Another running change to all frames is the removal of the braze-on front derailleur mount. The frames now require clamp-on front mechs, so he builds on a small alloy ring since the frame tubes are not round.ArgonautCycles.com Argonaut founder Ben Farver sent some fantastic photos of his new Gravel Racer for our pre-show interview, but seeing it in real life was even better.He built it to handle competitive events like the Oregon Stampede, which is about 70% gravel. It’s not a a gravel grinder, and not meant to add rack or panniers. It’s a race ready bike that just happens to be designed for rough surfaces.To do that, he takes your ideal road race bike and makes it a bit more stable. For Ben’s own bike, that meant about 5mm longer chainstay length, 3mm more BB drop and half a degree slacker head angle. It’s all custom though, so your version will be right for you.“The idea is to expand your range,” he said. “To let you get further on more roads.” This bike won best in show for NAHBS 2014.This one’s for a customer that travels with it and wanted a standard seat post, but Farver says he’d still use the ISP on most frames but build in a bit more compliance than on the road bikes. If you recall from our long term review, Ben uses the ISP to dial in the ride feel all the way up to the saddle.The non-drive chainstay only had to be reinforced under the caliper mount. The seat stay is the same, so ride quality should be the same. It’s 70g more for the disc dropouts and reinforcement, and Farver says a complete disc bike will be about 1.5 pounds heavier than a comparably built rim brake bike.The Gravel Racer will sell for $6,700 $6,500 for frame and fork, same as their standard road bike framesets go for $6,500 with rim brakes in mind. Because it’s all custom, it can basically become a disc brake road bike, too.The SL prototype we saw last year didn’t become a separate model. Instead, he infused the ballistics material into all of the frames. Farver says he was initially thinking the SL frames would be a little more delicate and have to have a shorter warranty. But, they ended up being stronger, so he put it in all the bikes, including the new gravel racer.So, in addition to being lighter, the alternate material adds durability while allowing a higher proportion of lighter weight hi-mod carbon. And it soaks up vibration. The result is a bike that’s a bit lighter but a lot smoother.
View Comments Broadway delivered one of the most memorable musicals of the year when Steve Martin and Edie Brickell’s Bright Star arrived at the Cort Theatre in 2016. In addition to the show’s delightful banjo-laden score, Bright Star presented a breakthrough performance from Carmen Cusack in the central role of Alice Murphy. While the Tony-nominated musical closed too soon, Bright Star is currently back onstage at Center Theatre Group’s Ahmanson Theatre in Los Angeles. Cusack is reprising her acclaimed performance alongside fellow original cast members including A.J. Shively as Billy Cane and Jeff Blumenkrantz as Daryl in the run set to play through November 19, which will be followed by an engagement at San Francisco’s Curran Theatre from November 28 through December 17. Filmmaker Ezra Hurwitz captured a music video of Bright Star’s infectious opening number, “If You Knew My Story,” featuring Cusack alongside Shively, Blumenkrantz and their fellow cast. Give it a watch below and make your way out west to catch the gorgeous musical live.
The search for dozens of Ethiopian children kidnapped near the country’s border with South Sudan is still on.South Sudanese gunmen seized more than 100 children in mid-April, during a deadly raid. 56 of them have been rescued so far.The children were last located in Boma, a town in Jonglei state in the country’s east.The government says its army is negotiating with the kidnappers, and has offered amnesty if they free the remaining children.South Sudan’s Deputy Minister of defence is leading negotiations. David Yau Yau comes from the area where the children are being held. He is also a former commander of forces based in that region.The government says, it’s hopeful all the children will be rescued and handed over to Ethiopian authorities.
