Alex Rodriguez is quickly learning what NOT to do as an NBA owner — the Yankees legend’s Minnesota Timberwolves were just punished over a team gathering he hosted during the offseason.
On Monday, the T-Wolves were fined $250,000 for holding a team event in Miami in September, according to ESPN’s Adrian Wojnarowski.
According to a report from Page Six, A-Rod got together with his business partner Marc Lore and invited the team down for a weeklong gathering … featuring practices and a little fun in the sun.
The report goes on to say that every player attended A-Rod’s event … and the team bonding went so well, Alex and Marc were thinking about making the Miami trip an annual thing.
The only problem — the whole bash was NOT allowed … ’cause under current NBA rules, teams are not allowed to organize or pay for offseason practice … and they’re also not allowed to conduct workout sessions outside of their market.
Sounds like A-Rod and co. will have to come up with some other team-building idea … but we’re sure the guy will figure it out soon enough.
Rodriguez became a part-owner of the T-Wolves back in July … and the team is estimated to be valued at $1.4 billion. So, losing a quarter milli isn’t too brutal of a blow, but it’s safe to say Miami trip 2K22 ain’t happening.
