Tom Gores State of the Pistons

[A_dub06]

People are grossly underestimating how much money Gores has lost

They forget he revamped the Palace for like 50-75M then just shut the doors, also signing a no compete clause when it came to concerts with LCA, not sure how that will go down when he sells the team and the Palace in a few years

Overall, he has shown himself to be as big of an idiot, if not bigger, than Vivek

Not at all challenging your opinion on Gores being an idiot, but Gores purchased the team in 2011 for a reported amount of $325m. Forbes currently values the team at $1.1b (https://www.forbes.com/teams/detroit-pistons/). So unless you actually believe Gores has spent more than $775m, he has actually in fact made a crap load of money by doing nothing more than simply owning an asset that appreciated.

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Gores got a deal on the Pistons but not the kind of deal you are making it out to seem like

He definitely paid less than what Davidson was asking but not by 700-800M

What happened is the value of each NBA franchise shot through the roof when Balmer coughed up 2B for the Clippers

He lost 50M last year and probably more this year. Bottom line is he got lucky buying the Pistons when he did and now is running the team into the ground when he could be turning at least some sort of a profit and preventing the team from being an utter embarrassment.

The move to Downtown was beyond idiotic (still unreal to me how the Palace doors are locked for good), pushing for the playoffs instead of building for the future, throwing away 35M on SVG and not firing him when **** went south, the list goes on and on.

Id like to see him sell it to a true basketball fan. For how many people like to make fun of Balmer look at him during the games. He is deeply invested in his team. Gores is Vivek 2.0 except his stupidity is masked by SVG and crew.

https://www.google.com.au/amp/s/www.forbes.com/sites/stevenbertoni/2011/09/21/tom-gores-on-buying-the-detroit-pistons/amp/

Forbes even states the sale of the Pistons in 2011 to Tom Gores was $325m. Davidson wasn’t asking for $1.1b because back then she wouldn’t have gotten that amount. There were several factors that went into the value of NBA franchises skyrocketing but that isn’t what we are discussing, we are discussing your point that Tom Gores has lost money which is irrefutably false. $1.1b - $325m = a $775m capital gain. Please feel free to explain how its "not the kind of deal you are making it out to seem like".

Yes Gores is an egotistical idiot

Yes he lucked into gaining a significant amount of money simply via appreciation

Yes he should sell it so someone who actually cares about basketball and wants to build for a dynasty and not a playoff appearance.

But Gores has not lost money despite all of his decisions despite how bad some of them have been, and in fact has made over half a billion by owning the team.


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[Javier Acosta]

I never saw him before. He has an awesome young Christopher Walken look and a cool voice.

[ImHeisenberg]

Id like to see him sell it to a true basketball fan. For how many people like to make fun of Balmer look at him during the games. He is deeply invested in his team. Gores is Vivek 2.0 except his stupidity is masked by SVG and crew.

I've said it multiple times- we're the Kings of the east. Moron owner pushing bad, short sighted self serving demands on a staff that can't realistically accomplish them with what little they have in terms of assets.

Barring some amazing long-shot dumb luck, this team will always be a **** show with Gores as the owner.

[whitehops]

I've said it multiple times- we're the Kings of the east. Moron owner pushing bad, short sighted self serving demands on a staff that can't realistically accomplish them with what little they have in terms of assets.

Barring some amazing long-shot dumb luck, this team will always be a **** show with Gores as the owner.

vivek meddles in basketball ops when he was no clue what he's talking about. gores might not know a lot about basketball but he isn't meddlesome.

if anything he's been similar to what prokhorov was to the nets, essentially setting the order (to billy king in brooklyn, SVG here) that losing was not an option and giving freedom to make whatever moves necessary.

[bstein14]

It feels like tomorrow is the deadline for Gores to fire SVG. Perhaps he took the weekend to think on it but if SVG isn't gone soon he's here to start the season which I feel is bad for this franchise because the players need a new voice. Its become clear that many of the players have grown tired of what SVG has been preaching to them.

[Warspite]

Several mocks had Kennard above Mitchell, so it wasn't like luke was a huge stretch. It wasn't like Mitchell had a big draft night fall. Most people had him going within a pick or 2 of where he went.

It's fine if you support a draft strategy of "Get the guy with the most upside" and not worry about position or fit. That would have meant drafting SJ and Mitchell. You can't really argue for booker over SJ because of shooting then. SJ was seen as a higher upside guy.

Personally, I'm fine with the high risk / high reward picks. Especially in the spots where we've drafted. The reality of that strategy is that you'll get more busts than stars. SJ looked like a bulldog coming in and everyone was thinking "man, he's going to be tough when he improves that jumper and settles down". 3 years later, he's still super raw. You just have to be fine with that and hope you hit on the next guy. One big steal can turn a franchise around.

