Jerry Maguire’ Inspiration on Lakers, Sports Valuations

Leigh Steinberg, a sports agent who founded the Leigh Steinberg Foundation, discussed current valuations in professional sports, noting the Los Angeles Lakers sale is valued at $12.5 billion. Steinberg said that when he began his career in 1976, NFL expansion teams sold for $16.5 million. He compared those prices to recent franchise sales reaching into the billions, according to Bloomberg.

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