UPDATE: KFAN's Dan Barreiro reports that no deal has yet been offered to Saunders, and there are still discussions over partial team ownership:
Gophers officials insist Flip Saunders has not been offered the Wolves job.— Dan Barreiro (@DanBarreiroKFAN) April 26, 2013
My info: No done deal or offer yet from Wolves to Flip. Key issue yet to be resolved: His desire to get even small piece of ownership.— Dan Barreiro (@DanBarreiroKFAN) April 26, 2013
Saunders is still scheduled to appear on Bumper to Bumper at 3:35pm today.
NBA.com's Steve Aschburner reports that the Wolves have fired general manager David Kahn, and former team coach Flip Saunders will return in Kahn's role.
Former NBA head coach Flip Saunders is expected to return to the Minnesota Timberwolves as the team’s next president of basketball operations, NBA.com has learned.
Saunders, 58, has been negotiating a contract that, with option years, could run through the 2017-18 season and could be worth more than $9 million over the full five years, according to league sources who requested anonymity because they weren’t authorized to discuss the hiring.
The move, which could become official as soon as next week, would end David Kahn‘s controversial tenure after four seasons and an 89-223 record during which the Timberwolves’ failure to reach the playoffs stretched to nine consecutive seasons. Kahn’s contract includes a team option for 2013-14 that will not be exercised.
Minnesota owner Glen Taylor and Saunders had been meeting in recent weeks, with Taylor confirming a report in March that Saunders was representing a group of prospective buyers interested in purchasing the franchise. Taylor, who turned 72 last week, has been seeking a minority investor or investors who eventually could take over majority control of the club.
Saunders, contacted Thursday evening in Bristol, Conn., where he was working as an NBA studio analyst for ESPN, neither confirmed nor denied his return to the Wolves.
Read more at NBA.com.