The 30-day exclusive negotiating period between Pistons owner Karen Davidson and potential buyer Mike Ilitch expired last month.

According to a report by Forbes, they couldn't agree because Ilitch determined the financial status of the Pistons and Palace Sports & Entertainment was inflated.

Forbes has valued the Pistons at $479 million, fourth-highest in the NBA.

However, analysts have expected the selling price to be significantly lower because of Michigan's difficult economy.