Posts Tagged ‘Detroit Pistons’

nba-logo-on-wood

Fourteen of the NBA’s 30 franchises lost money last season before receiving revenue-sharing cash from the league, and nine of those teams still ended up in the red after that, according to confidential financial records obtained by ESPN’s Brian Windhorst and Zach Lowe.

The report appears to confirm suspicions that despite record income from national television contracts, some teams are having trouble turning a profit – and not just in small markets.

The nine franchises to reportedly come out in the red, by the league’s accounting, after revenue sharing are: the Atlanta Hawks, Brooklyn Nets, Cleveland Cavaliers, Detroit Pistons, Memphis Grizzlies, Milwaukee Bucks, Orlando Magic, San Antonio Spurs, and Washington Wizards.

The Spurs and Cavaliers may raise eyebrows given their combined runs of success, but it was already widely reported the Cavs lost $40 million during their 2015-16 championship season – due in part to a $54-million luxury tax bill.

At the end of the day, small cities such as Memphis and Milwaukee cannot compare to markets like Los Angeles. However, Brooklyn is part of New York City, and Washington and Atlanta rank as the nation’s seventh- and 10th-largest media markets, respectively.

At least one owner brought up the idea of expansion as a way to increase team income, the report states. An expansion fee – likely over $1 billion per team – would be divvied equally among NBA owners and not subject to the 50-50 basketball-related income split with players under the collective bargaining agreement.

Commissioner Adam Silver is on record as saying expansion is not a priority, although markets such as Seattle may be soon waiting in the wings for a new team. Relocating less profitable franchises is another option, something a handful of richer owners have suggested, according to Windhorst and Lowe.

The chasm between the NBA’s most profitable and weaker franchises will be discussed at the league’s next Board of Governors meeting at the end of September, sources told ESPN.

Advertisements

palace

The fate of The Palace of Auburn Hills is sealed. The famed arena will close permanently next month after a concert, weeks before their longtime tenant Detroit Pistons move into the new Little Caesar’s Arena in downtown Motor City.

The property is likely to be sold, according to Brian McCollum of the Detroit Free Press. However, the Pistons’ practice facility remains adjacent to the arena and will be needed by the team until a new one is ready closer to downtown Detroit.

The major concern for some in the Detroit area is The Palace trying to avoid a similar fate that befell the nearby Pontiac Silverdome. Since the Detroit Lions left that stadium in 2002, the facility has fallen into dilapidated disrepair and still has not been demolished.

pistons6

Without a hint of malice, the Detroit Pistons are officially relocating. Fans need not worry, though; they’re only moving about 30 miles from their former home.

The league announced Thursday the NBA board of governors unanimously approved the Pistons’ move from The Palace of Auburn Hills to their new home, Little Caesars Arena.

The Pistons have called The Palace home since it opened its doors in 1988, winning titles in 1989, 1990, and 2004. As a result of the success of the Pistons and the WNBA’s since-relocated Detroit Shock (1998-2009), the address for the building was officially changed to 6 Championship Way, denoting the number of titles collected by its two main tenants.

Perhaps more famous than any on-court achievement at The Palace was a dark event on Nov. 19, 2004.

Referred to as “The Malice in the Palace,” the Pistons and visiting Indiana Pacers engaged in a massive brawl that poured into the stands, producing multiple assault charges and 146 games’ worth of suspensions.

Pistons legend Ben Wallace received a five-game ban, while Chauncey Billups, Derrick Coleman, and Elden Campbell each received one-game suspensions.

Most notably, the Pacers’ Ron Artest (now Metta World Peace), was suspended for the remaining 73 regular-season games and 13 playoff contests, making it the longest suspension doled out in NBA history.

636113562920187686-rs1008-little-caesars-arena-construction-october-2016-11-aerial-over-woodward

DETROIT – The Detroit Pistons have officially announced their move downtown, with owner Tom Gores appearing at a news conference Tuesday with Detroit Mayor Mike Duggan, Ilitch Holdings President and CEO Christopher Ilitch and NBA Commissioner Adam Silver.

The Pistons plan to start playing at Little Caesars Arena next season, which would put all four of Detroit’s major pro teams within a few blocks of each other. The new arena, which is still under construction, was already being built to house the NHL’s Red Wings, who are owned by Mike and Marian Ilitch.

The Pistons’ move is still subject to approval by the NBA, and formal legal agreements must be finalized. The team has played at The Palace of Auburn Hills, about 30 miles from downtown Detroit, since 1988.

636113562920187686-rs1008-little-caesars-arena-construction-october-2016-11-aerial-over-woodward

AUBURN HILLS, Mich. – Detroit Pistons owner Tom Gores says the team is ”very close to a deal” to move downtown.

The Pistons have been in talks about playing at the Detroit Red Wings‘ new arena, not far from where the Tigers and Lions also have their home games. Gores said before Friday night’s home opener that there’s no deal yet, but the team is serious about the move. He said if the move occurs, it’s fair to say the Pistons would plan to start playing downtown next season.

The Pistons have played at The Palace of Auburn Hills since 1988. Prior to that, the team played at the Pontiac Silverdome for a decade. The Pistons played downtown when they called Cobo Arena home from 1961-78.

12

Pop keeps it real.

Boban Marjanovic enjoyed playing with the San Antonio Spurs in his first NBA season, and hoped to stay with the team after his deal expired at the conclusion of 2015-16.

However, in free agency, the 7-foot-3 center received an offer to join the Detroit Pistons on a three-year deal worth $21 million.

However, the Spurs couldn’t give him anywhere close to that much money.

“We knew he was gone,” head coach Gregg Popovich told Jeff McDonald of the San Antonio Express-News.

Pop was the one who broke the news to Marjanovic, who earned $1.2 million and posted a glistening PER of 27.7 in limited time off the bench last season.

“He’s such a good kid, at some point I had to work to get him to understand that $21 million was different than $3 million,” the bench boss recalled. “I said, ‘Get your ass out of here. Go. You’ve got to do it.’ But he felt bad.”

The Serbian big man heeded the advice, heading to Motown.

“My first wish was to stay (in San Antonio),” Marjanovic said. “But this is good now. I think I made a good decision.”

Popovich is sad to see him go, but understands it’s part of the business.

“It happens to every team,” he said. “You lose a guy because you have to pay people and you can’t pay them all.”

detroit-pistons10

The Detroit Pistons ended their six-year playoff drought in 2015-16. Rather than setting goals to move up from the eighth seed this upcoming campaign, they’re focused on simply making a return to the postseason.

“I’ve said that to our guys, quite honestly, that we’ll have to be a little bit better just to make the playoffs again,” head coach Stan Van Gundy told Keith Langlois of Pistons.com. ” … We were the number eight team. We don’t have a lot of room. So just to get back to where we were will take work.”

The race was tight in the East last season, with just seven wins separating the eight teams seeded No. 3-10. Van Gundy expects the competition to get even stiffer conference-wide and Ws to become even harder to come by, as the squads at the bottom in 2015-16 improved over the offseason.

Philly is not going to win 10 games this year,” he said. “They’re going to win more games – significantly more games. So that’s taking wins from everybody. If you look at what Brooklyn has done lately in their moves, they’re going to be able to win more games. A lot of those teams that were out of the playoffs – Milwaukee will be better, Orlando will be better, New York will be better. It’ll be harder to put up big victory numbers.”

The Pistons had a 14-4 record against those clubs, helping them finish with 44 victories. Van Gundy’s banking on the internal growth of his young group to propel them forward.

“I’m optimistic about the year, but I’m also realistic about the fact that we’re going to have to be better. We can’t be where we were last year,” he added.