Florida Panthers executive Matthew Caldwell accepted a 10-year deal to serve as the CEO of the NBA’s Minnesota Timberwolves and WNBA’s Minnesota Lynx, the teams announced Wednesday.

Caldwell, who will relinquish his role as the president of business operations with the NHL’s Panthers, will begin overseeing “day-to-day business operations and high-level strategic initiatives for the Timberwolves, Lynx and Iowa Wolves” (of the G League). He will assume those responsibilities on Sept. 2 from interim-CEO Kelly Laferriere, who has led the organization during its ownership transition period.

Caldwell joined the Panthers as chief operating officer in 2014 before being promoted to CEO in 2016. Now, he will serve under new Timberwolves and Lynx owners Marc Lore and Alex Rodriguez.

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