Doesnt matter- Right now its about the hot teams
The other team in Los Angeles, the Lakers, recently signed a 20-year TV deal with Time Warner Cable reportedly worth $3 billion, making it the NBA’s richest local television deal in sports.
So let’s say the Clippers get a new TV deal worth an extra $50 million per year in revenue and sell at the same EBITDA multiple the Milwaukee Bucks did earlier this year. That would put the valuation – without any factor for growth – at $997.6 million. How most places are getting a $2 billion dollar (or more) valuation for the Clippers: they could get an equity stake in the cable channel. That would allow them to generate a revenue stream on par with what the Lakers have owning the Staples Center and what Washington Wizards’ owner Ted Leonsis has with the Verizon Center.
When it is based on one team it is typically a 50/50 split,” explains Lepore. “The Mets own about 65 percent of SNY, Time Warner owns 27 percent and Comcast 8 percent. The Yankees only own 20 percent of YES where 21st Century Fox owns 80 percent of that network.”