Tom Gores

Tom Gores isn’t buying Pistons, his equity firm is

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Piston fans, there is just never going to be another owner like Bill Davidson.

The storybook ending of a drawn-out, sloppy sale of the team after his death is that Michigan-raised billionaire Tom Gores bought the Pistons and that things will now start back on the path to the glory days.

Except, it’s not really that way. The people at Forbes are here to burst your bubble (via Ball Don’t Lie): Gores isn’t buying the team, his equity fund is.

That’s right: The Detroit Pistons are about to become the first NBA franchise to be owned by a private equity fund. Not by flesh-and-blood individuals who made their fortunes in private equity (like the Boston Celtics or Golden State Warriors), but by a $2.75 billion financial vehicle. What that means is that this the Pistons are about to become an investment, not a labor of love. Something bought for the purpose of later being sold, not to keep in the Michigan-loving family for generations.

The NBA is obviously aware of this reality – my understanding is that Platinum has fully explained to league officials how PE funds operate – and apparently is okay with it.

Yes, it’s true that Gores will invest personal money into the deal. But it’s also true that Gores invests personal money alongside all Platinum Equity deals, by virtue of its partnership agreement. Don’t recall any “hometown hero” stories when Platinum acquired fastening systems manufacturer Acument Global Technologies, which happens to be headquartered in Sterling Heights, Michigan.

Gores may well still hold a candle for Bob Lanier, but his primary motivation (and fiduciary duty) today is to turn a profit. If that can be done by maximizing other assets acquired in the transaction — including the Auburn Hills arena, an outdoor concert venue and a music festival — while using the ball-club as a loss leader, then that may be what happens. Or perhaps Platinum is counting on a favorable reworking of the players’ collective bargaining agreement, to move the NBA closer to the NFL’s parity-producing model.

The good news for Pistons fans is this: Winning helps turn profits. If the goal is to make money, then Gores and firm have an incentive to find a winning formula. Still, the idea of an equity fund owning the team is a little disturbing, that the team is not seen by its owners as anything more than an asset.

Sadly, the days of a friendly, community-minded hometown owner are fading fast. If not gone completely.

Dwyane Wade ‘honored’ to be Prince’s favorite player

Late Night with Seth Meyers - Season 2
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Dwyane Wade says he’s feeling “all kinds of emotions” after hearing that he was Prince’s favorite basketball player.

The Miami Heat star took to Twitter after hearing Prince’s comments in a 2012 Australian radio interview the late pop icon conducted with model Damaris Lewis.

Prince died last month at his Minnesota home at the age of 57.

Referees admit error at end of Thunder/Spurs, will add call to training in future

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It’s hard to describe the final play of the Thunder Game 2 win over the Spurs and the officiating during it for a family-friendly publication such as this. The phrase I want to use starts with “cluster” but that’s as far as I can go.

The officiating crew missed a host of calls during those final 13 seconds, but they have at least owned up to the most egregious one — missing Dion Waiters pushing off Manu Ginobili while the Thunder guard tried to inbound the ball. (Yes, Ginobili’s foot was on the line, but sorry Thunder homers that was not close to the most egregious miss at the end.)

After the game, the lead official Kenny Mauer admitted that error.

Now the NBA referee’s union released this statement:

Did that decide the game? No. We like to focus on things we can blame as going wrong, but the Spurs offense started 2-of-15 shooting on the night, was inconsistent, and they still had a chance at the end. This one play is not why the Spurs lost. Manu Ginobili said it well postgame.

Raptors’ Bismack Biyombo given after-the-fact Flagrant 2 for elbow to Pacers’ Turner, no suspension

TORONTO, ON - APRIL 26:  Bismack Biyombo #8 of the Toronto Raptors celebrates a dunk late in the second half of Game Five of the Eastern Conference Quarterfinals against the Indiana Pacers during the 2016 NBA Playoffs at the Air Canada Centre on April 26, 2016 in Toronto, Ontario, Canada.  NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement.  (Photo by Vaughn Ridley/Getty Images)
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Bismack Biyombo is going to be key for Toronto in their second round series against Miami. The Raptors will need his rim protection when Goran Dragic and Dwyane Wade start to drive.

Which is why the Raptors are lucky he did not get suspended for this blow from Game 7 vs. the Pacers (watch Biyombo elbow Myles Turner in the face in the middle of the key):

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At the time there was no call — as bad a miss as anything from the end of the Thunder/Spurs game — but after the fact the NBA has assessed a flagrant 2 foul on Biyombo.

However, no mention of a suspension for this incident alone. The Raptors catch a break there, as Biyombo should have been tossed from the game and/or given a suspension for that elbow. That said, one more flagrant and he does get a suspension.

NBA’s Basketball Without Borders to host first event in Australia

MELBOURNE, AUSTRALIA - JANUARY 21:  A general view is seen of the city skyline over Melbourne Park during day three of the 2015 Australian Open at Melbourne Park on January 21, 2015 in Melbourne, Australia.  (Photo by Clive Brunskill/Getty Images)
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Andrew Bogut. Dante Exum. Matthew Dellavedova. Patty Mills. Joe Ingles. Technically Kyrie Irving (he was born there but plays internationally for the USA).

Australia has brought a fair amount of talent — and scrappy players — to the NBA, and now the NBA is taking one of its outreach programs there.

Yesterday the NBA, FIBA, and Australia’s National Basketball League announced a Basketball without Borders event June 23-26 at Dandenong Basketball Stadium in Melbourne. It’s the first time the community outreach program will come to the island nation of Australia.

“We are pleased to partner with FIBA and the NBL to bring the first Basketball without Borders camp to Australia,” NBA Asia Managing Director Scott Levy said in a statement. “The league has seen a surge of Australian talent in recent years, and we look forward to supporting the next generation by giving them a platform to showcase their skills alongside their peers from throughout the region.”

These events bring in youth basketball players and work with them, both giving young players highest quality instruction and raising the profile of the sport in the nation with a little star power. Basketball Without Borders will celebrate 15 years this summer and has been all over the globe with similar events.

Now they can check Australia off the list.