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.
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