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He will move them to Seattle don't care what anyone says.
2013-2014 NBA Season Thread - Congrats to the Spurs, DBD is still a buster
- Thread in 'Sports & Training' Thread starter Started by big j 33,
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That would be so cool
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Yes sir.
How are the Spurs favored by 3? I must've heard that wrong on the way home. They are about to get their head beat to the white meat
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I read this in my imaginary Clay Bennett voice tbh.
I have no idea what he sounds like, but I imagine he kinda sounds like the principal from Eastbound and Down
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Ballmer runnin around his house like this right now
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Read an article today that they're expecting Lance to suggest a $10mill contract this offseason.. if that's the case his *** is gone
I don't want to see him leave, but at the same time that's kind of a hefty price tag. We ****** up by giving George Hill $8 mill per year
You definitely did **** up by giving Hill 8.
Lance definitely getting 10 from somebody, he getting the Tyreke deal.
elpablo21
Supporter
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C'mon man, you really think there's even a slight possibility of them moving to Seattle?
The league's actions have made it loud and clear we're only getting a team back through expansion.
I read this in my imaginary Clay Bennett voice tbh.
I have no idea what he sounds like, but I imagine he kinda sounds like the principal from Eastbound and Down
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True indeed but the numbers don't add up. The arena deal sucks (Lakers get all the money) so Balmer is basically banking on the TV deal to bring in the lion share of revenue but even that deal won't bring the value up to 2 bil.
At the end of the day it's his money so he can do what he wants and if he thinks it's worth 2 bil more power to him, but think about this. The New England patriots are valued at 1.6 billion. Do you really think the Clippers are worth more than the Patriots?
ohmygosher
Banned
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2B. :x
yeezusdisciple
Banned
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Sorry brah just hate the clippers Nd cp0If the garbage second round exit clippers clippers are worth 2mill imagine how much other teams are worth.
Lakers didnt eem get in the playoffs and prolly worth more than that garbage
You mad?
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league would never approve that
if he tried something slick like that nba would probably ban him for life
hes already rubbed them the wrong way from the kings deal
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[/quote]
How can that be right?
Bucks were 550 mil, right?
The other 4 teams didn't make it to 1.5 bil? How?
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detroit pistons are worth about as much as a city block in downtown detroit prob
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Read an article today that they're expecting Lance to suggest a $10mill contract this offseason.. if that's the case his *** is gone.
I don't want to see him leave, but at the same time that's kind of a hefty price tag. We ****** up by giving George Hill $8 mill per year
You definitely did **** up by giving Hill 8.
Lance definitely getting 10 from somebody, he getting the Tyreke deal.
Yeah and end up playing for a sorry *** team
. Real talk though I can see the Pelicans being nice next year if they can stay healthy.Holiday x Evans x Gordon x Davis :x
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You're still not getting it. You're tossing out these reported "values" like they mean something. The Seattle Mariners were valued at one amount a few years back (by Forbes), and when one of the minority owners went through a divorce, the court discovered the actual value was a couple hundred million more dollars. And if someone wanted to actually buy the team, it could go for even more, depending on how badly someone wanted it.
The Clippers are worth $2 billion to Steve Ballmer, and the Patriots might be worth $2.5 billion to someone who wants to buy them.
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The other 4 teams all sold for around $300 mil I believe. Just short of a collective $1.5 bil
Not sure why Daniels didn't include the Kings sale, probably would have took the group over $1.5 bil.
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chuck is dead wrong for that
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:x
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Bucks: $550M
Pistons: $325M
Grizz: $377M
Pelicans: $340M
76ers: $287M
=
Roughly $1.9B. Just a bit under.
Also...if you're asking "why $2 billion for the Clippers?"...check this out:
Pistons: $325M
Grizz: $377M
Pelicans: $340M
76ers: $287M
=
Roughly $1.9B. Just a bit under.
Also...if you're asking "why $2 billion for the Clippers?"...check this out:
There are a host of NBA-specific and non-NBA factors driving the Clippers’ sale price as the league looks to untangle itself from Donald Sterling. Here are a few of the most important.