rear view of prison officer leading prisoner in handcuffsThree organized retail theft suspects were working as a team to steal high-priced items from hardware stores to later pawn the stolen items, according to Melbourne Police Department.The crew would work as a team to steal mostly air conditioners, welding packs and other tools from Home Depot locations in Brevard and Indian River counties, police said.Florida Today- Sponsor – Stay UpdatedGet critical information for loss prevention professionals, security and retail management delivered right to your inbox. Sign up now
Inspired Design Decisions: Avaunt MagazineYou are here: HomeWeb DesignInspired Design Decisions: Avaunt Magazine Inspired Design Decisions: Avaunt Magazine Inspired Design Decisions: Avaunt Magazine Andrew Clarke 2019-06-13T12:30:16+02:00 2019-06-13T12:35:26+00:00I hate to admit it, but five or six years ago my interest in web design started to wane. Of course, owning a business meant I had to keep working, but staying motivated and offering my best thinking to clients became a daily struggle.Looking at the web didn’t improve my motivation. Web design had stagnated, predictability had replaced creativity, and ideas seemed less important than data.The reasons why I’d enjoyed working on the web no longer seemed relevant. Design had lost its joyfulness. Complex sets of build tools and processors had even supplanted the simple pleasure of writing HTML and CSS.When I began working with the legendary newspaper and magazine designer Mark Porter, I became fascinated by art direction and editorial design. As someone who hadn’t studied either at art school, everything about this area of design was exciting and new. I read all the books about influential art directors I could find and started collecting magazines from the places I visited around the world.The more inspired I became by mag- azine design, the faster my enthusiasm for web design bounced back. I wondered why many web designers think that print design is old-fashioned and irrelevant to their work. I thought about why so little of what makes print design special is being transferred to the web.My goal became to hunt for inspiring examples of editorial design, study what makes them unique, and find ways to adapt what I’d learned to create more compelling, engaging, and imaginative designs for the web.My bookcases are now chock full of magazine design inspiration, but my collection is still growing. I have limited space, so I’m picky about what I pick up. I buy a varied selection, and rarely collect more than one issue of the same title.I look for exciting page layouts, inspiring typography, and innovative ways to combine text with images. When a magazine has plenty of interesting design elements, I buy it. However, if a magazine includes only a few pieces of inspiration, I admit I’m not above photographing them before putting it back on the shelf.I buy new magazines as regularly as I can, and a week before Christmas, a few friends and I met in London. No trip to the “Smoke” is complete without a stop at Magma, and I bought several new magazines. After I explained my inspiration addition, one friend suggested I write about why I find magazine design so inspiring and how magazines influence my work. Avaunt magazine. (Large preview)That conversation sparked the idea for a series on making inspired design decisions. Every month, I’ll choose a publication, discuss what makes its design distinctive, and how we might learn lessons which will help us to do better work for the web.As an enthusiastic user of HTML and CSS, I’ll also explain how to implement new ideas using the latest technologies; CSS Grid, Flexbox, and Shapes.I’m happy to tell you that I’m inspired and motivated again to design for the web and I hope this series can inspire you too.Andy ClarkeApril 2019Avaunt Magazine: Documenting The Extraordinary What struck me most about Avaunt was the way its art director has colour, layout, and type in diverse ways while maintaining a consistent feel throughout the magazine. (Large preview)One look at me is going to tell you I’m not much of an adventurer. I don’t consider myself particularly cultured and my wife jokes regularly about what she says is my lack of style.So what drew me to Avaunt magazine and its coverage of “adventure,” “culture,” and “style” when there are so many competing and varied magazines?It often takes only a few page turns for me to decide if a magazine offers the inspiration I look for. Something needs to stand out in those first few seconds for me to look closer, be it an exciting page layout, an inspiring typographic treatment, or an innovative combination of images with text.Avaunt has all of those, but what struck me most was the way its art director has used colour, layout, and type in diverse ways while maintaining a consistent feel throughout the magazine. There are distinctive design threads which run through Avaunt’s pages. The bold uses of a stencil serif and geometric sans-serif typeface are particularly striking, as is the repetition of black, white, a red which Avaunt’s designers use