Simplify the following text for a Grade 8 native English-speaking person.
Original: The Minnesota Timberwolves are a basketball team in Minneapolis , Minnesota in the United States .
Simplified: The team was officially named the Minnesota Timberwolves on January 23 , 1987 . Minnesota is home to the largest population of timberwolves in the lower 48 states ( at about 2,921 ) .