Money Matters - Simplified

Detroit Pistons

Pistons' Jerebko ruptures Achilles' tendon

Auburn Hills, Mich. -- Detroit Pistons forward Jonas Jerebko will miss up to six months after partially rupturing his Achilles tendon, the team said Wednesday.

Jerebko sustained the injury when he landed awkwardly on his right leg in the first quarter of the Pistons' first exhibition game Tuesday against the Miami Heat.
The team said Jerebko, a 2009 second-round pick who averaged 9.3 points and six rebounds last year, would have surgery Friday.

The Pistons also confirmed guard Terrico White broke the fifth metatarsal in his right foot during the fourth quarter of Tuesday's pre-season contest.

White is also set for surgery Friday, after which a timeline for his return is to be determined.

Tycoon is top contender to buy Pistons

Detroit -- Merger and acquisitions magnate Tom Gores is looking like the most likely buyer of the Detroit Pistons, sources tell The Detroit News.

The newspaper cites "sources close to the situation" who requested anonymity under a confidentiality agreement for the report. The basketball team has been valued at $479 million.

Gores, 46, and his group have twice visited team offices, the only interested group to do so, the report said. He made another visit Wednesday, but has not yet made a bid.

Pistons re-sign veteran center Wallace

Detroit -- The Detroit Pistons have re-signed veteran center Ben Wallace, the team said Wednesday.

Terms of the deal were not released, but the Detroit Free Press reported the contract is for two years and is worth just under $4 million.

Wallace, 36, played for the Pistons from 2000-06, left as a free agent to sign with Chicago and played with the Bulls for one year before being traded to Cleveland in February 2008.

He played for Cavs for one season, then returned to the Pistons last year to average 5.5 points, 8.7 rebounds and 1.2 blocks in 69 games.

Pistons' Prince out with back injury

Auburn Hills, Mich. -- Detroit Pistons forward Tayshaun Prince's ruptured disc in his lower back has sidelined him indefinitely.

Prince had played in 496 consecutive games before missing an 85-80 win over the Orlando Magic Tuesday.

He was averaging 12.3 points, 5.0 rebounds and 2.3 assists per game this season.

Copyright 2009 by United Press International.