Not so fast: Detroit News reports sale between Gores and Pistons is still being negotiated

OK, so just to add to the confusion, we’ll start from last night. The Detroit Free Press reported that a sale of the Pistons to Tom Gores had been agreed upon. Shortly after, the Detroit News reported that talks were progressing, but there isn’t a sale agreed upon yet and the negotiating window given to Gores has been extended. Then this morning, Crain’s Detroit Business put out a report which seemed to back the Freep’s initial claim that the sides had agreed.

But not so fast: the Detroit News has now updated its story, seemingly refuting both the report by the Freep and the newer one by Crain’s:

Enough progress has been made that an original exclusive period of 30 days for Gores to negotiate an agreement will now extend through late February, according to sources familiar with the talks. They cautioned that while the sides are moving closer, there’s no agreement on a price and the bargaining has been hard.

So who knows where things are at? If the Detroit News report is the accurate one, I think hopes for getting Gores in place pre-trade deadline seem unlikely. And as Feldman pointed out, the Detroit News has been first on most of the coverage of the Pistons sale throughout this season. I’m not saying the Freep or Crain’s are necessarily inaccurate, but it would seem weird that the News would get scooped at the last minute when they’ve been scooping everyone else on this topic.

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