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Sources: Michael Jordan to Sell Part of Hornets

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Michael Jordan has agreed to sell a large piece of the Charlotte Hornets to two New York-based investors, a sale expected to close in the next few weeks that was first reported by the Observer.

A source familiar with the deal said it does not involve the former NBA Most Valuable Player giving up majority ownership of the NBA franchise. Jordan controls about 97 percent of Hornets equity, two sources confirmed.

Jordan is bringing in Gabe Plotkin, a founder of Melvin Capital, and Daniel Sundheim, a founder of DI Capital. Both prospective owners must be approved by the NBA, but that process is already underway and the sale is expected to close quickly, a league source confirmed.

Source: Rick Bonnell of the Charlotte Observer

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Sources: DeMarcus Cousins, Rockets Agree to Deal

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Source: DeMarcus Cousins has agreed to a one-year deal with the Rockets.

Source: Tim MacMahon on Twitter

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Tommy Sheppard: ‘No plans’ for Wizards to Trade John Wall

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Wizards GM Tommy Sheppard said Washington has no plans to trade John Wall. He said he was with Wall this morning when the point guard was working out. Sheppard said Wall and Beal have a new chapter ahead of them to work together coming off Wall’s injury.

Source: Ohm Youngmisuk on Twitter

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Sources: Langston Galloway, Suns Agree to Deal

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Langston Galloway and the Phoenix Suns have agreed to a deal, league sources told @hoopshype.

Source: Michael Scotto on Twitter

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