Are the Clippers really worth $2 billion? Five things that drove up the price.

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Any time you mentioned the Forbes Magazine NBA franchise valuations to some involved with the league, they scoffed at the numbers. They were seen as wildly inaccurate. (We in the media kept using them because outside of the occasional team sale there were no other good measures.)

Forbes estimated earlier this year that the Los Angeles Clippers were worth $575 million.

Thursday Shelly Sterling agreed to sell the Clippers to Steve Ballmer for $2 billion. (Whether that sale holds up legally remains to be seen.)

That sum raised a lot of eyebrows — are the Clippers really worth $2 billion? Everyone’s first reaction is that it seems high (and if the Clips are worth $2 billion, what are the Lakers worth?).

The easy capitalist answer is that a team is worth whatever someone is willing to pay for it. So, yes, that sense the Clippers are worth $2 billion.

But there are a series of factors that drove up the Clippers price to incredible heights.

• The team is in Los Angeles. L.A. is the second biggest media market in the United States with more than 13 million people in the metropolitan area. More importantly than that, the City of Angels has a whole lot of very rich people — Forbes estimates there are 30 billionaires in Los Angeles County alone, there are more than 200,000 millionaires — and those are the people that buy expensive seats near courtside. There are 14 Fortune 500 companies based in Los Angeles and countless more large corporations with offices there — the kind of companies that buy expensive luxury suites to impress clients. The bottom line is if you put a good product on the court you can sell the expensive seats that are the revenue fuel for professional sports teams in this era. Plus the Clippers have a string of 141 consecutive sell outs going. Yes, Los Angeles is a Lakers town first (that’s not changing soon) but there is more than enough market for a second team.

• New television deals are coming up. Right now the Clippers have a local television deal with Fox Sports West that pays them $20 million a season — which is less than teams like the Detroit Pistons and Cleveland Cavaliers make — but that deal is up after the 2016 season. Clippers broadcast rights are going to spark a bidding war as entities like Time Warner Cable are expected to try to poach the team while current rights holder Fox Sports desperately needs to keep the Clippers to have enough good content to justify the two regional sports network channels they have in Los Angeles (Fox Sports West and Fox Sports Prime Ticket). Fox lost the Lakers and Dodgers to gigantic Time Warner deals in recent years, they can’t afford to lose the Clippers, and the Clipper ownership will benefit from that. This isn’t going to be as big as the Lakers deal (Los Angeles is still a Lakers town) but it will be big.

Then there is the fact the NBA is in the process of negotiating a new national television deal that will be much bigger than the current deal (rights for sports broadcasting have been going through the roof in recent years because it’s must-watch programing — people don’t DVR games and fast forward through the commercials). Currently teams get $30 million a season in national television revenue, soon that number is going to make a big leap. It is rumored that as part of the new deal Fox Sports will enter the national broadcast picture (with TNT and ABC/ESPN) and broadcast at least a game a week (likely Saturday night). The national broadcast rights fees are divided up equally among the 30 teams, so a raise in revenue is coming.

• The lockout was good to the owners. Make no mistake about it, the NBA owners won big in the last lockout. (Some may say it wasn’t enough, but did you ever hear of a really rich person who said, “I’m making enough, I should distribute more of this money to my employees.” Exactly.) The players went from getting 57 percent of the league’s “basketball related income” (money from national television deals, merchandise sales, a percentage of ticket and concession revenues) down to 50 percent. That works out to an estimated $280,000 million a season. That’s nearly $10 million a season more per team going to the owners. With the more strict salary cap and other devises put in place, that CBA made the NBA a good investment for the rich, not just a toy.

• NBA franchise values are already skyrocketing. Since the new CBA went into effect and people who could afford it figured out the NBA was a good investment, the value of NBA franchises has gone through the roof. In 2010 (pre-lockout) Joe Lacob and Peter Guber set the record for money spent to buy a franchise at $450 million for the Golden State Warriors. Since then Vivek Ranadivé led a group that paid $534 million to buy the Sacramento Kings (and they are paying more to get a new stadium built). Just weeks ago hedge fund guys Marc Lasry and Wes Edens spent $550 million to buy the small market Milwaukee Bucks (and they are going to have to put up a lot of money for a new arena, too). Prices for NBA franchises have been going through the roof, and now here comes one on the market in one of the nation’s largest cities, and a team that has been run poorly for decades and has room for growth.

• The frenzied bidding process. We love to watch auctions because they are dramatic. People selling things like auctions because buyers get caught up in the competitive, exciting bidding process and spend more than they maybe should on the item up on the block. That would be the case here — this was a rushed, frenzied bidding process. There are a lot of one percenters who want to get into the NBA club and getting a bunch of them to bid against each other in a rushed process is a good way to get someone to overbid.

