Detroit Pistons v New Orleans Hornets

Pistons sale could be complete next week

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Tom Gores, a Michigan native worth an estimated $2.2 billion, will complete his purchase of the Detroit Pistons as soon as next week, the Detroit News reports.

It may well take longer to complete the deal, but the goal is to have the sale done in time to present it to the NBA Board of Governors — the other owners — at their meeting All-Star Weekend, Feb. 18 to 20 in Los Angeles.

Gores was raised in Flint, went to Michigan State, used to sell computer equipment in Michigan but moved to California and now is the man behind Platinum Equity, which is a power in the leveraged buyout business.

He is a guy known for buying struggling businesses and turning them into something profitable. He’s also known as a guy who does not overpay for properties he buys. Forbes had estimated the Pistons (and the Palace at Auburn Hills) to be worth $480 million, but with the down economy hitting Michigan very hard, and the slumping play of the Pistons hurting the team’s gate, this sale is likely for considerably less. No actual sale price has been leaked.

The Pistons are owned by Karen Davidson, who took control of the team after the passing of her husband Bill. She has worked with Citibank as her agent to sell the Pistons.

It appeared Mike Ilitch — the Little Caesars Pizza founder and already owner of the Red Wings and Tigers in Detroit — was going to purchase the team and had an exclusive negotiating agreement after coming is as the high bidder. However, after getting a look at the actual books of the franchise he decreased his offer dramatically. Soon the process was again opened to others.

Now it appears Gores is on the verge of completing purchase of the team. He declined to comment when approached by the Detroit News at last week’s Lakers/Pistons game in Los Angeles (where he lives now).

Watch Alfonso Ribeiro show Stephen Curry, Justin Timberlake how to do the Carlton

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There are not words.

Stephen Curry was paired with Justin Timberlake at the American Century Championship celebrity golf tournament in Lake Tahoe this weekend, which at first led to mouthpiece throwing.

Then the Carlton. With Alfonso Ribeiro.

Why New Orleans, despite Louisiana lawsuit, differs from Charlotte for NBA All-Star game

SAN FRANCISCO, CA - MAY 22:  President & COO of the Golden State Warriors Rick Welts speaks as (L-R) Co-Executive Chairman's Peter Guber and Joe Lacob, and Mayor Edwin M. Lee looks on at a press conference with the Golden State Warriors announcing plans to build a new sport and entertainment arena on the waterfront in San Francisco in time for the 2017-18 NBA Season on May 22, 2012 in San Francisco, California.  (Photo by Thearon W. Henderson/Getty Images)
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How could the NBA pull the All-Star game from Charlotte due to North Carolina’s anti-LGBT law and move it to New Orleans, considering Louisiana is suing the Obama administration over its directive on sex discrimination?

This leak from the Board of Governors meeting proves illustrative.

Jeff Zillgitt of USA Today:

In a poignant address, Golden State Warriors president and chief operating officer Rick Welts, 63, who is openly gay, explained his meaningful and lifelong affiliation with the NBA and told league owners he didn’t feel comfortable attending the All-Star Game in Charlotte if the law remained as is.

He then said if the All-Star Game remained in Charlotte, he wouldn’t feel comfortable attending, and he said he has spoken to employees in the LBGT community from half of the league’s teams who didn’t feel comfortable attending either.

Another influence on the NBA owners: A number of NBA sponsor/partner businesses have told the league they would not be involved if the game remained in North Carolina.

This isn’t so much about a moral stance or punishing North Carolina. It obviously isn’t about punishing Louisiana.

It’s about treating employees and customers with respect.

Putting valued employees in uncomfortable positions is bad business. Holding All-Star Weekend in North Carolina would have done that. Maybe Welts and those he spoke with wouldn’t immediately quit in protest, but why should the league put them in such harsh work conditions? Imagine being forced to choose between your job and traveling to a place you’re denied fundamental protection under the law. Welts earned his position for a reason. The NBA should make reasonable efforts to retain him and other talent.

The same is true of potential customers, some of whom would have been reluctant to attend All-Star Weekend in North Carolina for the same reasons. Maybe the NBA still would have sold out every event, but it’s not worth alienating a portion of the fanbase. (Though the league’s decision inevitably alienated some fans on the other side of the issue. There is some moralism at play here.)

Maybe Louisiana will eventually succeed in its lawsuit and enact its own anti-LGBT laws. But right now, New Orleans doesn’t legally discriminate against the LGBT community. That makes it an acceptable place to host the All-Star game.

This isn’t about sending a message. It’s about finding a location people like Welts — people the NBA value — feel comfortable.

Report: Celtics agree to guaranteed contract with Demetrius Jackson, partially guaranteed deal with Ben Bentil

PHILADELPHIA, PA - MARCH 25:  Demetrius Jackson #11 of the Notre Dame Fighting Irish celebrates after defeating the Wisconsin Badgers with a score of 56 to 61 during the 2016 NCAA Men's Basketball Tournament East Regional at Wells Fargo Center on March 25, 2016 in Philadelphia, Pennsylvania.  (Photo by Streeter Lecka/Getty Images)
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The Celtics are slowly but surely taking care of their eight (!) 2016 draft picks.

They’ll sign No. 3 pick Jaylen Brown. No. 16 pick Guerschon Yabusele and No. 23 pick Ante Zizic will remain overseas. The Nos. 31 and 35 picks were traded for a future first-rounder on draft night.

And Boston has reached terms with No. 45 pick Demetrius Jackson and No. 51 pick Ben Bentil.

Adam Himmelsbach of The Boston Globe:

As second-rounders, neither Jackson nor Bentil count against the cap until signed. So, the Celtics — with a little cap space plus the room exception and minimum-salary exceptions available — might wait a while to officially sign either player.

Jackson would give Boston 16 players — one more than the regular-season roster limit — with guaranteed salaries. Obviously, the Celtics will have to make a move — a big one, they surely hope.

Any deal could avoid a point guard, because Jackson makes four with Isaiah Thomas, Marcus Smart, Terry Rozier. Most teams carry just three.

With this roster crunch, Bentil will probably head to the D-League after training camp. The partial guarantee is likely just designed to entice him to stick in Boston’s system rather than sign overseas.

This leaves just No. 58 pick Abdel Nader unaccounted for among the Celtics eight (!) 2016 draft picks.

Spurs sign 2013 first-rounder Livio Jean-Charles

Cecilio Santibanez
AP Photo/Eric Gay
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With the 76ers signing Dario Saric, that left just five players drafted in the first round before this year who are still active but haven’t played in the NBA:

  • Nikola Milutinov (No. 26 by Spurs in 2015)
  • Bogdan Bogdanovic (No. 27 by Suns in 2014)
  • Livio Jean-Charles (No. 28 in 2013 by Spurs)
  • Petteri Koponen (No. 30 in 2007 by 76ers)
  • Fran Vazquez (No. 11 in 2005 by Magic)

San Antonio trimmed the list by one.

Spurs release:

The San Antonio Spurs today announced that they have signed forward Livio Jean-Charles.

Because Jean-Charles was drafted more than three years ago, he’s not bound by the rookie scale. San Antonio could have signed him to a scale or standard contract.

The Spurs could use more length and athleticism on the frontline behind LaMarcus Aldridge and Pau Gasol, and Jean-Charles fit the bill when drafted. But he tore his ACL and missed the following season. It’s less clear the 22-year-old is still on track to help.

 

Count on Dewayne Dedmon as a far safer bet to provide San Antonio with that dimension. If Jean-Charles helps, that’d just be a bonus.