1. The 2011 collective bargaining agreement between players and owners decreased players’ share of revenue from 57% to 50%. Revenue sharing from high revenue teams to those less fortunate also more than tripled. It is almost impossible to lose money in the current NBA, barring a Mikhail Prokhorov-like spending spree.
2. The NBA is poised to sign new national TV pacts that are expected to at least double the annual average of $930 million from current partners ESPN/ABC and TNT. The NBA is one of the last major TV sports packages that is not already locked up beyond 2020. Bidding is expected to be fierce for one of the remaining DVR-proof properties on TV.
3. The Los Angeles Lakers displayed what is possible on the local TV level with their Time Warner Cable TWC +0.54% deal signed in 2011. The pact is expected to generate $5 billion over 25 years for the purple and gold. Los Angeles’ baseball teams inked $8.5 billion (Dodgers) and $3 billion (Angels) deals in recent years.
4. The Clippers’ current TV deal with Fox Prime Ticket is worth roughly $20 million a year and expires after the 2015-16 season. Experts think the team could get $60-75 million under a new deal.
5. With apologies to the global ambitions of the NFL and MLB, the NBA is the game most likely to prosper on the world stage. There are 300 million people in China alone who play basketball.
6. The value of all businesses have increased and companies and people are flush with cash. Facebook just paid $19 billion for messaging company WhatsApp, which generated $20 million in revenue last year. The S&P 500 is up 282% since the stock market lows of March 2009. Stocks are currently trading at 15 times forward earnings compared to roughly 10 times in 2011, according to Thomson Reuters I/B/E/S.
7. Soaring asset prices have fueled the number of rich people on the planet. Forbes reported a record 1,645 billionaires on the planet in March with an aggregate net worth of $6.4 trillion. There were 793 people on our list of the World’s Billionaires with a collective net worth is $2.4 trillion five years ago in the depths of the recession
8. If you want to own an NBA franchise in the L.A. market, this might be your only chance. The Clippers and Lakers are the two longest tenured franchises with Sterling’s 1981 purchase of the Clippers for $12.5 million in 1981 and Jerry Buss’ Lakers acquisition for $20 million in 1979 (the Lakers’ are now owned by a trust controlled by his Buss’ children after his 2013 death).
9. Sports team sales are often done in the privacy of lawyers’ offices with the leagues having significant influence on the process. At this stage, the Clippers’ sale is working like an auction with a shingle on the door letting everyone know the team is for sale (this could change next week when the NBA votes to terminate Donald Sterling’s ownership). We saw how an auction unfolded with the Dodgers with initial expectations expecting the team to fetch in the $1 billion range before eventually selling for $2 billion.
10. Ego is always a factor in sports team transactions. The NBA is hot right now fueled by global stars like LeBron James and Kevin Durant. Sitting courtside with the keys to the castle is a powerful drug. The Clippers are not likely to generate substantial profits (they have averaged $11 million over the past five years), but if you are Ballmer (net worth: $20 billion) or Larry Ellison (net worth: $50 billion), you can afford to park $1 billion in something that won’t generate much of a return. Call it asset allocation in a world where 10-year Treasury yields are only 2.5%.
With all of the above said, it is hard to make financial logic of a $2 billion sale price for the Clippers (revenue is less than half of the Dodgers even before the Dodgers new TV deal kicks in). Yes, the Clippers are hot right now with stars like Chris Paul and Blake Griffin, and the Lakers are down and out. But the Clippers’ arena situation as a tenant in the Staples Center limits their revenue from concessions, suites, parking, advertising and naming rights. The team does not get any non-basketball event revenue from Staples. The most recent NBA sales were the Milwaukee Bucks ($550 million), Kings ($534 million), Memphis Grizzlies ($377 million), New Orleans Pelicans ($340 million), Toronto Raptors (an estimated $400 million as part of the sale of Maple Leaf Sports & Entertainment) and 76ers ($287 million). All were sold since 2011. Yet, logic is not always part of the equation when it comes to sports teams.
http://www.forbes.com/sites/kurtbad...-1-billion-bids-for-the-los-angeles-clippers/
1. The 2011 collective bargaining agreement between players and owners decreased players’ share of revenue from 57% to 50%. Revenue sharing from high revenue teams to those less fortunate also more than tripled. It is almost impossible to lose money in the current NBA, barring a Mikhail Prokhorov-like spending spree.