in a variety of ways. Many of Avaunt’s creative choices are as adventurous as the stories it tells. © Avaunt magazine. (Large preview)Plenty of magazines devote their first few spreads to glossy advertising, and Avaunt does the same. Flipping past those ads finds Avaunt’s contents page and its fascinating four-column modular grid.This layout keeps content ordered within spacial zones but maintains energy by making each zone a different size. This layout could be adapted to many kinds of online content and should be easy to implement using CSS Grid. I’m itching to try that out.For sans-serif headlines, standfirsts, and other type elements which pack a punch, Avaunt uses MFred, designed initially for Elephant magazine by Matt Willey in 2011. Matt went on to art direct the launch of Avaunt and commissioned a stencil serif typeface for the magazine’s bold headlines and distinctive numerals.Avaunt Stencil was designed in 2014 by London based studio A2-TYPE who have since made it available to license. There are many stencil fonts available, but it can be tricky to find one which combines boldness and elegance — looking for a stencil serif hosted on Google Fonts? Stardos would be a good choice for display size type. Need something more unique, try Caslon Stencil from URW.Avaunt’s use of a modular grid doesn’t end with the contents page and is the basis for a spread on Moscow’s Polytechnic Museum of Cold War curiosities which first drew me to the magazine. This spread uses a three-column modular grid and spacial zones of various sizes.What fascinates me about this Cold War spread is how modules in the verso page combine to form a single column for text content. Even with this column, the proportions of the module grid still inform the position and size of the elements inside. © Avaunt magazine. (Large preview)While the design of many of Avaunt’s pages is devoted to a fabulous reading experience, many others push the grid and pull their foundation typography styles in different directions. White text on dark backgrounds, brightly coloured spreads where objects are cut away to blend with the background. Giant initial caps which fill the width of a column, and large stencilled drop caps which dominate the page.Avaunt’s playful designs add interest, and the arrangement of pages creates a rhythm which I very rarely see online. These variations in design are held together by the consistent use of Antwerp — also designed by A2-TYPE — as a typeface for running text, and a black, white, and red colour theme which runs throughout the magazine. © Avaunt magazine. (Large preview)Studying the design of Avaunt magazine can teach and inspire. How a modular grid can help structure content in creative ways without it feeling static. (I’ll teach you more about modular grids later.)How a well-defined set of styles can become the foundation for distinctive and diverse designs, and finally how creating a rhythm throughout a series of pages can help readers stay engaged.Next time you’re passing your nearest magazine store, pop in a pick up a copy of Avaunt Magazine. It’s about adventure, but I bet it can help inspire your designs to be more adventurous too.Say Hello To Skinny ColumnsFor what feels like an eternity, there’s been very little innovation in grid design for the web. I had hoped the challenges of responsive design would result in creative approaches to layout, but sadly the opposite seems to be true. Top: Squeezing an image into one column reduces its visual weight and upsets the balance of my composition. Middle: Making the image fill two standard columns also upsets that delicate balance. Bottom: Splitting the final column, then add- ing half its width to another, creates the perfect space for my image, and a more pleasing overall result. (Large preview)Instead of original grid designs, one, two, three, or four block arrangements of content became the norm. Framework grids, like those included with Bootstrap, remain the starting point for many designers, whether they use those frameworks or not.It’s true that there’s more to why so much of the web looks the same as web designers using the same grid. After all, there have been similar conventions for magazines and newspapers for decades, but somehow magazines haven’t lost their personality in the way many websites have.I’m always searching for layout inspiration and magazines are a rich source. Reading Avaunt reminded me of a technique I came across years ago but hadn’t tried. This technique adds one extra narrow column to an otherwise conventional column grid. In print design, this narrow column is often referred to as a “bastard column or measure” and describes a block of content which doesn’t conform to the rest of a grid. (This being a family friendly publication, I’ll call it a “skinny column.”)In these first examples, squeezing an image into one column reduces its visual weight and upsets the balance of my composition. Making the image fill two standard columns also upsets that delicate balance.Splitting the final column, then adding half its width to another, creates the perfect space for my