Steve Ballmer

Report: Ballmer’s $2 billion Clippers offer nearly double what Bank of America valued team at


If you’re Steve Ballmer and you want to make sure you win a bid for the Los Angeles Clippers, what is 10 percent of your net worth?

That’s what Ballmer agreed to do when he bid $2 billion for the Clippers in a deal agreed to by Shelly Sterling and the lawyers for the Sterling family trust. (A sale Donald Sterling is trying to blow up in multiple court cases.)

That $2 billion bid was way, way more than what the “bid book” on the team put together by Bank of America valued the team at, reports Ramona Shelburne and Darren Rovell of ESPN, who got their hands on the bid book.

Ballmer’s $2 billion final bid is 12.1 times the expected 2014 revenues of the team, according to the numbers given to the bidders by Bank of America, which conducted the sale on behalf of the Sterling trust. The document was introduced into court Tuesday and subsequently obtained by ESPN. A person with knowledge of the sale confirmed that bidders were given these documents….

“No team in the history of sports has sold for six times total revenues, so that should give you an idea of how crazy this purchase price is,” said a sports banker who was not involved in the transaction.

Even according to Bank of America, no team has been purchased for more than five times its total revenues. Before the bidding began, Bank of America valued the Clippers between $1 billion and $1.3 billion, double the $550 million sale price of the Milwaukee Bucks, which had set a league record for a sale price just months before.

Clippers interim CEO Dick Parsons (the guy the NBA put in charge) said on the stand in the Sterling v. Sterling probate case on Tuesday that if the Ballmer sale deal goes away, he doesn’t think they will get as much the next time around.

Ballmer didn’t go bargain shopping, but he (like other recent buyers of NBA franchises) are betting on a more owner-friendly CBA, a new more lucrative television deal, and the general growth in popularity of the league, to make up that money over time.

Plus, if you really want something and you can afford it, why not? That’s how I feel about the occasional nice single malt Scotch from the Highlands. If Ballmer feels the same way about the Clippers, why shouldn’t he spend?

Jason Kidd ejected; shoving match ensues between teams after Kings beat Bucks

Jason Kidd

Jason Kidd is going to miss a game or three (and some dollars to go with it), and he could not be the only guy in trouble with the league after a tension-filled end to the Kings’ win over the Bucks Wednesday.

There wasn’t a ton of drama at the end of the contest itself. The Bucks played a “defense optional” game that led to 36 points for Rudy Gay and 13 dimes for Rajon Rondo, and the Kings won their first game this season without DeMarcus Cousins (back issue). That frustrated the Bucks to no end.

Jason Kidd expressed that frustration by slapping the ball out of referee Zach Zarba’s hands, a move that rightfully earned him an instant ejection.

You can be sure a suspension is coming for Kidd — the league can’t let that slide. This was not a Budenholzer incidental bump. After the game here is what Kidd had to say.

After Kidd had gone to the showers, there was a little jawing on the court between Cousins (in street clothes) and the Bucks’ O.J. Mayo. That spilled over after the final buzzer into the tunnel, where there was at the very least some jawing, maybe a little shoving, and a lot of security stepping in before anything serious happened.

Whatever happened in the tunnel is going to be a lot harder for NBA disciplinarian Kiki Vandeweghe (technically the vice-president of basketball operations for the NBA) to sort out. Who started what, and did it rise to the level it calls for a fine or more, is going to be tricky, especially since this was out of site of the arena cameras.

Cavaliers stand in middle of Raptors dancers’ routine (video)

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The Cavaliers were ready for their game against the Raptors tonight, and Toronto’s dance team wasn’t going to change that.

The last time I remember something like this happening, Grizzlies guard Tony Allen walked through the Warriors’ kid dancers. This video doesn’t show got the Cavaliers got to that point, but they might have the defense of being there first. Allen definitely didn’t have that.

Wizards score six fourth-quarter points in loss to Hornets

Cody Zeller, Ramon Sessions
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Gary Neal made a jumper with 10:12 remaining in tonight’s Wizards-Hornets game.

That was Washington’s last basket.

Jared Dudley made a pair of free throws on the Wizards next possession, and Neal added two more free throws with 23 seconds left.

And that was all the Wizards scoring in the quarter.

Washington, which entered the final period up seven, lost 101-87 after its 1-for-20 final-period shooting.

The six fourth-quarter points were the fewest by an NBA team in a quarter since Cavaliers scored six third-quarter points in a Jan. 26, 2014 loss to the Suns. Last time a team scored so few in a fourth quarter: Nov. 13, 2012, when the Raptors had five against the Pacers.

At least Neal’s late free throws spared the Wizards further shame. Nobody has scored four or fewer points in a quarter since the Warriors managed just two in a Feb. 8, 2004 loss to the Raptors.

As it stands, this is one of only 44 times in the shot clock era a team has scored so few points in a quarter.

76ers tie NBA-record losing streak, dropping heartbreaker to Celtics

Isaiah Thomas, T.J. McConnell

After a rare period of on-court competence, the 76ers led the Celtics by five with two minutes left tonight.

Then, Philadelphia snatched defeat from the jaws of victory.

The 76ers yielded a 9-0 run to close an 84-80 setback.

They’re now 0-16. Combined with their 0-10 finish to last season, that’s a 26-game losing streak – tied for longest in NBA history. Last year’s 76ers already shared the record.

Philadelphia is also in danger of the worst start to a season. The 2009-10 New Jersey Nets began 0-18, and last year’s 76ers won only one game sooner.

The 76ers will try to avoid the all-time longest streak at the Rockets on Friday. If that goes unsuccessfully, they’ll try to avoid matching the worst season start at the Grizzlies on Sunday. And if both fail, they could set the worst-start record against the Lakers on Tuesday.

76ers-Lakers – it’s shaping up to be a big one.