2. The NBA is poised to sign new national TV pacts that are expected to at least double the annual average of $930 million from current partners ESPN/ABC and TNT. The NBA is one of the last major TV sports packages that is not already locked up beyond 2020. Bidding is expected to be fierce for one of the remaining DVR-proof properties on TV.
3. The Los Angeles Lakers displayed what is possible on the local TV level with their Time Warner Cable TWC +0.54% deal signed in 2011. The pact is expected to generate $5 billion over 25 years for the purple and gold. Los Angeles’ baseball teams inked $8.5 billion (Dodgers) and $3 billion (Angels) deals in recent years.
4. The Clippers’ current TV deal with Fox Prime Ticket is worth roughly $20 million a year and expires after the 2015-16 season. Experts think the team could get $60-75 million under a new deal.
5. With apologies to the global ambitions of the NFL and MLB, the NBA is the game most likely to prosper on the world stage. There are 300 million people in China alone who play basketball.
6. The value of all businesses have increased and companies and people are flush with cash. Facebook just paid $19 billion for messaging company WhatsApp, which generated $20 million in revenue last year. The S&P 500 is up 282% since the stock market lows of March 2009. Stocks are currently trading at 15 times forward earnings compared to roughly 10 times in 2011, according to Thomson Reuters I/B/E/S.
7. Soaring asset prices have fueled the number of rich people on the planet. Forbes reported a record 1,645 billionaires on the planet in March with an aggregate net worth of $6.4 trillion. There were 793 people on our list of the World’s Billionaires with a collective net worth is $2.4 trillion five years ago in the depths of the recession
8. If you want to own an NBA franchise in the L.A. market, this might be your only chance. The Clippers and Lakers are the two longest tenured franchises with Sterling’s 1981 purchase of the Clippers for $12.5 million in 1981 and Jerry Buss’ Lakers acquisition for $20 million in 1979 (the Lakers’ are now owned by a trust controlled by his Buss’ children after his 2013 death).
9. Sports team sales are often done in the privacy of lawyers’ offices with the leagues having significant influence on the process. At this stage, the Clippers’ sale is working like an auction with a shingle on the door letting everyone know the team is for sale (this could change next week when the NBA votes to terminate Donald Sterling’s ownership). We saw how an auction unfolded with the Dodgers with initial expectations expecting the team to fetch in the $1 billion range before eventually selling for $2 billion.
10. Ego is always a factor in sports team transactions. The NBA is hot right now fueled by global stars like LeBron James and Kevin Durant. Sitting courtside with the keys to the castle is a powerful drug. The Clippers are not likely to generate substantial profits (they have averaged $11 million over the past five years), but if you are Ballmer (net worth: $20 billion) or Larry Ellison (net worth: $50 billion), you can afford to park $1 billion in something that won’t generate much of a return. Call it asset allocation in a world where 10-year Treasury yields are only 2.5%.
With all of the above said, it is hard to make financial logic of a $2 billion sale price for the Clippers (revenue is less than half of the Dodgers even before the Dodgers new TV deal kicks in). Yes, the Clippers are hot right now with stars like Chris Paul and Blake Griffin, and the Lakers are down and out. But the Clippers’ arena situation as a tenant in the Staples Center limits their revenue from concessions, suites, parking, advertising and naming rights. The team does not get any non-basketball event revenue from Staples. The most recent NBA sales were the Milwaukee Bucks ($550 million), Kings ($534 million), Memphis Grizzlies ($377 million), New Orleans Pelicans ($340 million), Toronto Raptors (an estimated $400 million as part of the sale of Maple Leaf Sports & Entertainment) and 76ers ($287 million). All were sold since 2011. Yet, logic is not always part of the equation when it comes to sports teams.
http://www.forbes.com/sites/kurtbad...-1-billion-bids-for-the-los-angeles-clippers/
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Yup. Dude left out the Kings because it would have put that group at around $2.4B.
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Do they evaluate these people in any way or just hand it to the highest bidder?
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