$2 Billion a Ridiculous Price for the Clippers

Friday, 30 May 2014 | by Pat's Picks

With word coming that former Microsoft chief executive Steve Ballmer has agreed to buy the Los Angeles Clippers for $2 billion, USA Today’s Nancy Armour says Ballmer is overpaying for the team. The current record for an NBA franchise was set just a few weeks ago, when the Milwaukee Bucks were sold for $550 million. Armour says the Clippers’ economics don’t justify that price - especially since as tenants at the Staples Center, they don’t get any non-basketball revenue.

SOURCE: USA Today