What you're talking about is internet mock drafts.

It's an NBA team's front office's job to be better than internet mock drafts and projections that we as fans can see. Otherwise anyone with google chrome would be qualified to make draft and player personnel decisions.

It's still totally fair to criticize our front office for missing on draft picks even if the projections we can see agreed with our picks at the time.

I apologize for being slightly obtuse but IMHO if we bring in the top 10 posters per subject on RealGM they have more knowledge and expertise than every NBA front office. Outside of personal interviews and workouts, I don't think there is anything on NBA front office hard drives that is better than what can be found on RealGM.

[Warspite]

Not at all challenging your opinion on Gores being an idiot, but Gores purchased the team in 2011 for a reported amount of $325m. Forbes currently values the team at $1.1b (https://www.forbes.com/teams/detroit-pistons/). So unless you actually believe Gores has spent more than $775m, he has actually in fact made a crap load of money by doing nothing more than simply owning an asset that appreciated.

Sent from my iPhone using RealGM mobile app

Gores got a deal on the Pistons but not the kind of deal you are making it out to seem like

He definitely paid less than what Davidson was asking but not by 700-800M

What happened is the value of each NBA franchise shot through the roof when Balmer coughed up 2B for the Clippers

He lost 50M last year and probably more this year. Bottom line is he got lucky buying the Pistons when he did and now is running the team into the ground when he could be turning at least some sort of a profit and preventing the team from being an utter embarrassment.

The move to Downtown was beyond idiotic (still unreal to me how the Palace doors are locked for good), pushing for the playoffs instead of building for the future, throwing away 35M on SVG and not firing him when **** went south, the list goes on and on.

Id like to see him sell it to a true basketball fan. For how many people like to make fun of Balmer look at him during the games. He is deeply invested in his team. Gores is Vivek 2.0 except his stupidity is masked by SVG and crew.

https://www.google.com.au/amp/s/www.forbes.com/sites/stevenbertoni/2011/09/21/tom-gores-on-buying-the-detroit-pistons/amp/

Forbes even states the sale of the Pistons in 2011 to Tom Gores was $325m. Davidson wasn’t asking for $1.1b because back then she wouldn’t have gotten that amount. There were several factors that went into the value of NBA franchises skyrocketing but that isn’t what we are discussing, we are discussing your point that Tom Gores has lost money which is irrefutably false. $1.1b - $325m = a $775m capital gain. Please feel free to explain how its "not the kind of deal you are making it out to seem like".

Yes Gores is an egotistical idiot

Yes he lucked into gaining a significant amount of money simply via appreciation

Yes he should sell it so someone who actually cares about basketball and wants to build for a dynasty and not a playoff appearance.

But Gores has not lost money despite all of his decisions despite how bad some of them have been, and in fact has made over half a billion by owning the team.


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Capitol gain is not profit. If your house goes up 20k nobody hands you a check and the only way you can get that money is to borrow it in which you have to pay it back with interest or sell. The only year that Gores will ever be in the Black is the year in which he sells the Pistons. That my friend is not making money. If Gores wanted to make money he simply could have bought bitcoins or silver or gold or facebook. Gores is a Flintstone and those people (myself included) should not be underestimated nor there love/appreciation for the institutions that bind the Michigan community so maligned.

[Kntrl]

im confused why everyone thinks Gores is a bad owner. Because of the Blake Trade? Thats not that good of a reason imo. Hiring SVG was considered a good move across the nba until just recently.

[Crymson]

vivek meddles in basketball ops when he was no clue what he's talking about. gores might not know a lot about basketball but he isn't meddlesome.

Gores was undoubtedly behind the Griffin trade. Given that the directive was clearly to bring a star to Detroit, the trade itself making absolutely zero basketball or financial sense, Gores's Prokhorov-esque tweet after the trade, and Gores celebrating at Griffin's first game as if he'd just won a championship, it's clear that he was the driving force behind that affair. And he's spent his entire time as owner tossing out "WIN NOW!" directives at his general managers, neither of whom was competent. He's an awful owner who wanted his money without putting in the time to build a viable brand, and the result has been two disasters in a row. I can't imagine how long it'll take to dig the team out of its current doldrums.

im confused why everyone thinks Gores is a bad owner. Because of the Blake Trade? Thats not that good of a reason imo. Hiring SVG was considered a good move across the nba until just recently.

He's refused to allow a proper rebuild. Both Dumars and Van Gundy were told to rebuild on the fly. Gores has insisted on taking shortcuts to a viable team, and the result has predictably been a disaster---one not helped by the incompetence of the managers he's hired.

The Pistons have been second only to the Kings among the NBA's laughingstocks over the past ten seasons, and there's no end in sight. Gores has had a major hand in that.

