Archive for April 8th, 2011

Jason Terry freaks out on Mavs bench

Jeff Caplan of reports:

Jason Terry freaks out on Mavs bench

It was a drama-filled second quarter with Jason Terry getting in the face of teammate J.J. Barea during a timeout and then coach Rick Carlisle emphatically pointing at Terry seated on the bench before tossing Terry out of the huddle.

Terry angrily removed himself to a seat at the end of the bench where owner Mark Cuban quickly met him and began trying to cool him down. Cuban again spoke with Cuban on the court during the next timeout. This all transpired at the 9:54 mark of the second quarter with the Mavs trailing the Los Angeles Clippers, 39-25. Terry remained planted at the end of the bench the rest of the way while his teammates clawed back from an embarrassing first quarter in which L.A. scored 35 points and led by 16.

Brian Windhorst of reports:

Tinker Hatfield is the Michael Jordan of designers at Nike, a legend in the shoe design field and the guy who runs the company’s “Innovation Kitchen.” He also, apparently, is not a fan of LeBron James’ associates.

Hatfield rarely does interviews and guards his secrets closely. But he did a private appearance at a Miami shoe store last week in which he took some questions from customers. During the session, which was recorded and posted on YouTube, Hatfield said he stopped personally developing James’ signature shoes because he didn’t like dealing with those around James.

“I don’t like working with LeBron’s entourage,” Hatfield said. “It’s too many people, too many ideas, too many opinions.”

It is the second time in the last six months Hatfield has publicly taken a shot at James various friends and managers. During a similar event last October in Santa Monica, Calif., Hatfield told a group of listeners at a shoe store that “I used to work on LeBron’s, until his entourage kind of pissed me off.”

Read fan reaction and discuss your own opinion in this forum topic.

Karen Davidson and Tom Gores reach agreement on sale of Detroit Pistons

Palace Sports and Entertainment (PS&E) and Detroit Pistons Basketball Company (DPBC) owner Karen Davidson today announced a definitive agreement to sell PS&E, DPBC, and their respective assets – including the NBA’s Detroit Pistons, The Palace of Auburn Hills, DTE Energy Music Theatre and the operating rights to Meadow Brook Music Festival – to financier Tom Gores and his investment firm, Platinum Equity.

Terms of the agreement, which is still subject to review and approval by the NBA’s Board of Governors, were not disclosed.

“We are pleased to welcome Tom Gores as the new owner of the Detroit Pistons and Palace Sports and Entertainment,” said Karen Davidson. “Just as my late husband, Bill Davidson, was the face of the Pistons, I am confident that Tom will bring the same energy, dedication and love to this organization. I look forward to seeing Tom follow in Bill’s footsteps, and carry on his legacy.”

“From the Pistons players, coaches and front office, who helped bring home three world championships, to the management and staff at the Palace, DTE and Meadow Brook, who earned us international recognition, we look forward to facilitating a smooth transition under Tom and achieving even greater success in the future.”

Mr. Gores is the Chairman and CEO of Platinum Equity, a global investment firm whose holdings include 34 portfolio companies in such diverse business sectors as technology, media and entertainment, industrials, metals processing, automotive supply, and distribution and logistics.

The firm specializes in navigating complex business environments, and Mr. Gores said he sees great potential for revitalizing PS&E and the Pistons franchise.

“I am very proud to have this opportunity to be part of such a tremendous organization,” Mr. Gores said. “I know it’s been a long process and I appreciate the patience and support of the Detroit community. I have been impressed with the Davidson family and the way it has protected and built such a storied franchise. I grew up here, I am glad to be back, and I am very excited about all the possibilities looking forward.”

Comerica Bank, a longtime financing partner of Platinum Equity, will provide financing on the transaction. The transaction is expected to close by June 30, pending league approval and normal closing conditions.

Citi Private Bank’s Sports Advisory group acted as sell-side advisor on the transaction.

Outside of these statements, all parties have agreed to continue to abide by the terms of their confidentiality agreement pending final close of the transaction.

Andre Miller hits 7,000 career assists

Steve Luhm of the Salt Lake Tribune reports:

Andre Miller hits 7,000 career assists

Miller became the 14th player in NBA history with at least 7,000 assists during Portland’s 98-87 win over the Jazz at EnergySolutions Arena.

In 1998, Miller quarterbacked the University of Utah’s run to the NCAA championship game, where the Utes lost to Kentucky.

A year later, Cleveland selected Miller with the No. 8 pick in the NBA draft. He was taken after two other point guards, Steve Francis and Baron Davis, who went second and third, respectively.

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