The pending sale of the Los Angeles Clippers to Steve Ballmer has dominated headlines this past month not only because of the controversy surrounding previous owner Donald Sterling, but also because of the jaw-dropping price of $2 billion.
What is the significance of paying $2 billion for a franchise?
What is the "normal" price for a team in the NBA? The NFL? Major League Baseball?
How is it that two teams in Los Angeles have been sold for $2 billion in the past three years, while an NFL team once went for only $100?
As it turns out, what goes on in the front office is often just as fascinating as what happens on the field.