UPDATE: Former Microsoft CEO Steve Ballmer signs deal to buy Clippers for $2 billion

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UPDATE: Shelly Sterling has confirmed the sale through a press release. In it is the statement she could do that as the sole trustee of the Sterling Family Trust, confirming that she had Donald to sell the team.

“I am delighted that we are selling the team to Steve, who will be a terrific owner,” she said in a released statement. “We have worked for 33 years to build the Clippers into a premiere NBA franchise. I am confident Steve will take the team to new levels of success.”

Steve Ballmer also released a statement:

“I will be honored to have my name submitted to the NBA Board of Governors for approval as the next owner of the Los Angeles Clippers. I love basketball. And I intend to do everything in my power to ensure that the Clippers continue to win – and win big – in Los Angeles.”

7:10 pm: I have to start here: Do not assume just because an agreement was reached and papers signed that this is a done deal. Remember that Donald Sterling has talked about “fighting to the bloody end.” He could still attempt to kill the whole thing out of spite (or concerns about capital gains taxes).

But Donald told his wife Shelly Sterling to go ahead and find a buyer for the team, and she seems to have done that:

NBC has confirmed  with a source close to the negotiations that a deal was signed between the Sterling Family Trust and former Microsoft CEO Steve Balmer to buy the Clippers for $2 billion. That document is now being sent on to the NBA league office for review (and to start the approval process).

This news was broken by the Los Angeles Times and since confirmed. The Times had details on the other bidders.

A person with knowledge of the negotiations said the Geffen group bid $1.6 billion and Ressler at $1.2 billion.

David Geffen has now said to ESPN that his group — with Larry Ellison and Oprah Winfrey — have pulled out of the biding.

If $2 billion turns out the be the final sale price, that figure would blow the previous NBA franchise sale price record — $550 million for the Milwaukee Bucks just a few weeks ago — out of the water.

The NBA has reportedly said that if a completed sale agreement was in place before the Board of Governors meeting next Tuesday they likely would postpone the vote. At that meeting the other owners would conduct a hearing then vote on whether to strip Sterling of his ownership of the franchise in response to the backlash that followed his prejudiced comments on a recording released to TMZ, plus later in a CNN interview.

Having the Sterlings sell the Clippers is a cleaner process for the NBA.

Part of the sale agreement is that Ballmer not move the team to Seattle. Plus the Clippers have nine years left on their lease with Staples Center. Also, financially he would devalue the franchise considerably moving it out of the Los Angeles market, especially with the team due for a new television deal, one that is expected to lead to a big bidding war.

It sounds like a good deal… yet there is Donald Sterling lurking.

Shelly Sterling had Donald declared mentally incapacitated, making her the sole trustee and able to act to sell the team as she saw fit.

Donald said in recent days through his attorney (and again today as news of the Ballmer sale started to leak) that the letter he gave his wife is not binding and he may not sign off on the sale. While Donald and Shelly Sterling each own half of the Clippers through a trust, Donald is the recognized primary owner by the league under its constitution.

How will Donald feel with $2 billion on the table?

Donald Sterling’s lawyer was seen going to meet with Donald and told the L.A. Times on the way into the house he is not sure Sterling will sign off on the sale. He added Sterling doesn’t care about the money.

Ballmer would need to be approved by the NBA’s other owners, but that likely would not be much of a hurdle.

Ballmer was part of Steve Hansen’s Seattle group that almost bought the Kings last season. He has long been someone David Stern, and now Adam Silver, have wanted to bring into the league.

Devin Booker forces OT with deep turnaround buzzer-beating 3-pointer, but Bucks beat Suns (video)

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I’m not sure who benefited from Devin Booker‘s buzzer-beating, overtime-forcing 3-pointer. The Suns still lost to the Bucks, 113-107. The extra five minutes featured more of the same relatively bad basketball we’d seen between Phoenix (bad) and Milwaukee (shorthanded) through 48 minutes.

But darn if this shot wasn’t really cool and clutch.

Three Things to Know: Angry Russell Westbrook sparks Thunder against Warriors

Associated Press
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Every day in the NBA there is a lot to unpack, so every weekday morning throughout the season we will give you the three things you need to know from the last 24 hours in the NBA. As a matter of housekeeping, this will be the last Three Things of this week, as we take a holiday break. Happy Thanksgiving!

1) Angry Russell Westbrook sparks Thunder we’ve been waiting for. Don’t make Russell Westbrook angry. You wouldn’t like him when he’s angry.

Unless you’re a Thunder fan, then you’ll love him. Westbrook came out with an edge we haven’t seen from him this season as he has tried to play nice and integrate Paul George and Carmelo Anthony. Not Wednesday night. Wednesday night Kevin Durant and his Warriors came to town, and Westbrook was not taking it from anyone.

