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.
HOUSTON (AP) Stephen Curry scored 32 points, Klay Thompson had 25 and the Golden State Warriors built a big lead early and held on for a 113-106 win over the Houston Rockets on Tuesday night.
The Warriors scored 37 points in the first quarter and never trailed on the way to their eighth straight victory and 60th this season.
Golden State led by eight after a pair of free throws by Curry with just over three minutes left. Patrick Beverley countered with a tip-in layup for Houston, then was fouled when he was knocked to the ground on a screen by Draymond Green seconds later.
James Harden missed a layup on the next possession before Green added a shot on the other end to put the Warriors up 107-99.
Another layup miss by Harden followed, and Curry made a 3-pointer with 1:46 left to send fans streaming to the exits.
There was a scary moment during the matchup between the Golden State Warriors and Houston Rockets on Tuesday night. During a change of possession, Houston’s Trevor Ariza and and Golden State’s James Michael McAdoo got tangled up and fell together on the floor.
McAdoo was under Ariza and wound up getting his head slammed into the hardwood. He was immediately taken off the floor and sent to the locker room.
The NBATV broadcast said McAdoo received stitches but did not test positive for a concussion. He is averaging 8.7 minutes, 2.9 points, and 1.7 rebounds per-game for the Warriors.
Jusuf Nurkic did not enjoy his time as a member of the Denver Nuggets. His trade to the Portland Trail Blazers in exchange for Mason Plumlee was a welcome change of scenery.
On Tuesday night, Nurkic got to take on his old team with huge playoff implications at stake. Portland beat the Nuggets, 122-113, moving a game ahead of their rivals in the race for the No. 8 seed in the Western Conference and giving them the best tiebreaker between the two.
Nurkic was impressive, blasting his old squad with 33 points on 12-of-15 shooting, adding 16 rebounds, three blocks, and two assists.
Nurkic was interviewed in the arena after the game, and he was obviously happy he helped his team while also sticking it to Denver. Speaking with Portland reporter Brooke Olzendam, Nurkic took one last shot at the Nuggets, telling them to enjoy their summer.
Nurkic quite possibly sent the Nuggets packing for the year with the game at the Moda Center on Tuesday, so he might have been the guy who helped start their summer.
Still, that is ice cold.
Miami Heat forward James Johnson is one of the NBA’s best in-game dunkers. On Tuesday night against the Detroit Pistons, he yammed down a huge one-handed slam that embarrassed Marcus Morris and drew gasps from the crowd at the Palace.
The play came midway through the fourth quarter with Johnson at the top of the key. After a quick pass over to him, Johnson gave a quick hesitation before driving to his left and past his defender.
With the quick step, Johnson’s only remaining opponent at the basket was Morris, who was unfortunate enough to find himself between the high-flying Heat and the rim.
This is what happened next:
Morris was whistled for a foul on the play.