image, and a more pleasing overall result. (Large preview)I might use a skinny column to inform the width of design elements. This Mini Cooper logo matches the width of my skinny column, and its size feels balanced with the rest of my composition. (Large preview)Sometimes, content won’t fit into a single column comfortably, but by combining the widths of standard and skinny columns, I create more space and a better measure for running text. I can place a skinny column anywhere within a layout to wherever I need my content. (Large preview)An empty skinny column adds whitespace which allows the eye to roam around a design. The asymmetry created by placing a skinny column between two standard columns also makes a structured layout feel more dynamic and energetic. (Large preview)Another empty skinny column carves a wide gutter into this design and confines my running text to a single column, so that its height reflects the image’s vertical format. I can also use a skinny column to turn typographic elements into exciting design elements.Developing With Skinny ColumnsDesigns like these are surprisingly simple to implement using today’s CSS. I need just four structural elements; a logo, header, figure, plus an article to contain my running text:
Barcelona ace Dembele scoffs at claims of paying pal €15,000-a-monthby Carlos Volcano10 months agoSend to a friendShare the loveBarcelona ace Ousmane Dembele has scoffed at claims he is paying a friend to make sure he does things on time.Dembele continues to upset management and senior players with his poor timekeeping.And Radio Marca reported that Dembele is paying one of his entourage €15,000-a-month to keep him on the straight and narrow.However, Dembele has denied the story with a reaction on Twitter with several disparaging emojis.https://t.co/LP7RBIAFNp— Ousmane Dembélé (@Dembouz) December 19, 2018 About the authorCarlos VolcanoShare the loveHave your say
TagsTransfersAbout the authorCarlos VolcanoShare the loveHave your say Thomas Partey insists he’s committed to Atletico Madridby Carlos Volcano10 months agoSend to a friendShare the loveAtletico Madrid midfielder Thomas Partey insists he’s committed to the club.While Thomas started the match against Espanyol last week, he has often been left out of Diego Simeone’s starting line-up for the biggest matches.”Sometimes I feel unhappy at Atletico,” he said after the game.”To be happy you have to play in important games and feel stronger, more confident.The Ghanaian wanted to clarify his statements and went to social media in order to do so.”On Saturday after the match I made some statements that were not understood well,” he wrote.”I want to explain myself better.”Atletico is the club where I want to be and I would like to keep growing as a player, for the club and for the fans.”And it’s true that I feel like I can be even more important and that’s why I work hard every day.”I do not want to be content and that is good [as I look to become] the best player that I can be.”Merry Christmas and Aupa Atleti!”
Members of a tiny First Nation in northwest British Columbia remain scattered across the province in hotels and relatives’ homes after fleeing destructive wildfires this summer.It will take months to clean up the damage in Tahltan First Nation territory in Telegraph Creek, which was devastated by four wildfires that merged into one 1,180-square-kilometre blaze in August, said Chief Rick McLean.Crews must clear debris and burned-out houses, ensure the water is drinkable, restore police and health services and even restock store shelves, he said. Rebuilding 21 destroyed homes can’t even begin until spring, when the ground isn’t frozen.“It’s mixed emotions,” McLean said. “Some people are happy they got out and have their safety and lives. Other people are taking it a little bit harder after losing all their stuff, everything.”The 2018 wildfire season was the worst in B.C. in terms of land burned, scorching more than 13,000 square kilometres. The flames hit First Nations especially hard and sparked complaints of poor funding and communication with Indigenous groups.The federal government is responsible for funding emergency planning for First Nations on reserve lands, while the province funds regional districts. Indigenous groups say the result is a complicated, bureaucratic system that left them ill-prepared.McLean said the Tahltan did not have adequate resources to battle wildfires. Its fire department runs on $10,000 a year, he said, which is not nearly enough given that maintaining and fuelling a fire truck costs several thousand dollars on its own.But he said he spoke in mid-August with Premier John Horgan, who raised his concerns with Prime Minister Justin Trudeau. Since then McLean has had further talks with the province and Indigenous Services Canada and believes they’ll help the nation rebuild.“Between (government funds) and our insurance, if you put all the pieces together, we hope to come up with enough to rebuild those homes that were lost and rebuild the community,” he said.Mobile homes will eventually be set up in the community for people whose houses were destroyed, said Kristina Michaud, who lives in Prince George but whose family is from Telegraph Creek.