$3 billion dollars for a small market basketball team? I guess the Yankees or the cowboys must be worth $20 Billion.
It's not worth that much. But there's only 30 NBA teams and one was just on the market now. If you're a billionaire, you'll have to overpay for your toy.
No one has any idea where the mega franchises would trade. Yankees could go for $20 billion for sure. NFL owners can be picky about their ownership groups — an absolute auction for the Cowboys could be $20 billion as well. Probably more like $10 billion to an acceptable buyer.