Not only does Minnesota Timberwolves majority owner Glen Taylor plan on signing swingman Andrew Wiggins to a five-year, maximum contract extension, he also has no desire to sell the team anytime soon.

"We have a couple of my limited [owners] that have indicated that they’re going to sell, and we have another limited [owner] that is going to buy them," Taylor told the Star Tribune. "I won’t be selling any of my stock. Whatever I have, I’m keeping."

The price of buying an NBA team has dramatically increased in recent years, and some have projected the Timberwolves to be worth around $1 billion. Taylor bought the team in 1994 for around $88.5 million.

"We're running through terrific times not only for the owners and the players, because of the interest, but just the value that has been put on the franchises that have been sold," Taylor said.

Wiggins, meanwhile, has been mentioned in the rumor mill for a few weeks because Kyrie Irving reportedly has Minnesota as one of his preferred destinations, should the Cleveland Cavaliers honor Irving's trade request. If the Wolves were to sign Wiggins to an extension that could be worth around $148 million, the three-year NBA veteran would likely be off the trade market.

-- Nick Silva