“It’s been difficult,” she said. “There are still lots of people who are in need and who are still displaced from the fires.”A benefit concert was recently held in Whitehorse and the First Nation is also accepting donations of money and furniture, said Michaud.“The whole nation has taken a hit. Even the homes that are still standing suffered a great amount of either water damage or smoke damage,” she said.“Our wildlife has been significantly hit hard. Even our rivers, we may not even be able to go home and fish for a few summers.”Forests Ministry spokeswoman Vivian Thomas confirmed Horgan spoke with McLean in August and raised the chief’s concerns about training and resources with Trudeau.The prime minister met with Horgan during a cabinet retreat in Nanaimo, said Rachel Rappaport, an Indigenous Services Canada spokeswoman.During the cabinet retreat, Trudeau flew on Aug. 23 to Prince George, where he pledged to “clear up those lines of flowing resources” to Indigenous communities.Ottawa and B.C. have a 10-year, $29.6 million agreement to deliver emergency services to on-reserve First Nations, enabling them to receive comparable support to local governments, said Indigenous Services Canada spokeswoman Martine Stevens.But she said significant efforts have been made this year to improve support for B.C. First Nations affected by wildfires, including streamlining a process to apply for funding for emergency preparedness and response projects.“Our department is working with the Tahltan First Nation community to assess impacts. We are working closely with the First Nation and partners to assist on immediate re-entry needs as well as recovery planning,” she added in a statement.B.C. has also established a new $50-million, three-year program that allows communities to apply for funding to cover up to 100 per cent of their wildfire risk reduction projects.McLean said he planned to apply for the funding and he urged other communities to do the same.“Clean up your debris, cut your guards, clean up all your old stumps, trees, and dry wood and grass,” he said. “Get your community members trained for fighting fires.“With the climate changing like this … fire is going to be the norm.”— Follow @ellekane on Twitter.
UPDATE (May 29, 7:45 p.m.): The Los Angeles Times has reported that Steve Ballmer, former CEO of Microsoft, will purchase the Clippers for $2 billion. Earlier this month Nate Silver wrote about team valuations in the NBA, and whether the Clippers were worth more than was commonly believed. The original piece is below.A billion dollars? For the Clippers?That’s the price my Grantland colleague Zach Lowe’s sources are saying the Los Angeles NBA team could fetch if its current owner, Donald Sterling, agrees to sell the franchise or is forced to do so. With stars from Magic Johnson to Floyd Mayweather, Jr., to Oprah Winfrey to Larry Ellison reportedly interested in a piece of the club, it’s not hard to see why league officials have starry-eyed visions about what the team could be worth.And yet, when Forbes Magazine published its valuations of the 30 NBA teams earlier this year, its figure for the Clippers was considerably more modest: $575 million.1It’s not as though the valuation doesn’t account for the Clippers’ recent on-court success. Two years ago, Forbes valued the Clippers at only $324 million. NBA officials, I’ve found in the past, aren’t fond of the Forbes figures. The league has incentives to underplay its financial performance when in the midst of a labor dispute, and to frame its finances in a more favorable light when it has a couple of franchises up for sale.In this case, however, there’s reason to think Forbes considerably undervalues the Clippers. You might describe why with the old real estate adage: location, location, location. It’s not breaking news that there are lots of people with lots of money in Los Angeles and its suburbs. What’s more interesting is that the number of billionaires in a given community historically has been a strong predictor of the degree to which its NBA franchise appreciates in value.Take a look at the annualized change in NBA franchise values from 2004 to 2014, according to the Forbes estimates. In the chart below, we’ve highlighted the teams that played in metro areas that had a gross domestic product of at least $250 billion as of 2004. You can see that there’s a relationship. The New York Knicks, despite their mostly poor play over the past decade, saw their franchise value appreciate by 13.3 percent per year, according to Forbes. The Lakers and Clippers saw theirs grow by 11.7 percent and 10.7 percent per year, respectively. Most other big-market teams, like the Chicago Bulls and the New Jersey/Brooklyn Nets, have also done well.There are also some exceptions to the pattern, the most obvious being the Seattle Supersonics, who saw their franchise value increase a lot after moving to Oklahoma City and becoming the Thunder.2This even though Oklahoma City is a considerably