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Forbes values Pistons at $400 million, 22nd in NBA

Forbes released its annual valuation valuations of NBA teams, and the Pistons ranked 22nd at $400 million.

When Tom Gores bought the franchise in 2011, reports varied whether he spent $325 million or $420 million. So, I’d suppose these types of projections – though not necessarily Forbes’ specifically – are a big deal to him.

Personally, it doesn’t affect me one bit how much the Pistons are worth – as long as they’re making enough profit to put a quality product on the floor and not asking taxpayers to fund them. Currently, the Pistons are an above-median spender (the problems are due to spending unwisely rather than not spending) and own their arena, so in that regard, I’m happy.

Maybe the Pistons will seek to limit costs this summer, when they could choose to save rather than fully use their cap room, but we’ll cross that bridge if we come to it.

8 Comments

  • Jan 23, 20134:40 pm
    by Anthony

    Reply

    Anyone else notice in the full list that Brooklyn has a running cost of -$16M? How does that work?  Not that it matters, just curious. 

    • Jan 23, 20135:13 pm
      by Jon

      Reply

      they have a russian billionaire owner who doesn’t care how much he spends

  • Jan 23, 20135:48 pm
    by DasMark

    Reply

    The Pistons definitely shouldn’t look to spend for the sake of spending this summer. The free agent pool is weak. Pick up a nice and cheap role player like Brandon Wright and shore up the rest of the roster with low cost players, and hope to facilitate a trade like Cleveland just did with Memphis where a team just hands over quality players and a 1st rounder to save them money. 

    • Jan 23, 20136:10 pm
      by ryan

      Reply

      I agree with that point of view and I like Brandon Wright as well. Spending just to spend got us Ben Gordon and Charlie Villanueva so if we don’t have any better option we ought to save and plan.
       

      • Jan 23, 20138:24 pm
        by tarsier

        Reply

        Don’t spend for the sake of spending. But there are valuable FAs out there. Smith, Jefferson, Millsap, even Calderon. Any of them on a decent contract will have more trade value than cap space to facilitate a Cleveland-Memphis type deal.

      • Jan 23, 20138:26 pm
        by tarsier

        Reply

        If you have Millsap at $12M/yr, you can fetch more for that than a $12M expiring deal and one late draft pick. More like the expiring, a couple draft picks, and a limited value prospect.

      • Jan 23, 20138:26 pm
        by tarsier

        Reply

        If you have Millsap at $12M/yr, you can fetch more for that than a $12M expiring deal and one late draft pick. More like the expiring, a couple draft picks, and a limited value prospect.

  • Jan 23, 20139:09 pm
    by tarsier

    Reply

    Shockingly, the Pistons are playing well with Monroe and Drummond both in.

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