[A_dub06]

Gores got a deal on the Pistons but not the kind of deal you are making it out to seem like

He definitely paid less than what Davidson was asking but not by 700-800M

What happened is the value of each NBA franchise shot through the roof when Balmer coughed up 2B for the Clippers

He lost 50M last year and probably more this year. Bottom line is he got lucky buying the Pistons when he did and now is running the team into the ground when he could be turning at least some sort of a profit and preventing the team from being an utter embarrassment.

The move to Downtown was beyond idiotic (still unreal to me how the Palace doors are locked for good), pushing for the playoffs instead of building for the future, throwing away 35M on SVG and not firing him when **** went south, the list goes on and on.

Id like to see him sell it to a true basketball fan. For how many people like to make fun of Balmer look at him during the games. He is deeply invested in his team. Gores is Vivek 2.0 except his stupidity is masked by SVG and crew.

https://www.google.com.au/amp/s/www.forbes.com/sites/stevenbertoni/2011/09/21/tom-gores-on-buying-the-detroit-pistons/amp/

Forbes even states the sale of the Pistons in 2011 to Tom Gores was $325m. Davidson wasn’t asking for $1.1b because back then she wouldn’t have gotten that amount. There were several factors that went into the value of NBA franchises skyrocketing but that isn’t what we are discussing, we are discussing your point that Tom Gores has lost money which is irrefutably false. $1.1b - $325m = a $775m capital gain. Please feel free to explain how its "not the kind of deal you are making it out to seem like".

Yes Gores is an egotistical idiot

Yes he lucked into gaining a significant amount of money simply via appreciation

Yes he should sell it so someone who actually cares about basketball and wants to build for a dynasty and not a playoff appearance.

But Gores has not lost money despite all of his decisions despite how bad some of them have been, and in fact has made over half a billion by owning the team.


Sent from my iPhone using RealGM mobile app

Capitol gain is not profit. If your house goes up 20k nobody hands you a check and the only way you can get that money is to borrow it in which you have to pay it back with interest or sell. The only year that Gores will ever be in the Black is the year in which he sells the Pistons. That my friend is not making money. If Gores wanted to make money he simply could have bought bitcoins or silver or gold or facebook. Gores is a Flintstone and those people (myself included) should not be underestimated nor there love/appreciation for the institutions that bind the Michigan community so maligned.

As a former tax accountant I’m well aware of what constitutes a capital gain, revenue, profit and loss. While yes, the appreciation in the organisation will not materialise into a check handed to him or transfer into his bank account until the point of sale, the value of an NBA franchise isn’t going to go down, it’s only going to go up. Comparing owning a team to such a volatile investment like bitcoin sells short how much of a proven exclusive commodity NBA ownership is. The appreciation also creates additional equity (not that Gores needs it) which could then be used to invest elsewhere so yeah, not an upfront cheque but pretending like the appreciation gives him zero immediate benefit is false. If you want to play into semantics I’ll rephrase, Tom Gores net worth went up by $775m from the appreciation in the Pistons value.

I do thInk though that Gores holding onto the team even after a $775m appreciation shows he’s not in this for financial gain but his ties to Michigan like you’ve said.


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[buzzkilloton]

vivek meddles in basketball ops when he was no clue what he's talking about. gores might not know a lot about basketball but he isn't meddlesome.

Gores was undoubtedly behind the Griffin trade. Given that the directive was clearly to bring a star to Detroit, the trade itself making absolutely zero basketball or financial sense, Gores's Prokhorov-esque tweet after the trade, and Gores celebrating at Griffin's first game as if he'd just won a championship, it's clear that he was the driving force behind that affair. And he's spent his entire time as owner tossing out "WIN NOW!" directives at his general managers, neither of whom was competent. He's an awful owner who wanted his money without putting in the time to build a viable brand, and the result has been two disasters in a row. I can't imagine how long it'll take to dig the team out of its current doldrums.

im confused why everyone thinks Gores is a bad owner. Because of the Blake Trade? Thats not that good of a reason imo. Hiring SVG was considered a good move across the nba until just recently.

He's refused to allow a proper rebuild. Both Dumars and Van Gundy were told to rebuild on the fly. Gores has insisted on taking shortcuts to a viable team, and the result has predictably been a disaster---one not helped by the incompetence of the managers he's hired.

The Pistons have been second only to the Kings among the NBA's laughingstocks over the past ten seasons, and there's no end in sight. Gores has had a major hand in that.

Well we know for a fact that SVG has been very vocal against tanking. One of the most vocal in ITL against it. So no way he was going to want to tank regardless for a rebuild. Hes way to old school for that.

Not saying Gores isnt the same way. Just that SVG also has that same mentality of chase the 8 seed because u gotta go for it!