New York Knicks and LA Lakers valued at $9.5 billion combined

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The news that the Los Angeles Clippers will be sold for the princely sum of $2 billion left many people shocked.

The Clippers may be an NBA franchise on the up but the offer made to the NBA in light of the recent Donald Sterling saga was far beyond the price many had speculated prior to the announcement.

And in light of the inflated price paid by Steve Ballmer Business Insider has re-estimated the valuations of NBA franchises across the league so as to reflect the Clippers sale.

The chart, which can be seen in detail here, contrasts valuations given by Forbes prior to recent developments in LA with new valuations taking into consideration the fact that the Clippers were sold for what Business Insider notes as a price 3.48 percent bigger than their Forbes value ($0.58 billion).

And it is fair to say the post-Clippers sale world has made NBA team's the most valuable commodity in the world of sport if prospective buyers were to take it literally.

The New York Knicks and Los Angeles Lakers, previously valued by Forbes at $1.40 and $1.35 billion respectively, head the list.

The Lakers given an outrageous $4.70 billion price tag, whilst the storied Knicks are valued at even more - $4.87 billion.

Overall the average price of an NBA franchise has rocketed from $630 million to just over $2.2 billion with the league's lowest valued team in the Business Insider model, the Milwaukee Bucks ($1.41 billion) now priced at higher than the Forbes table-topping Knicks.

Of course this is a very literal take on how the Clippers sale has affected the NBA but the huge price paid by Ballmer to get his hands on a franchise must surely have some impact on any future sales with a reference point for owners now set.

Business Insider took the idea further, using the x3.48 mark up to analyze NFl franchise value and the eye-popping sums were even more staggering.

The Dallas Cowboys come in at $8 billion rather than $2.3 billion but as they point out this formula does not take into consideration external circumstances such as the NFL's much fewer games played.

LA Lakers
New York Knicks

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