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1h ago

Timberwolves Hire Panthers Executive Matthew Caldwell as CEO on 10-Year Deal

The move marks the first major appointment by new owners Marc Lore, Alex Rodriguez.

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Apr 23, 2023; Minneapolis, Minnesota, USA; Minnesota Timberwolves center Rudy Gobert (27) and owner Alex Rodriguez celebrate after the win of game four of the 2023 NBA Playoffs against the Denver Nuggets at Target Center. Mandatory Credit: Matt Krohn-Imagn Images
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Overview

  • Caldwell will begin on Sept. 2 as chief executive for the Timberwolves, Lynx and G League Iowa Wolves.
  • His mandate covers day-to-day business operations and high-level strategic initiatives across the organizations.
  • The veteran executive departs the Florida Panthers after serving as COO starting in 2014 and CEO since 2016.
  • Kelly Laferriere transitions from interim CEO to senior advisor to ownership, while Tim Connelly continues to lead basketball operations.
  • Panthers owner Vincent Viola described Caldwell’s exit as bittersweet and praised the opportunity with the new Minnesota ownership.