LA Clippers Value Makes Shocking Leap in 2024

What A Difference One Year Makes

The Los Angeles Clippers are listed in a tie for 22nd with a value of $5.5 billion, along with the NFL’s Denver Broncos. With an incredible increase compared to last year’s value of $3.9 billion, where they ranked 45th in the world, there are a couple of factors that shaped the Clips to get to their current value. That include their brand new arena in Inglewood, the Intuit Dome. With similarities to SoFi Stadium across the street, the Intuit Dome has been seen in basketball as a stadium of the future, with the amount of unique features and advanced technology being used across the arena.

Another factor is the team’s growth throughout the years and ability to spend, which doesn’t hurt Steve Ballmer’s pockets much at all when it comes to the luxury taxes. This past season, LA paid over $200 million in salaries and over $140 million in taxes, ranking second behind its California counterpart in the Golden State Warriors. Notable players such as Kawhi Leonard, Paul George, James Harden, and Russell Westbrook throughout the past few years marketed the Clippers as a team to root for. Not just around LA or California, but as an increasing fan base across the country and the world.

Sportico also conducted a list of their own when it came to the most valuable teams in the NBA. LA cracked into the top five in the league with a $5.68 billion value, increasing 25% from last year’s number. It is just a bit higher than what Forbes calculated, but nonetheless, the Clippers are showing the league how valuable their franchise is. 

Thank You, Steve Ballmer!

All thanks, or at least the majority of gratitude, should go to Los Angeles Clippers owner Steve Ballmer. People can tell that there has been a culture change since Ballmer took over the franchise a decade ago. The vibes have been through the roof and exciting times are ahead when it comes to the Clippers. It has shown how the value of the LA Clippers will continue to climb in the future. With a brand new home to play in and this new identity when it came to rebranding the team, Ballmer wants to show that it is a brand new era in Los Angeles Clippers history.