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.

Andrew Bogut signs to play in NBL in native Australia

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Back in January, the Los Angeles Lakers waived Andrew Bogut. He had a very limited role on a Los Angeles team that was not making the playoffs, serving as a backup big man against teams who use a traditional center. That’s not much of a role anymore. He’s a center who can pass, shoot from the midrange a little, and knows where to be defensively, but the game has evolved as Bogut’s skills have faded. Bogut tried to latch on with a contender for the playoffs, but could not find a team to take him.

So he is going home.

Bogut is signing to play for the Sydney Kings in Australia’s NBL.

Bogut was the first No. 1 draft pick from Australia when he was selected by the Milwaukee Bucks in 2005. He made the All-Rookie team that season, was All-NBA in 2010, but may be best known for his role as a crucial part of the defense of the NBA champion Golden State Warriors in 2015 (and his injury during the 2016 Finals is an underrated reason Cleveland was able to pull off a miracle comeback).

At age 33 Bogut may not have a spot in the NBA, but in the NBL he both will thrive for a few more years but also be a huge draw and get the welcome home from fans that he deserves.

When Lance Stephenson gets a traveling call, he earns it (VIDEO)

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Yes, guys get away with traveling in the NBA. James Harden on the step back (sometimes, not always), or guys sliding left/right to avoid a closeout at the arc and not bothering to dribble while they do it.

Lance Stephenson got called for traveling Sunday in the Pacers’ loss to the Cavaliers. In a game where Stephenson got under the skin of LeBron James and drew a technical (and tied him up for a jump ball at one point), this was the best Lance highlight of the game. Because if you’re going to travel, you should go all in.

Never change Lance. Never change.

Matthew Dellavedova steals pass, hits wild scoop shot at buzzer (VIDEO)

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Matthew Dellavedova is a hustler. Everybody knows that. Well, unless you want to argue he’s more about grit. It’s really your call.

But against the Boston Celtics on Sunday, Dellavedova came through with whatever you want to call it — hustle, grit, moxie, gumption.

As the first quarter wound down and the Celtics tried to inbound the ball, Dellavedova spied his opponents rolling the basketball in order to save time on the clock.

That allowed the Australian native to fly in and do this:

That’s a steal, a scoop, and a score all within 1.2 seconds.

Milwaukee won Game 4 and evened the series with the Celtics, 2-2.

Cavaliers tie series with Pacers in Indiana, 2-2

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Sunday night’s game between the Indiana Pacers and Cleveland Cavaliers was raucous. Bankers Life Fieldhouse was rocking, and despite Indiana’s best effort to put back seemingly every offensive board it encountered, LeBron James‘ 32 points was just too much to overcome.

Facing the possibility of going down 3-1 in the first round, the Cavaliers pulled out the win, 104-100, and sent the series back to Ohio for Game 5.

The game came down to the final period following a surge by the Pacers to end the third quarter. The teams were tied several times midway through the fourth, but a tip shot by Thaddeus Young wth 6:13 left gave the Pacers the lead as fans in Indiana went wild.

Cleveland then came roaring back. At the three-minute mark, James drove to the basket and scored. Thirty seconds later, Kyle Korver hit a big-time 3-pointer to put the Cavaliers up by four points, a mark the Pacers couldn’t recover from.

LeBron scored again with 1:52 left, and despite some weird late-game antics — featuring none other than Lance Stephenson — the Cavaliers were able to remain resolute down the stretch.

James finished with 32 points, 13 rebounds, and seven assists. Kyle Korver added 18 points on 4-of-9 shooting from deep, and Kevin Love had five points with 11 boards.

Victor Oladipo struggled for Indiana, scoring 17 points but shooting just 25 percent from the floor. Seven Pacers finished in double-digits, with Young notching an impressive double-double of 12 points and 16 rebounds.

Game 5 will be played in Cleveland on Wednesday, April 25.