Warriors acquire Cabarkapa – Cavaliers Sold
The Golden State Warriors acquired forward Zarko Cabarkapa from the Phoenix Suns for two future second-round draft picks.Cabarkapa, the Suns’ first-round pick in the 2003 draft, has averaged 4.1 points and 2.0 rebounds as a reserve with Phoenix. He missed the first 17 games of this season with tendinitis in his left knee.
The six-foot-11 native of Serbia-Montenegro played five pro seasons in Europe before joining the NBA. He was a member of the gold medal-winning Yugoslav team at the 2002 World Championships.
The Warriors made room for Cabarkapa earlier in the day by placing forward Eduardo Najera on the injured list. Golden State is over the salary cap, but was able to make the deal by using its trade exception from last July’s deal to send Nick Van Exel to Portland.
The Cleveland Cavaliers were bought Monday for 375 million US dollars by the founder of the United States’ largest online mortgage company, according to reports from Cleveland on Monday.
Dan Gilbert of Detroit, founder of Quicken Loans who acquires the team, will assume ownership of the Cavaliers and operational control of the 20,000-seat Gund Arena once the league’s Board of Governors approves the sale.
The team has surged to the lead in NBA’s Central Division sinceLeBron James landed the league in 2003-2004 season.
Former owner Gordon Gund will retain a minority stake of no more than 10 percent, a report said.
Gund and his brother George bought the team from Ted Stepien in1983 for 20 million US dollars.
Because of strict NBA rules, Gilbert was not allowed to speak about any of the Cavaliers players or front office personnel, but he said that owning a team with James on it added to the allure.
The Cavaliers is the fourth NBA team to be sold in the past year, most recently the Phoenix Suns for 401 million dollars. Theother teams were the Atlanta Hawks (250 million dollars) and New Jersey Nets (300 million dollars).
The 42-year-old Gilbert, who failed in an attempt to buy the Major League Baseball club the Milwaukee Brewers last year, is getting the Cavaliers with their value and visibility higher than at any other time in the team’s 35-year history.