New Timberwolves and Lynx controlling owners Marc Lore and Alex Rodriguez made their first major hire Wednesday as they reshape business operations, tabbing Matthew Caldwell to serve as the organization’s CEO.

Caldwell comes from the Florida Panthers, where he spent nine years as the NHL franchise’s CEO and president. The Panthers won the last two Stanley Cups.

Caldwell was given a 10-year contract in Minnesota, a massive, long-term commitment for a major decision-maker.

“I’m honored and humbled to join the Timberwolves and Lynx organization at such a pivotal moment in its history,” Caldwell said in a statement. “I am inspired by Marc and Alex’s vision and passion for Minnesota basketball and their commitment to excellence. I look forward to making my mark across the organization, and t

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