Clippers: Steve Ballmer offer 1.8 BILLION for Clipper

[spurraider21]

It's not how much they're worth, besteva, it's how much people will pay for it.

isn't that more or less the definition of how much something is worth?

[angrydude]

The NBA sure showed Donald Sterling the consequences of being a racist.

[Katherine Robinson]

isn't that more or less the definition of how much something is worth?

Not quite, how much something is worth would be how much value it would have in the big picture, essentially its market value. How much somebody would pay for it would be how much they simply pay for it. Balmer is paying above market value because there's a future potential of the Clippers one must pay a premium for, but it does not contribute to its current day value.

[DMC]

33% of that or 666 million would be for capital gains taxes.

Donald Sterling is the Beast.

[spurraider21]

Not quite, how much something is worth would be how much value it would have in the big picture, essentially its market value. How much somebody would pay for it would be how much they simply pay for it. Balmer is paying above market value because there's a future potential of the Clippers one must pay a premium for, but it does not contribute to its current day value.

something is only worth what others are willing to pay. if i buy a mercedes for 80k, didn't drive it once, and now want to sell it, and have zero buyers, guess what. that aint worth 80k

[Thebesteva]

How epic would it be if after everything is signed, Balmer posts on twitter them s

[Katherine Robinson]

something is only worth what others are willing to pay. if i buy a mercedes for 80k, didn't drive it once, and now want to sell it, and have zero buyers, guess what. that aint worth 80k

If somebody is willing to pay 2,000,000 for a Camry, it wont make it worth two million dollars.

[urunobili]

now take em to Seattle

[spurraider21]

If somebody is willing to pay 2,000,000 for a Camry, it wont make it worth two million dollars.

if i'm selling my camry to him, my camry is worth that much

[Katherine Robinson]

if i'm selling my camry to him, my camry is worth that much

Not at all, it's how much was paid for it. Worth is a breakdown of assets, liquid or not, and marketing potential in this case. The most valuable teams today were purchased for far less than they art worth due to the NBA's growth.