Warriors’ Andre Iguodala out for Game 6

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Steve Kerr has been searching for a couple of games now for his fifth guy.

With Andre Iguodala out there is no Death/Hamptons 5 lineup and Kerr is looking for a fifth guy to partner with his four All-Stars. Kevon Looney is starting, Jordan Bell is showing potential but also makes some rookie plays, Nick Young has been bad enough that Kerr trusted Quin Cook more at the end of the last game (and Cook missed his looks).

Kerr is going to have to keep searching for a guy in Game 6 because Iguodala is out again.

The Warriors are not the team heading into Game 6 with the most significant injury woes, the Rockets are without Chris Paul. That and the fact the Warriors’ backs are against the wall is the reason they are heavy favorites in Game 6.

However, the Warriors have not been the same without Iguodala. He is a playmaker who can control the ball and settle things down, makes the right decision, get the player and ball movement the Warriors have strayed too much from back, plus is one of their best defenders on James Harden. Nobody else on the roster can do that.

And if Game 6 gets tight late, the Warriors are going to miss those skills. As they have in the last two games.

Marcus Smart on Game 7: ‘It’s not going to be pretty’

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Game 7s are not pretty basketball. Everyone is tight, shots clank off the front of the rim, and players tend to think rather than just react, sucking the flow out of the game. It’s a game for grinders.

Marcus Smart is good with that, and he told Chris Forsberg of ESPN the team is preparing for this style.

“It’s not going to be pretty. You got to be able to get down and get dirty. You can’t go out and try to look pretty. You have to be ready for a dogfight. We got to be ready to come up with our nose bloodied. We got to be ready to come out with our mouth bloodied. We have to come out ready to fight.”

If Boston is going to win this game, they will do so with the physical, smart, and unrelenting defense that carried them all season. That’s their grit. Without Kevin Love (out with a concussion) the Celtics have one less scorer to worry about, but things do not necessarily get dramatically easier — LeBron James is going to get his buckets, but can the Celtics keep George Hill, Kyle Korver, J.R. Smith and the rest of the role players from helping out with big nights of their own.

Which one of these teams is better positioned to win a grinding, sloppy game? Who is willing to dive on the floor and give that little extra effort? A case can be made either way, but Sunday night will decide it.

Report: Warriors’ Patrick McCaw cleared, will be available for Game 6

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We haven’t seen Golden State’s Patrick McCaw on an NBA court since March 31, when he was undercut by Sacramento’s Vince Carter and took an ugly, nasty spill.

McCaw is finally cleared by the team doctors and will be active on Saturday night for Game 6 against Houston, reports Shams Charania of The Vertical at Yahoo Sports.

The Golden State Warriors are planning to activate swingman Patrick McCaw for Game 6 of the Western Conference finals against the Houston Rockets on Saturday night, league sources told Yahoo Sports.

McCaw, on paper, would help the Warriors — he’s a 6’5″ switchable defender who can provide some offense in transition. That’s especially true if Andre Iguodala is out for Game 6 (his status is a game-time decision). McCaw played about 17 minutes a night for the Warriors during the regular season.

However, the idea of taking a second-year player who has not been on a court in six weeks and throwing him into Game 6 of the Western Conference Finals — a win-or-go-fishing game for Golden State — is risky, at best. Don’t expect him to get on the court unless this is a blowout.

Kevin Love in concussion protocol, listed as out for Game 7

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As if winning a Game 7 on the road against a younger, more athletic team that has not lost on its home court all playoffs was not difficult enough, things just got harder for the Cleveland Cavaliers.

Kevin Love has a concussion and is not expected to play in Game 7 on Sunday.

While it is technically possible for Love to clear out of the concussion protocol in 24 hours, it is highly unlikely. He would have to pass a rigorous physical test and have no concussion-related symptoms, something cleared by both the team doctor and a league-approved neurologist. This is something that tends to take days if not weeks to get over.

Love was injured just five minutes into Game 6. Love had set up position in the midpost and was setting a screen for George Hill, who was curling out to the arc. Jayson Tatum was trailing Hill and he banged heads with Love. It wasn’t pretty.

Love spent a few minutes on the ground, went straight to the locker room, and did not return to the game.

LeBron James is going to have to carry even more load in Game 7, and now more pressure falls on George Hill (the bellwether for this Cavs team), J.R. Smith, Tristan Thompson and others to step up without Love there to space the floor and get buckets.