBA voted in favor of the relocation of the Hornets to New Orleans marking the return of the NBA to the city since the relocation of the New Orleans Jazz to Salt Lake City in 1979.
Wolfenson and Ratner later became the founders of the Minnesota Timberwolves expansion franchise which, coincidentally, was almost sold and moved to New Orleans in 1994.

National Basketball Association

NBANBA.comBasketball Association of America
In 1994, several groups were involved in an attempt to relocate the Minnesota Timberwolves of the National Basketball Association (NBA) from Minneapolis, Minnesota to New Orleans, Louisiana.

Minneapolis

Minneapolis, MinnesotaMinneapolis, MNCity of Minneapolis
In 1994, several groups were involved in an attempt to relocate the Minnesota Timberwolves of the National Basketball Association (NBA) from Minneapolis, Minnesota to New Orleans, Louisiana.

New Orleans

New Orleans, LouisianaNew Orleans, LAOrleans Parish
In 1994, several groups were involved in an attempt to relocate the Minnesota Timberwolves of the National Basketball Association (NBA) from Minneapolis, Minnesota to New Orleans, Louisiana. Although mediation talks were just beginning to keep the team in place, by the following week it was revealed that ownership had met with representatives from San Diego, Nashville and New Orleans to discuss the potential relocation of the franchise.

National Hockey League

NHLhockeyNational Hockey League (NHL)
The proposed relocation would have been the second involving a Minneapolis-based franchise in the span of two years, as Minneapolis had lost its National Hockey League (NHL) franchise to Dallas in 1993.

Minnesota North Stars

MinnesotaMNSNorth Stars
The proposed relocation would have been the second involving a Minneapolis-based franchise in the span of two years, as Minneapolis had lost its National Hockey League (NHL) franchise to Dallas in 1993.

Dallas Stars

DallasDALStars
The proposed relocation would have been the second involving a Minneapolis-based franchise in the span of two years, as Minneapolis had lost its National Hockey League (NHL) franchise to Dallas in 1993.

Target Center

Minneapolisin MinneapolisMinneapolis, Minnesota
Timberwolves owners Marv Wolfenson and Harvey Ratner were considering selling the team due to problems with the mortgage on the Target Center, the team's arena that had been built only four years earlier as part of Minneapolis' 1989 entry into the NBA. On February 11, 1994, NBA commissioner David Stern announced that he and his representatives would serve as mediators in an effort to resolve issues related to the debt owed on the Target Center, the Timberwolves home arena.

Glen Taylor

Taylor, GlenTaylor Corp.
The events of the attempted relocation resulted in Glen Taylor, businessman and former Minnesota State Senator, purchasing the team and keeping it in Minneapolis.

Minnesota Senate

SenateMinnesota State SenateMinnesota State Senator
The events of the attempted relocation resulted in Glen Taylor, businessman and former Minnesota State Senator, purchasing the team and keeping it in Minneapolis.

Vancouver Grizzlies

VancouverGrizzliesVancouver (basketball, moved)
After their failed courting of the Timberwolves, New Orleans made attempts to lure the Vancouver Grizzlies and Charlotte Hornets to the city in the 2000s.

Charlotte Hornets

Charlotte BobcatsCharlotteBobcats
After their failed courting of the Timberwolves, New Orleans made attempts to lure the Vancouver Grizzlies and Charlotte Hornets to the city in the 2000s.

Memphis, Tennessee

MemphisMemphis, TNMemphis Tennessee
The city found success when the Hornets elected to move to Louisiana in 2002, after considering both New Orleans and Memphis (where the Grizzlies eventually moved).

Vancouver Grizzlies relocation to Memphis

movedrelocatedwon by the Grizzlies
The city found success when the Hornets elected to move to Louisiana in 2002, after considering both New Orleans and Memphis (where the Grizzlies eventually moved).

New Orleans Pelicans

New Orleans HornetsNew OrleansHornets
When the New Orleans Hornets renamed themselves the New Orleans Pelicans in 2013, the city of Charlotte reclaimed the Hornets name in 2014 by renaming the Charlotte Bobcats into the Hornets again.

1994 NBA All-Star Game

1994All-Star Game1994 All-Star
By the 1994 NBA All-Star Game, speculation as to whether or not the Timberwolves would remain in Minneapolis following the 1994–95 season became an issue.

1994–95 NBA season

1994–951994–95 season1995
By the 1994 NBA All-Star Game, speculation as to whether or not the Timberwolves would remain in Minneapolis following the 1994–95 season became an issue.

David Stern

David J. SternDavid J. Stern WalkDavid Joel Stern
On February 11, 1994, NBA commissioner David Stern announced that he and his representatives would serve as mediators in an effort to resolve issues related to the debt owed on the Target Center, the Timberwolves home arena.

San Diego

San Diego, CaliforniaSan Diego, CACity of San Diego
Although mediation talks were just beginning to keep the team in place, by the following week it was revealed that ownership had met with representatives from San Diego, Nashville and New Orleans to discuss the potential relocation of the franchise.

Nashville, Tennessee

NashvilleNashville, TNMusic City
Although mediation talks were just beginning to keep the team in place, by the following week it was revealed that ownership had met with representatives from San Diego, Nashville and New Orleans to discuss the potential relocation of the franchise.

Bailout

bail outbailed outbail-in
Although a potential local ownership group was identified in late February, local opposition to a perceived bailout of multi-millionaire ownership began to take hold.

Ryman Hospitality Properties

Gaylord Entertainment CompanyGaylord BroadcastingGaylord Entertainment
The Nashville offer became the preferred option as it included $80 million for the franchise from Gaylord Entertainment and an additional $20 million to be paid to the city of Minneapolis to pay down debt at the Target Center.