It's really all about the new TV deal, the current one expires in 2016. Clippers currently get $25 mm a season, in comparison the Lakers have a deal of $3 billion over 20 years (or $150 mm a season). The Dodgers earlier this year got $8.35 billion over 25 years (also the team sold for a cool $2.1 billion) Sure he probably overpaid, but probably not by too much.