smaller and less wealthy market. The Miami Heat, despite playing in a mid-sized market, have seen a massive increase in franchise value. On the flip side, the Philadelphia 76ers and Washington Wizards have considerably underperformed the rest of the league despite playing in reasonably large markets.These differences partly reflect on-court success: Building a future around LeBron James is a much more attractive option than building one around Gilbert Arenas. But they also reflect the differences in the number of super-wealthy people in these cities. In 2004, there were 14 people from the Miami metro area3The Forbes lists do not specifically break out the list of wealthy people by metro area; I did this by hand. I tried to follow the Census Bureau’s definition of Metropolitan Statistical Areas as much as possible — however, there are some debatable cases. Those interested in using this data for rigorous research should double-check my work and ensure that it corresponds to the particular definition of urban areas that is most suitable for their project. on the Forbes 400 list of America’s wealthiest people, compared to eight from Washington and seven from Philadelphia. The differences have grown since then: On last year’s Forbes 400 list, whose threshold was about $1.3 billion in net worth, there were 26 really rich people in Miami, compared to eight in Washington and just three in Philly.4The Forbes 400 list includes data on the United States only. For Toronto, I’ve compiled data from other sources to reflect the number of Torontonians that would have made the Forbes 400 list if Toronto were in the U.S. The correlation between the rate of increase in franchise value and the number of billionaires in a metro area has been reasonably strong,5The correlation coefficient is 0.53, or 0.67 without the Sonics/Thunder included. as I’ve mentioned, with the Sonics/Thunder representing the main outlier. This helps explain why the Golden State Warriors have seen their value increase so much, for instance. The San Francisco-Oakland metro area6By the Census Bureau’s definition, this MSA does not include San Jose, Calif., or most of Silicon Valley. ranks 11th in the U.S. in population and eighth in gross domestic product. But it has ranked second or third in billionaires, behind only New York and sometimes Los Angeles, depending on the year.Why do we see this relationship? Owners of sports franchises tend to hold onto their teams for a long time — the average NBA franchise last changed hands 14 years ago. In a period that long, the player roster will completely turn over, perhaps several times. The coaching and front office staff will very likely turn over, too. A team’s uniform might change; its nickname might change; it might move into a new arena. What’s a lot more permanent is a team’s home city. Franchises can move, but that doesn’t happen often. The Clippers’ greatest asset isn’t Chris Paul or Blake Griffin. It’s the City of Los Angeles and the billionaires who live there.We’ve seen evidence in other sports that franchise values are driven less by profits and losses — many player contracts are plainly irrational from that standpoint — and more by the extent to which a team can be resold to another billionaire or multimillionaire at a higher price down the line. There aren’t that many billionaires in the United States — about 500 — but there are far fewer NBA franchises. In a city like Los Angeles or New York or San Francisco, there will be several billionaires, perhaps even dozens of them, competing for sports franchises when one comes up for sale.7The limited supply of sports franchises may also explain why we don’t see much, if any, of a valuation penalty for NBA franchises that play in multi-team markets. The Lakers and the Clippers, like the Knicks and the Nets, compete with one another to some extent for fans. However, there’s an undersupply of NBA franchises relative to the number of billionaires in these large cities. If one of the 77 billionaires in the New York metro area buys the Knicks, there are still 76 billionaires left to buy the Nets.It’s also worth contemplating whether cities that attract hedge-fund billionaires and oil barons have an intrinsic advantage in recruiting multimillionaire NBA players. Compare Miami and Philadelphia, for example. Philadelphia’s gross domestic product is about 33 percent higher. But — and meaning no offense to Philadelphia — Miami is presumably a lot more fun for a really rich person. Miami will still have South Beach long after LeBron takes his talents to the next town. It will also have no state income tax.But if NBA franchises in billionaire-rich cities can be counted on to appreciate at a higher rate, shouldn’t the market account for that? In other words, shouldn’t they be selling at a higher value to begin with?Keep in mind that we’re looking at Forbes’s estimates of franchise values and not actual sale prices. It could be that Forbes is lowballing the values of big-market clubs. We don’t get all that many data points on actual sale prices because the rate of franchise turnover is low, and