As to the Clippers and the $2 billion price tag, it's actually not that exorbitant. Before the bidding started, many speculated that the final price tag would be $1.7 billion because the Clippers are in LA and have a major TV deal coming up for renewal in about a year. This is not a franchise in Milwaukee.
It's an investment and -- so far -- no owner of a sports franchise in America has ever been shown to have overpaid a few years down the road.
I'm happy for Ballmer. If I could spend 10% of my net worth to buy an NBA club, I'd do it in a heartbeat. Do you think the Clippers players and fans will mind his passion?It will be fun to watch. >>Read More: LA Clippers Sale Not a Slam Dunk, but Sterling's Wife Is Entertaining Bids >>Read More: Ballmer's Clippers' Offer Bodes Well for MSG, the Knicks' Parent Company At the time of publication, the author was long Yahoo!
This article represents the opinion of a contributor and not necessarily that of TheStreet or its editorial staff.
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