Upshot: Not only have the Lakers moved ahead of the New York Knicks to the top of our NBA franchise valuations, but they are also more valuable than 17 NFL teams and every MLB team, except the New York Yankees.

FORBES: Los Angeles Lakers' New Cable Deal Could Propel Team Value To Over $1 Billion

If the Yankees sign Cliff Lee you can expect this from MLB pundits: New York has just bought another World Series.

FORBES: Several MLB Teams Have More Money Than Yankees To Sign Cliff Lee

An example: When New York Yankees shortstop Derek Jeter broke Gehrig's record last season for the most hits as a Yankee, an MLB official authenticated all items, including his jersey, ball and bat.

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