Are more owners going to follow? “Not sure,” said one …

Walter’s Lakers went from a $10B valuation just over a year ago to $12.5B. Lore’s T-Wolves went from a $1.5B valuation in 2021 to $4.5B. Are more owners going to follow? “Not sure,” said one former NBA board of governor. “I mean, look, if somebody gives you a great price. If somebody offered the Bulls $10 billion, would [Jerry Reinsdorf] be a seller? Why not? But I just don’t know. Most people who buy these teams aren’t selling them. [Heat owner] Micky [Arison] is not getting out. But if you gave Micky $10 billion, would he do it? I have no idea. But he’s not doing it around $6 or 7[B]. “And that’s what you’re starting to see. You’ll start hearing that certain teams are for sale because people will give you some crazy number. And if they do, that’s fabulous. At a certain point, it becomes ridiculous, but I don’t think anybody’s buying the Heat at $10 billion unless you’ve got some anthropic guy who just made $50 billion and maybe he says, ‘I don’t give a shit.’ That’s the one thing I don’t think anybody really knows is: there is all this money out there. So the good news is there’s all this money out there, but you got to be a huge fan to be the guy wanting to do it.”