What’s new in the Los Angeles sports landscape is the rising valuation — and credibility — of the Clippers along with the increasing viability of two Major League Soccer teams in the marketplace.
What’s not new is the Los Angeles Dodgers and Los Angeles Lakers raking in money, regardless of their respective performances on the field and the court.
The Clippers’ financial fortunes began to change when former Microsoft Corp. Chief Executive Steve Ballmer bought the club for $2 billion in 2014, following the ouster of owner Donald Sterling by National Basketball Association Commissioner Adam Silver.
The team’s valuation has increased 282% in the last five years, according to an annual analysis by Forbes Media. That’s the NBA’s second-largest valuation jump during that period behind the Golden State Warriors.
Part of the reason for the Clippers’ climb was the team’s 2016 deal with Fox Sports Prime Ticket, which increased revenue for the team’s regular season games.
The Clippers’ television contract, though, produces a fraction of the money generated by the Lakers’ agreement with Comcast Corp.
Even though the Lakers haven’t posted a winning record since 2013, they rank as the second-highest earning team in the NBA, thanks chiefly to their Comcast contract. The New York Knicks are the top earning team in the league.
The Dodgers, who have won six consecutive National League West titles and reached two straight World Series, stand as Major League Baseball’s second-most valuable franchise, in large part because of their own TV deal with Comcast. The New York Yankees are baseball’s top-earning team.
On the soccer pitch, meanwhile, the Los Angeles Football Club and the L.A. Galaxy have each recorded frequent sellouts and solidified the sport as a viable entertainment option in a crowded market.
#1 Los Angeles Lakers
$3.7 billion* (as of 2019)
$395 million* (2017-18 season)
$147 million* (2017-18 season)
(41 regular season home games, 2018-19)
LOCAL Television deal:
$4 billion over 20 years with
#2 Los Angeles Dodgers
$3.3 billion* (as of 2019)
$549 million* (2018 season)
$95 million* (2018 season)
(82 regular season home games, 2018)
LOCAL Television deal:
$8.35 billion over 25 years with
#3 Los Angeles Rams
$3.2 billion* (as of 2018)
$750 million* (2017-18 season)
$68 million* (2017-18 season)
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