because the transactions are often complicated and involve other assets that are bundled with the sports teams. However, the Los Angeles Dodgers (along with some real estate assets) sold for $2 billion two years ago, a figure that far exceeded Forbes’s estimated value of the MLB team.Nonetheless, it’s plausible that the market will eventually catch up to the pattern, or that it already has to some degree. To check this, I ran a regression analysis that sought to explain the increase in NBA franchise values from 2004 to 2014 based on two variables: the number of people a team’s metro area had on the 2004 Forbes 400 list, and its Forbes franchise value in 2004 relative to the league average.8I included the Sonics/Thunder in the regression despite their having changed locations. Although NBA franchises change metro areas only rarely and face restrictions when seeking to do so, some of the value in purchasing an underperforming franchise consists of the potential to relocate the team. The coefficient on the 2004 franchise value variable is statistically significant and negative. What that means is that a franchise can be overvalued by Forbes, and prone to seeing its value revert to the mean, when that value is out of line with the number of billionaires in the area.We can use this regression equation to create estimates of NBA franchise values that may be more reliable than Forbes’s. (The process for this is explained in the footnotes.9To do this, I used the regression equation to determine each team’s projected rate of return over the next 10 years, based on its current Forbes franchise value and the number of billionaires in its metro area. However, I assumed that rates of return in excess of the league average would be captured immediately and reflected in a team’s potential sale price. This is how a rational market would behave, unless the higher projected rates of return were associated with higher risk.) I calibrated the estimates such that the average value of an NBA franchise is the same as what Forbes lists — about $630 million. (The NBA would probably contend that Forbes’s estimates are low across the board — based on the recent sale prices of the Sacramento Kings and the Milwaukee Bucks, for instance — but our interest here is mainly in seeing how franchises are valued relative to one another.) Because the estimates are not all that precise, I’ve listed them as a range based on their standard error.For the Clippers, for instance, the range runs between about $580 million and $950 million. So the billion-dollar estimate might be a little high, but the Forbes valuation of $575 million is probably too low.There are two other teams whose Forbes valuations fall outside the recalibrated range. One is the Brooklyn Nets, which our formula estimates is worth between about $900 billion and $1.5 billion, and not the $780 million that Forbes estimates. Perhaps Mikhail Prokhorov knows what he’s doing in throwing his resources behind establishing the Nets as a major brand in New York. The number of billionaires in New York continues to skyrocket — so he’ll have plenty of people to sell the franchise to at a profit down the line.The other team that falls outside of the range is the Lakers. The formula implies that their Forbes valuation, at $1.35 billion, is a little too high.I personally don’t think the Lakers would have much trouble selling for something in that range if the team were put on the market today. But the logic behind the calculation is something like this: Sure, the Lakers have a much more powerful brand than the Clippers, but they don’t have much of an advantage apart from that brand. The two teams play in the same city, in the same arena. The Clippers have the better roster and a very good coach. The brand advantage can shift over time: At various points in the past 50 years, for instance, the New York Mets have outdrawn the New York Yankees. Another couple years of Blake and CP3 making deep runs into the playoffs while the Lakers struggle with the albatross of Kobe Bryant’s contract will erode some of the Lakers’ edge.Are the Lakers still worth more? Yes, but the formula implies that they should be worth 20 or 25 percent more than the Clippers — and not 135 percent more, as the Forbes valuations say. Perhaps that means the Clippers are undervalued and not that the Lakers are overvalued. If you’d consider buying the Lakers at the Forbes price of $1.35 billion, and would require a 25 percent discount to take the Clippers instead, that implies you’d pay about $1.1 billion for the Clips.The Clippers’ other big handicap, of course, has been Donald Sterling. But that problem resolves itself the moment he sells. He may be banned from basketball. He may have embarrassed himself and his franchise. But if he sells quickly — before doing further damage to the Clippers’ brand — he could have a billion-dollar check coming his way.Correction (May 3, 11:20 a.m.): An earlier version of the NBA Team Valuations chart misstated what the range in green indicated. It signifies a team’s valuation adjusted for number of billionaires in metro area.