Not much change in Pistons sale

Leave a comment

Thumbnail image for pistons_logo.pngTeam sales are not a quick thing, especially when the perceived value and actual value are different.

There seems to be little change in what is going on with the Detroit Pistons sale, at least that seems the case after reading the latest update from the Detroit News.

There are four groups in the running, with billionaire and Michigan native Tom Gores as the frontrunner. Also in are Mike Illitch, owner of the Red Wings and Tigers, who wants to move the Pistons to a new building in downtown Detroit; George Postolos, former Rockets team president who almost ended up buying the Bobcats; and a group of investors based in Dubai.

This was the same group and frontrunner we knew about a month ago. Owner Karen Davidson is looking to sell the team after the passing of her husband and long-time owner Bill.

The only question left is the price. Forbes estimated the Pistons worth at $479 million, but the sale is expected to be at less than $400 million in large part to the depressed economy in the region (the automotive industry has been hit hard).

The rest of the Detroit News piece focuses on Gores and his business style, which is essentially to buy and improve companies that are often contrary to where the rest of the market is heading. Gores is a Michigan State grad a huge sports fan. Including basketball — he had courtside seats for Game 7 between the Lakers and Celtics.

Hezonja throws down one-handed dunk in preseason debut

Orlando Magic Introduce 2015 NBA Draft Picks
1 Comment

Mario Hezonja, the No. 5 pick in this year’s draft, has never lacked for confidence. The Croatian guard made his pro debut in the Magic’s preseason game against the Hornets on Saturday and did this:

Between Hezonja, Elfrid Payton, Victor Oladipo and Aaron Gordon, the Magic have a nucleus of young players that has the potential to be a lot of fun. Even if they’re still a few years away from contending, they’re definitely going to be a League Pass favorite this year.

Michael Kidd-Gilchrist suffers dislocated shoulder in preseason game

Michael Kidd-Gilchrist, Solomon Hill
Leave a comment

Preseason is only just getting underway and there’s already a potentially serious injury to report. In the game between the Hornets and Magic on Saturday night, Michael Kidd-Gilchrist was taken to the locker room after suffering a right shoulder injury. The Hornets announced that he was then taken to an Orlando-area hospital for follow-up x-rays:

A few hours after the game, the Hornets announced that Kidd-Gilchrist has a dislocated shoulder:

Depending on the severity of the injury, he could miss a few weeks or a few months. Hopefully, it’s the shorter end of that timeline. We should know more on Sunday.