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.

Rasheed Wallace delivers truck full of water to residents of Flint, Michigan

MILWAUKEE - FEBRUARY 07: Rasheed Wallace #30 of the Detroit Pistons reacts after being called for a technical foul against the Milwaukee Bucks on February 7, 2009 at the Bradley Center in Milwaukee, Wisconsin. The Pistons defeated the Bucks 126-121 in overtime. NOTE TO USER: User expressly acknowledges and agreees that, by downloading and/or using this Photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Jonathan Daniel/Getty Images)
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The NBA world has taken notice of the water crisis in Flint, Michigan. In Thursday night’s home game against the Knicks on TNT, Pistons players wore warmup shirts that read “FLINT NOW,” and the organization announced a $500,000 donation towards providing clean water for residents of the town.

Former Pistons great and general basketball legend Rasheed Wallace went even further, according to a tweet from his alma mater, the University of North Carolina:

Sheed obviously has a connection to Michigan, having played in Detroit for six years (including on the 2004 title team) and serving as an assistant coach for the Pistons during the 2013-14 season. This was an incredible gesture by him for the residents of a town that has been without drinkable water for a long time.

DeMarcus Cousins posts triple-double in Kings’ loss to Nets (VIDEO)

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The Kings are a complete mess right now. After a loss to the Nets on Friday night, the team is reportedly considering firing head coach George Karl, who has been with the team for just about one year, and DeMarcus Cousins says they have “a bigger issue than the players.”

But, on the bright side, Cousins is still a monster on the court. During the Nets loss, he posted a triple-double with 24 points, 10 rebounds and 10 assists, showing why he’s the one thing about this franchise that is going to be worth talking about long-term.

Lil’ hype man helps Russell Westbrook introduce Air Jordan XXX

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Russell Westbrook has been wearing the new Air Jordan XXX on the court for nearly a month now. Considering he’s averaging a triple-double in his last 10 games — 22 points, 12 assists, 10 rebounds — I’d say he’s pretty comfortable in them.

Continuing a trend of using the respected Jordan brand name with modern players to sell the shoes, this latest ad for the Air Jordan XXX shoes features a young hypeman who describes Westbrook as “the new Big Bang,” and asks people to “make room – as the man is about to take off.”

The Air Jordan XXX hit retail stores on Feb. 12. Westbrook will be wearing them next weekend in Toronto for the All-Star Game.

Reports: Kings consider firing Karl. DeMarcus Cousins: “We’ve got a bigger issue” than players

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The Sacramento Kings have lost six of seven. A couple of weeks back they climbed to the eight seed in the West, but since then have gone into a tailspin. In those games, Sacramento is getting beat by 6.1 points per 100 possessions, mostly because their defense is giving up 110.4 points per 100 possessions (fifth worst in the NBA in that time).

In Sacramento, most of the blame for the losing streak seems to have fallen upon the players. Or, at least, the players feel that way. DeMarcus Cousins apparently has had enough of it. After Friday’s ugly 128-119 loss to Brooklyn on the road, Cousins said the Kings have bigger problems than the players, as reported by James Ham of CSNBayArea.com.

“I’m not going to keep blaming the guys in the locker room,” Cousins said following the game. “Energy and effort is a huge part of the game, but we’re not going to keep blaming it on that. We’ve got a bigger issue and we need to figure it out as a team….

“I’d rather keep it in-house, but we’ve got bigger issues than just energy and effort,” Cousins added. “That can’t be the excuse every night.”

Not sure that’s a very good job of keeping it in house.

The logical conclusion to jump to is Cousins is referring to coach George Karl, who has never been on the same page with Cousins. Karl was hired at the All-Star break last season, replacing Mike Malone (who Cousins loved) and has pushed the pace with a roster not built for that style of play (at 102.1 possessions per game the Kings play at the fastest pace in the NBA). With the team struggling and falling out of playoff contention (3.5 games back of eight seed Utah) Karl’s job is in immediate jeopardy — he may not make it to the All-Star break, reports Adrian Wojnarowski of the Vertical at Yahoo Sports.

Sacramento Kings owner Vivek Ranadive and general manager Vlade Divac were so livid about a blowout defeat to the Brooklyn Nets on Friday night – the franchise’s sixth loss in seven games – they were strongly weighing the firing of coach George Karl, league sources told The Vertical…

As hours passed following the 128-119 loss to the Nets, there were indications that Karl could be spared long enough to coach the Kings on Sunday in Boston. Nevertheless, Karl has rapidly lost support in management and some parts of the locker room, league sources told The Vertical.

That part would include Cousins. Apparently.

The Kings have a brutal Boston then Cleveland back-to-back Sunday and Monday on the road, and then face the Sixers on Wednesday before the All-Star break starts. Any coach hired before that back-to-back walks into a couple of losses.

A big part of Cousins’ frustration with the Kings has been the franchise’s instability — they seem to pick a new style of play or make some other radical change every year. There is no continuity. Karl is Cousins’ fifth head coach in Sacramento in six seasons. Most recently, gone was Mike Malone’s slower play (which had worked fairly well when Cousins was healthy) and a couple of months later in came Karl’s uptempo system. Now he may be gone. There is no effort to build slowly and to a system that fits the roster. That issue goes straight to owner Vivek Ranadive.

This would be another one of those changes, but Cousins would apparently welcome it this time. Money does play a factor in this — Karl was signed to a deal with $11.5 million in guaranteed money, fire him and they have to cut a huge check. (Minority owners in Sacramento are already frustrated with Ranadive.)

There is no word on who might be in the wings to replace Karl, although it likely would be an interim coach through the end of the season.

No, this does not mean the Kings are going to trade Cousins. At least not immediately, at the deadline, and not likely next summer either. He’s the Kings’ best player, and they would not get equal value back for him. Ranadive is Cousins’ biggest supporter in the organization. Finally, remember the Kings move into a new building in downtown Sacramento next season — you don’t trade your most popular player and face of the team’s marketing program while trying to sell luxury boxes/sponsorships/season tickets in a new building.