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.

Warriors rout Clippers 115-98 for 7th straight win over LA

Golden State Warriors guard Klay Thompson, left, tries to go up for a shot as Los Angeles Clippers guard Alan Anderson defends during the second half of an NBA basketball game, Wednesday, Dec. 7, 2016, in Los Angeles. The Warriors won 115-98. (AP Photo/Mark J. Terrill)
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LOS ANGELES (AP) — Klay Thompson scored 24 points, Draymond Green added 22 points and the Golden State Warriors routed the Clippers 115-98 on Wednesday night for their seventh straight win over Los Angeles.

Stephen Curry had 19 points for Golden State, and Kevin Durant, who came averaging a team-best 27.0 points, was held to 16 on 5-of-17 shooting.

Curry failed to make a 3-pointer for just the second time this season, going 0 of 8. The Warriors were 7 of 30 from long range.

Jamal Crawford scored 21 points for the Clippers, who have lost five of seven. Four of their seven overall losses have come at home.

Giannis Antetokounmpo gets triple-double, Bucks beat Blazers 115-107

Portland Trail Blazers' Allen Crabbe fouls Milwaukee Bucks' Giannis Antetokounmpo during the second half of an NBA basketball game Wednesday, Dec. 7, 2016, in Milwaukee. The Bucks won 115-107. (AP Photo/Morry Gash)
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MILWAUKEE (AP) — Giannis Antetokounmpo is emerging as a dynamic player and precocious leader – and at 22 years old, he’s already closing in on one of Kareem Abdul-Jabbar’s franchise records.

Antetokounmpo got his second triple-double of the season to lead the Milwaukee Bucks over the Portland Trail Blazers 115-107 on Wednesday night.

Antetokounmpo had 15 points, 12 rebounds and 11 assists for his seventh career triple-double – second-most with the franchise behind Abdul-Jabbar’s eight. Antetokounmpo is the only NBA player averaging at least 20 points, eight rebounds, five assists, two blocks and two steals this season.

“Maybe it wasn’t a fluid game for Giannis, but this is what he does,” Milwaukee coach Jason Kidd said. “He fills up the stat sheet. … He is a winner and he helped his team find a way to win tonight by getting other guys involved. That is the maturity of a 22-year-old, that you can see a leader is growing right in front of us.”

Jabari Parker added 27 points for Milwaukee, which rebounded from a one-point home loss to San Antonio on Monday to win for the fifth time in six games.

“The team is rolling right now, feeling good,” Antetokounmpo said. “Jabari is a beast right now.”

The Bucks entered holding opponents to a NBA-best .311 shooting percentage from 3-point range, but Portland drilled 17 of them on 40 attempts – both season highs.

Damian Lillard made five and scored a team-high 30 points to go with seven rebounds and six assists.

C.J. McCollum added 23 points, including four 3-pointers, as the Blazers continued a nine-game stretch of playing eight times on the road.

“That’s one of the things we do,” Portland coach Terry Stotts said. “We shoot a lot of 3s when we move the ball.”

Milwaukee led 101-90 with 5:27 left after two free throws from Antetokounmpo, but then Portland hit three straight 3s in 56 seconds to trim the deficit to two.

The Bucks responded with the next three baskets to take a 107-99 lead after a jumper from Parker with 2:03 to go.

Another 3 from Allen Crabbe trimmed the margin to 109-105 with 56 seconds remaining, but that is as close as Portland got.

TIP-INS

Trail Blazers: The team’s 12 3-pointers in the first half tied the franchise high. The last time it had that many was 2002. … Mason Plumlee became the fastest Portland player to tally 150 rebounds and 100 assists (23 games) since Scottie Pippen in 1999-2000 (22 games).

Bucks: Jason Terry played his 1,300th career game. … Antetokounmpo was called for a 10-second violation when attempting a free-throw in the third quarter. … Miles Plumlee, the older brother of Mason, sat out for the third straight contest.

ONE WAY TO LOSE

Portland had eight of its 15 turnovers in the final quarter, including three in a stretch of 1:13 midway through the frame.

“I don’t know if I’d say it was sloppy,” Stotts said. “Not all turnovers are sloppy. (Crabbe) stepped out of bounds – that’s a turnover. We had a 24-second shot clock (violation) – that’s a turnover. But I was probably more concerned with some of our shots.”

QUOTE OF THE NIGHT

Kidd, when asked about Lillard’s play: “He is one of the top guards in the world,” he said. “His range is once he gets past half court.”

MONROE SCORING AGAIN

Greg Monroe had 15 points – one shy of his season high. Since a two-point game at Brooklyn on Thursday night, he is averaging 12.3 points per game in three outings.

 

Lou Williams hits halfcourt buzzer-beater (video)

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Yeah, the Lakers lost to the Rockets, 134-95, Wednesday. But consider how lopsided that margin would’ve been without Lou Williams‘ halfcourt buzzer-beater.

And if this headline looks familiar, it is.

LeBron James, Cavaliers do water-bottle challenge on bench during blowout win over Knicks (video)

Cleveland Cavaliers forward LeBron James, left, and Cavaliers forward Richard Jefferson entertain themselves by flipping a water bottle trying to get it to land on it's flat bottom during the fourth quarter of an NBA basketball game against the New York Knicks at Madison Square Garden in New York, Wednesday, Dec. 7, 2016. The Cavaliers defeated the Knicks 126-94, and most starters left the game for the bench at the end of the fourth quarter. (AP Photo/Kathy Willens)
AP Photo/Kathy Willens
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LeBron James did his part – scoring 25 points (on just 10 shots!), dishing seven assists and grabbing six rebounds – to give the Cavaliers an insurmountable lead over the Knicks through three quarters. So, he didn’t even play in the fourth quarter.

As Cleveland put the finishing touches on its 126-94 win, boredom set it. LeBron and a few of his teammates tried to flip a water bottle and have it land upright on the floor. LeBron even dove onto the court to pull the bottle back in after an errant flip!

No, Phil Jackson should not have used the word “posse” to describe LeBron’s business associates and friends. But this is the most disrespectful thing I’ve ever seen – and I love it.