That was sort of my point, too, but perhaps it was made too subtly....
Not to me it wasn’t.
The team could be worth more than $2 billion by some accounts. NBA has a very good profit sharing program - no team loses money. NBA is expected to sign a $3B a year TV deal (national) leaving the local markets to the teams. The Dodgers signed an $8 billion local TV deal. The Angeles signed a $3 billion deal.
With interest rates near zero, discounted cash flow shouldn’t reduce the present value too much. If the Clippers could sign a $3 billion 10 year local TV deal it would be worth $2.1 billion today (discounted cash flow basis) alone.
Then add in all the other profit sharing and merchandizing.
So I can see the basis of an argument why the team is worth a lot more. Not saying it is, only that its possible to suggest it may be.