Tom Gores reaches deal to buy Detroit Pistons

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Soon, the Detroit Pistons will have a new owner.

And with it maybe a direction for the franchise.

Billionaire financier Tom Gores has reached a deal to buy the team, according to the Detroit Free Press.

The total value of the deal, which includes the team, the Palace of Auburn Hills and DTE Energy Music Theatre, is expected to be announced at $420 million. That doesn’t mean Gores will pay that much immediately, though. Current ownership is expected to retain a minority stake of perhaps 10% for up to several years.

Representatives for Gores and the Pistons declined immediate comment.

The sale has one more big hurdle to clear, the NBA Board of Governors (the other owners) needs to approve the purchase. Which they will. They will meet during All-Star weekend but it is not known if this sale will be discussed at that time.

Gores is the founder, chairman and CEO of Platinum Equity, a firm that buys distressed companies, turns them around. Platinum currently owns 30 companies in a wide range of industries. Forbes estimates he is worth $2.2 billion. He is a Michigan native who attended Michigan State.

The Pistons have been owned by Karen Davidson, who took control of the team when her husband Bill passed away in 2009. She has been trying to sell the team for more than a year.

Suns GM Ryan McDonough: Eric Bledsoe hair-salon claim about tweet was unbelievable

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Eric Bledsoe reportedly requested a trade from the Suns before the season then tweeted yesterday:

Clear message?

Apparently not.

After sending home Bledsoe today, Suns general manager Ryan McDonough explained his rationale:

The hair salon! What a wonderful excuse.

Is it true? I’m not going to call Bledsoe a liar. It might be.

It’s also probably true that Bledsoe isn’t long for Phoenix.

Report: Suns send Eric Bledsoe home, expect to trade him

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In a shocking twist, the Suns firing Earl Watson did not end the dysfunction in Phoenix.

Chris Haynes of ESPN:

John Gambadoro of Arizona Sports 98.7:

Adrian Wojnarowski of ESPN:

Bledsoe:

That is a first-rate tweet by Bledsoe. It’s great that he’s having fun with the wild situation, because the rest of us sure are amused peering in.

This was always going to be a long season in Phoenix, but things got out of hand in a hurry. The 0-3 Suns have been outscored by 92 – the worst three-game start in NBA history by 16 points. Now, comes the fallout.

At 27, Bledsoe was getting to be a little too old for a rebuild centered on Devin Booker, Josh Jackson, Marquese Chriss, Dragan Bender and T.J. Warren. The Suns could have dealt Bledsoe in the offseason. Now, they’re negotiating from a position of weakness.

Bledsoe is a good starting point guard when healthy. He’s earning a reasonable $14.5 million this season and due $15 million in the final year of his contract next season. There should be suitors, and Phoenix can gain long-term assets while stepping up its tank.

But this sure seems like a crisis-control move more than anything else.

Willy Hernangomez ‘mad’ about falling from Knicks rotation

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Knicks president Steve Mills started his second tenure talking about rebuilding and listed Willy Hernangomez as a core piece.

But Hernangomez, coming off an All-Rookie first-team season, barely played in New York’s season-opening loss to the Thunder– drawing scrutiny.

Then, he didn’t play at all in a loss to the Pistons – eliciting a strong reaction from Hernangomez himself.

Hernangomez, via Fred Kerber of the New York Post:

“The same. I’m still mad,” Hernangomez said. “I cannot help the team win if I’m sitting on the bench. Two games in a row. It’s tough. I have to wait my moment. I cannot say nothing more.”

The Knicks are moving in different directions. Management is talking about building for the future. Coach Jeff Hornacek, who was hired by previous president Phil Jackson, is trying to win now.

There’s a fine line between developing Hernangomez through playing time and making him earn his minutes. Enes Kanter and Kyle O'Quinn might be better right now.

But being marginally better this season won’t get the Knicks anywhere meaningful except lower in the lottery. On the other hand, even on rebuilding teams, winning is most important to a coach’s job security. Earl Watson implemented the Suns’ tanking scheme, and look where that got him.

Hornacek is backed into a corner, and now one of the team’s most important young players is publicly expressing his displeasure. It’s the latest troubling sign in a locker room already suspicious of Hornacek.

Report: Eric Bledsoe requested trade from Suns before season

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Suns guard Eric Bledsoe tweeted yesterday:

In light of Phoenix’s 0-3 start and Earl Watson getting fired yesterday, that sure looks like a trade request. Still, there’s risk in making assumptions about vague tweets.

John Gambadoro of Arizona Sports 98.7:

Why wouldn’t Bledsoe want out? The 27-year-old is in his prime and stuck on a young team that would rather tank than play him.

It’ll be interesting to see how Bledsoe explains the tweet. He previously paid lip service to his situation in Phoenix, but it appears he’s ready to open up. On the other hand, public trade requests typically draw fines from the NBA.