I don't really see this as big news.
The Cs are keeping tabs on a player who has potential, but has been in and out of b-ball for a while bc of injuries. Many teams are keeping tabs on said player.
Would he help us much this year? Doubtful, but enough potential there to kick the tires...
EDIT: put differently, signing Oden this year is not going to be the difference between a championship run or not, but its just smart business to keep apprised of players out there on the FA market.