That sparked the Thunder team we have been waiting for all season. Westbrook finished with 34 points, 10 rebounds, 9 assists, and he was joined by Anthony with 22 points, and George with 20 points, 11 rebounds, and 4 steals. The Thunder used a 22-10 first-quarter run to take the lead and never looked back, leading by 26 at one point and going on to win 108-91. This was by far the best the Thunder have looked all season as they have stumbled to a 7-9 start before Wednesday. Maybe this game was the spark they needed to start playing well at the end of games — they closed out well against Golden State. Maybe this was what the Thunder needed to find themselves and become the playoff threat to the Warriors we expected.

As for the Warriors… ¯_(ツ)_/¯. We haven’t said this about them this season (only the Cavaliers), but they looked disinterested much of the night (outside of Durant). Give credit to the Thunder, physical and aggressive defenses that can overplay the Warriors (and recover) give them trouble, and OKC did that. The Warriors just didn’t care to counter. They looked like a team coasting through a road trip (2-2 in their last 4), and when they ran into a quality, motivated team they didn’t have the gear. That doesn’t mean anything long-term, but it means they may be vulnerable during the season until they find their edge again. Whenever they flip the switch.

2) Miami ends Boston’s win streak at 16. For a couple of weeks now the Celtics had been living dangerously — they had to come back from double-digits to win four of their last five games heading into Wednesday night.

Their luck ran out against the Miami Heat.

Miami raced out to a double-digit first-quarter lead, pushed that lead to 19 and were comfortably ahead most of the game, and we kept waiting for the Boston run. It came in the fourth, a 13-0 push that made it a game again. However, Miami responded with a 5-0 run of their own, Dion Waiters seemed especially motivated to take on Kyrie Irving, and the Heat held on for the 104-98 win. Goran Dragic had 27 points, Waiters 26 and 6 assists.

Boston’s streak was bound to end, but they established themselves as a strong defensive team during that run, and the squad in the East best poised to knock off LeBron James and the Cavaliers. We’re a long way from the games that matter in that push — the Cavs have won six in a row, and are playing defense again — but we know the pecking order for who gets a shot at the champs. Boston will get their shot, and early on they look like they will be ready.

3) Patrick Beverley is out for the season and the Los Angeles Clippers have some hard questions to answer. For the first four games of the season, we saw the potential of what this Clipper roster could be — four head-turning wins. Then the injuries started to pile up — Milos Teodosic, Danilo Gallinari, and starting point guard Patrick Beverley — and so did the losses. Nine in a row, until they picked up a road win in Atlanta Wednesday.

Now comes a brutal blow — the Clippers have lost point guard Patrick Beverley for the season. He had microfracture surgery on his knee and will be out until next season.

That’s a real blow to the Clippers, and it means they may need to answer some harsh questions. If the losses continue to pile up and this is clearly not a playoff team by the time we get to Christmas — a reality that became a more possible on Wednesday — do they need to trade free agent to be DeAndre Jordan? Other teams are already calling and asking if he is available in a trade, if the Clippers think they can’t resign him this summer (or at least the odds are lower than they like) they have to consider the move. Los Angeles wouldn’t get a lot back for a rental, but they would get something to help the rebuild they need to consider.

The other question: How much longer is Doc Rivers the coach. The sense from many around the league is the reason he wasn’t let go when he was stripped of his GM powers this summer was he is making more than $10 million a year and had a couple of years left on his deal, and that was too much for even Steve Ballmer to just eat. Plus Rivers has shown he can coach. Whether he can coach this team still is a different question entirely. Right now, this team is not responding to him, and the sense around the league is the question is when, not if, he will be let go.

Kevin Durant and Russell Westbrook go head-to-head, literally (video)

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This sure didn’t look like just another game for Kevin Durant – and not only because the Thunder beat the Warriors for the first time since he left.

The 108-91 Oklahoma City victory didn’t look like just another game for Russell Westbrook (34 points, 10 rebounds, nine assists and four steals), either.

Harrison Barnes banks in game-winning, buzzer-beating 3-pointer (video)

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With the shot clock off in the fourth quarter and the game tied, Grizzlies big JaMychal Green put back Tyreke Evans‘ miss with a clutch flush. There’s a very fine line between ensuring the last shot and leaving time for an offensive rebound, and Memphis threated it almost perfectly.

Emphasis on “almost.”

The Grizzlies left the Mavericks 0.5 seconds, which Harrison Barnes used to bank in a 3-pointer – off a pinpoint bounce pass by Dennis Smith Jr. – to give Dallas a 95-94 win.