The term “equity” has been thrown around all week in the wake of Minnesota’s hiring of Tim Connelly as its new president basketball of operations. The implication is that Connelly received some sort of ownership stake on top of a reported five-year, $40 million deal to leave Denver and take over the Timberwolves’ basketball operations. Sources with knowledge of the deal said this week that the equity piece of Connelly’s deal has been overstated.