On the heels of the Milwaukee Bucks and Sacramento Kings—two of the NBA's teams with the lowest revenues and smallest markets—each selling for $550 million, the Dallas Mavericks' owner went on air with CNN's Christine Romans and voiced his opinion.
According to Cuban, the Clippers will actually sell for more than $1 billion.
"Acquiring the franchise has gone from rich guys or women being able to write a check for a team, to it being a consortium where you have a lot of stakeholders," explained the outspoken owner, per CNN.com's Chris Isidore.
And it's not as though he's the first person to make this claim:
There are several mitigating factors, including some that will lower the final price, that should ultimately lift the franchise’s value near 10 digits. Among them:
- The Clippers would sell for the price offered by the highest bidder, not the consensus price.
- Forbes’ valuation includes Sterling as the team’s owner. The Clippers could be much more valuable with better ownership.
- If bidders know Sterling does not have the option to take the team off the market, they could offer less than they would if Sterling’s hand wasn’t forced. (This would lower the final price.)
- Buying the team now would bring a high amount of good publicity to the new owners.
It's hard to disagree. And that's why no one really is.
On top of Feldman's reasoning, the Clippers are also just getting better. Blake Griffin, DeAndre Jordan and Chris Paul are both locked in throughout the near future, and with Doc Rivers at the helm, LAC is suddenly going to become a hot destination for marquee, veteran free agents willing to play on lesser contracts.
As good as this team is right now, it's hard to see them doing anything but continuing this upward trend for the next few seasons.
At this point, Cuban isn't making any groundbreaking news by claiming the franchise is going to sell for at least 10 figures. He's just the most notable voice to say so, seeing as he could afford to buy the Clippers at that price and is already part of the ownership club in the Association.
So, who's got a spare billion?
If you're willing to chip that in, I'd be glad to throw an extra Benjamin Franklin onto the pile. Maybe even two.
Hey, I just want to help.
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