re: Steve Ballmer to buy Los Angeles Clippers for NBA-record $2 billion

I really don't think they understand supply and demand. You have Tony Ressler and his group of investors bidding $1.2 billion. You have David Geffen and his team of billionaires, including Oprah, bidding on the team. They bid reportedly $1.6 billion. Then you have Ballmer bidding $2 billion. And these guys claim the team isn't worth that much. They apparently don't understand a team is worth what buyers are willing to pay for it. Here we have three buyers willing to pay more than what was thought was the value. What was thought was wrong.

It's like when LSU paid Saban his first ridiculously high salary. That was way above what the market was paying. He broke the seal.

He did it again this past year. You can't say he's not worth it. He clearly is, to Alabama.

I just can't figure out why these guys don't understand simple supply and demand.