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I like the potential utility that I'm being offered with this item.
The issues with the untyped bonus and price have already been well addressed.
I find myself agreeing with Sam's suggestion to avoid explicitly defining the option of two different characters each wearing one glove. It might be enough to define the ability (teleport) and the range and leave it to the players to figure it out.
You hit on an excellent concept here. Best of luck with the rest of the contest!