Mike Ilitch, the owner of the Detroit Red Wings and Tigers, is working on the final details to purchase the Detroit Pistons, according to the Associated Press and Crains Detroit Business Journal.
Current Pistons owner Karen Davidson (who took control when her husband Bill died) had said she wanted to have the team sold by the start of the season. It appears that the two sides may well have an agreement by then, although the sale cannot go through until the NBA Board of Governors (the owners) approve the sale, which likely will take a little longer.
The price is not yet known, although it is expected to be maybe $100 million less than the $450 million value estimated by Forbes last year.
This decision — when there were other suitors lined up — is a little bit of a surprise because of bad blood between Ilitch’s holding company and Davidson’s Palace Sports and Entertainment (which has included trips to court). However, Davidson said she had wanted to make sure the Pistons would not leave Detroit and this makes that a certainty.
Ilitch made his money as the founder of the Little Caesars pizza chain. Ilitch would become the only person to own teams in three of the four major sports leagues in the United States (NFL bylaws would prevent him from buying the Lions without selling the other teams).
It could be a good thing for a Pistons team that had been a powerhouse in much of the 2000s (what is the right name for that decade?) but had slipped in recent years and is on the verge of needing to rebuild on the court. Ilitch has had the Red Wings as one of the top teams in hockey during his tenure, and has done reasonably well in baseball (considering the tortured economics of that sport and competing with the big boys).
Ilitch has already started the planning for a new downtown Detroit arena that would house the Red Wings and now the Pistons, as part of a revival of that area. That deal now seems to take a step forward.
Owning three teams opens up some interesting ideas in terms of selling sponsorship and advertising for the three entieites.
A Malawian newspaper, writing about Michael Jordan’s statement on race, used the Crying Jordan photo accompany the article.
How did that happen?
A page designer who didn’t understand the meme? A joke never fixed before printing? A staff-wide ignorance of the photo’s cultural relevance?
Justin Block of The Huffington Post:
As it turns out, the newspaper is called The Nation, or The Malawi Nation. When reached for comment on Thursday afternoon, The Nation Senior News Analyst Joy Ndovi stated that using the Michael Jordan Crying meme was intentional, and said Sports Editor Garry Chirwa picked the photo.
Chirwa told us that when he read the story, he felt that the emotions packed within Jordan’s quote, “I could no longer keep silent,” were represented in the Michael Jordan Crying meme.
“I just imagined him crying,” Chirwa wrote via WhatsApp.
Ndovi echoed Chirwa’s sentiments:
The article on Jordan reacting to the violence in U.S. was just the perfect one for the meme to be used. It depicts the emotional state of the former NBA star. Though it might seem unconventional, what other photo could be more suitable than the infamous Crying Jordan meme?
I can think of a few.
Before signing with the Knicks to retire, Amar’e Stoudemire reportedly wanted to sign with the Suns this year and last.
He essentially confirmed both accounts.
Stoudemire, via Paul Coro of The Arizona Republic:
“The last two years, we made phone calls to Phoenix but I wasn’t getting any positive response,” Stoudemire told azcentral sports on Thursday. “That would’ve been the perfect way to go out. I didn’t want to beg Phoenix. My heart was in two places – Phoenix and New York. I just went where I was wanted.”
According to the report, Stoudemire wanted to play for Phoenix next season — not just retire as a Sun. If that’s the case, I see why the team passed. The Suns have 15 players (the regular-season roster limit), are rebuilding and already have Tyson Chandler as a veteran big.
But if Stoudemire wanted sign an unguaranteed deal with the Suns then retire as a ceremonial move, it’s a little harder to explain Phoenix’s reluctance. Perhaps, the Suns were caught off guard by such a request. Nobody in memory had done something like that in the NBA. The gesture is far more common in football and baseball.
Either way, Stoudemire retiring as a Knick wasn’t designed to show a long-standing bitterness toward the Suns.
A recent bitterness toward the Suns? Maybe.
Karl-Anthony Towns has replaced Anthony Davis as the consensus MVP-in-waiting.
Are you ready, NBA?
Here’s a sneak preview of the Timberwolves center’s future:
NEW YORK (AP) — Craig Sager’s fight with leukemia will prevent the basketball sideline reporter form covering the Rio Olympics for NBC.
NBC said Thursday in a statement that the 65-year-old Sager is preparing for a third bone marrow transplant at MD Anderson Cancer Center in Houston. Sager was first diagnosed with leukemia in 2014 and announced in March that he was no longer in remission.
The Rio Games would have been Sager’s fifth Olympics.
Sager has worked for Turner Sports for 34 years. At the ESPY Awards this month, Vice President Joe Biden presented Sager with the Jimmy V Award for Perseverance.