Tom Gores Rumors
“I needed a challenge,” Tellem said Sunday afternoon. “I needed a personal challenge. And I need to live with a purpose in my life. To me, this gave me a greater purpose.” And so Tellem, after weeks of anguish and thought — “I’m an emotional basket case right now,” he said — pulled the trigger last week, and accepted Pistons’ owner Tom Gores’ offer to become Vice Chairman of Palace Sports and Entertainment.
“The primary part of his job’s gonna be in doing things for the financial welfare of the organization and expanding business and again, that all comes down to negotiating things, too, whether it’s TV contract or whatever,” Van Gundy said. “I think you’ve got a guy who understands the business of sports – particularly our league – so that has to have great value to us.”
Tellem will be charged with big picture issues – negotiating future TV contracts, assisting PS&E and Pistons owner Tom Gores in exploring ways to grow business interests in the area and other responsibilities. But Tellem brings more than 30 years of contacts in the NBA and Van Gundy can see a scenario where a former client calls Tellem to get an opinion on the Pistons organization. And Van Gundy will take that help. “I would think they’d have great trust in him,” Van Gundy told the Free Press. “It’s certainly an advantage. There’s no question about that.”
“The decision to change careers was in one sense a difficult one, because I am leaving a terrific job with great clients and an outstanding leader in Casey Wasserman, who I believe runs the finest sports marketing and talent company in the business,” Tellem said. “But in another sense it was an easy decision, because I am joining another great organization with an outstanding leader in Tom Gores, who is committed to ensuring Palace Sports & Entertainment is a championship organization both on the court and in the community.”
Tellem, 61, will report directly to PS&E and Detroit Pistons owner Tom Gores and will be expected to spearhead Palace business strategies as the ownership group enters its fifth year. “Arn is one of the most accomplished and respected sports executives in the world,” Gores said. “He has great passion, integrity and honesty, and he shares my belief that sports can be a catalyst for change in the community. He is an outstanding addition to our leadership team who will help us make a real difference in Detroit.”
One moment Greg Monroe was talking about Pistons owner Tom Gores. The next, the soon-to-be free-agent forward was talking about possibly staying with the Pistons. “I don’t know why people have the notion or the thought that I am just out of here already, like it is one foot out the door,” said Monroe, 24. “At the end of the day, I am going to do what any free agent would do. I will listen to everybody and assess it.”