Matthew Caldwell will step down as business operations president of the Florida Panthers to become CEO of the Minnesota Timberwolves and Minnesota Lynx under a 10-year deal starting Sept. 2. He will oversee day-to-day business operations and high-level strategic initiatives for the Timberwolves, Lynx, and the G League's Iowa Wolves. Owners Marc Lore and Alex Rodriguez made the hire after assuming full control of the franchises. Caldwell joined the Panthers in 2014, became CEO in 2016, worked at Goldman Sachs, served in the Army, holds degrees from West Point and Northwestern, and helped secure a five-year arena operating agreement with Broward County.
"day-to-day business operations and high-level strategic initiatives for the Timberwolves, Lynx, and (the G League's) Iowa Wolves"
"I love the NHL. I've enjoyed hockey and I'm a big fan of it," Caldwell said. "But the NBA is just a much bigger, global platform. I really believe in Marc and Alex and their vision and what they're trying to do. They're trying to make Minnesota best in class."
"Our vision is for the Timberwolves and Lynx to set a new standard of excellence in pro sports and we're confident that Matthew is the leader needed to make that a reality," Lore and Rodriguez said in a joint statement. "Leading our organization into an innovative new era requires an exceptional individual at the helm and Matthew's proven track record leading the business of the Florida Panthers is undeniable. We can't wait to see the remarkable impact his bold leadership will have on this organization."
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