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Twins Sign Letter of Intent to Sell

The Minnesota Twins today signed a letter of intent for the sale of the team to North Carolina businessman Donald C. Beaver. That's according to a press release that came from the team's media relations department Friday afternoon.

The terms and conditions of the letter were disclosed today to representatives of the Minnesota Legislature and Gov. Arne Carlson, the Twins said.

More details were announced this evening at a press conference held at the state capitol by two DFL legislators, Rep. Loren Jennings and Keith Langseth, co-chairs of the Legislative Stadium Commission.

At that meeting, it was announced that if the legislature does not act at the special session scheduled for the end of this month to build a publicly financed stadium, the Twins will give notice to the state of a deadline.

That deadline is Nov. 30, meaning the legislature will have a window of 30 days from Nov. 1 to devise a plan for a new stadium. On that date, if a stadium solution does not exist, the terms of today's deal would become legal and binding -- meaning the team would become the North Carolina Twins.

Neither Beaver nor Pohlad were present at this evening's meeting, and it was not revealed how much the team was being sold for.

Carl Pohlad and the Twins also have scheduled a press conference for 10:30 a.m. Saturday at the Metrodome, the place his Minnesota Twins currently call home. Pohlad then is expected to announce details of the agreement.

There is no immediate word on what more will be announced.

Beaver and Pohlad spent today talking behind the closed doors that are pictured here at Pohlad's executive offices in the downtown Minneapolis skyscraper that's also pictured here. Beaver flew into the Twin Cities this morning, one day earlier than expected.

If Beaver and Pohlad agree on a deal for the team, Gov. Arne Carlson is expected to meet with Major League Baseball Commissioner Bud Selig on Monday, The Associated Press reported.

Meanwhile, WCCO-TV says Carlson met again today in St. Paul with key lawmakers to map out a political strategy if the Twins are sold.

Sen. John Marty, a Roseville Democrat, told the AP that the deal is "last minute intimidation."

He believes it may not be a well-intentioned deal, but an attempt to coerce lawmakers into spending public money on a stadium.