FORT LAUDERDALE, Fla. – Matthew Caldwell, who previously served as the President of Business Operations for the two-time defending Stanley Cup champion Florida Panthers, is embarking on a new professional journey. He has accepted a 10-year agreement to become the CEO of the NBA`s Minnesota Timberwolves and the WNBA`s Minnesota Lynx.
The Minnesota franchises confirmed Caldwell`s appointment on Wednesday, with his tenure officially commencing on September 2. In his new role, Caldwell will oversee the day-to-day business operations and guide high-level strategic initiatives for both the Timberwolves and Lynx, as well as their G League affiliate, the Iowa Wolves.
This significant leadership change represents a pivotal strategic move by the new Timberwolves and Lynx owners, Marc Lore and Alex Rodriguez, who fully acquired the franchises earlier this summer.
“I love the NHL. I`ve enjoyed hockey and I`m a big fan of it,” Caldwell stated. He then elaborated on his motivation, adding, “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.”
Caldwell`s distinguished career with the Panthers began in 2014 when he joined as Chief Operating Officer, subsequently earning a promotion to CEO in 2016.
In a joint statement, Lore and Rodriguez expressed their high expectations: “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.” They further lauded Caldwell`s impressive background, noting, “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.”
Caldwell`s impressive professional background includes service in the Army, a degree from West Point, and both MBA and law degrees from Northwestern University, followed by a career start on Wall Street with Goldman Sachs. He was instrumental in the Panthers` recent resurgence, particularly in their off-ice business operations and financial health.
Under his leadership, the Panthers achieved several key milestones, including extending their operating agreement with Broward County for five additional years, thereby securing the team`s presence in South Florida until at least 2033. His tenure also saw the team prepare to host its first-ever outdoor game at the Miami Marlins` stadium, develop a substantial season ticket waiting list, and inaugurate a new state-of-the-art practice facility at Fort Lauderdale`s War Memorial two years prior.
Caldwell described his departure from the Panthers as bittersweet, a sentiment unequivocally echoed by Panthers owner Vincent Viola.
Viola remarked, “There are very few opportunities I would advise him to pursue, but working with Alex Rodriguez and Marc Lore on a global platform like the NBA is at the top of that list.” He acknowledged the mixed emotions involved, stating, “It’s tremendously bittersweet for our family, but we recognize this is an exceptional opportunity and great next step in his career. Matt’s impact on our organization has been immeasurable and he leaves with our respect and gratitude.”
