On a night when Chris Hansen, the leader of the investment group who missed out on the Kings earlier this year, was making headlines, new Sacramento owner Vivek Ranadive was also peripherally in the news. Ranadive's former minority stake in the Warriors has been purchased by Silicon Valley venture capitalist Mark Stevens, according to an Associated Press report (via ESPN.com). Darren Rovell of ESPN.com adds that Stevens paid for his share based on a franchise valuation of $800MM, an impressive figure considering the team was sold for $450MM less than three years ago.
- After turning down several camp invites from NBA teams, undrafted free agent Jack Cooley reached an agreement to sign with Turkish team Trabzonspor, as we heard last weekend. That deal became official today, the team announced (translation via Sportando).
- Larry Coon's latest chat at HoopsWorld addresses a number of interesting CBA issues, including why teams keep the cap holds of retired players on their books, and why the salary cap for 2014/15 is expected to increase noticeably.
- A Spanish club has interest in prying Tornike Shengelia away from the Nets, according to a Gigantes del Basket report (translation via HoopsHype).
- Sean Deveney of the Sporting News identifies a handful of trade candidates worth keeping an eye on in the coming months.