The Connecticut Sun could be on the move. Earlier this week, Sportico's Kurt Badenhausen and Eben Novy-Williams reported that the Sun's ownership group had hired an investment bank to explore a possible sale of the franchise.

Connecticut Sun president Jennifer Rizzotti said Tuesday that the team's ownership group is "exploring all options to strategically invest in the team," including a potential sale.

The Mohegan Native American tribe that owns the Sun have retained investment bank Allen and Company to facilitate the potential sale of the franchise, according to a Monday afternoon report from Kurt Badenhausen and Eben Novy-Williams of Sportico.