The Pistons haven't been sold yet, but venture capitalist Tom Gores may be closer to purchasing the team.

The 30-day exclusive negotiating period between the Pistons and Gores is drawing to a close, but the league said talks have continued.

"The parties are continuing to work towards completion of a deal," said Mike Bass, senior vice president of marketing communications for the NBA.

Gores has signed a non-disclosure agreement with the Pistons and Citi Private Bank, which is the agent for Karen Davidson, the principal owner of the team and Palace Sports & Entertainment.