On Wednesday afternoon, ESPN 1500 reported that Minnesota Timberwolves owner Glen Taylor has announced president of basketball operations David Kahn is out.

With Kahn out, Taylor announced that Flip Saunders is in as president of basketball operations. The announcement hasn't been made official, but Taylor will likely hire Saunders, who coached the Timberwolves from 1995-2005.

Kahn had an option for next season, but Taylor declined not to pick up the option.

Kahn brought in Ricky Rubio and head coach Rick Adelman to Minnesota, but while president of basketball operations, the Timberwolves were 89-223, and missed the playoffs in every year.