Steve Ballmer

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

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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?

Anthony Morrow says he’ll switch from No. 1 with Bulls after Derrick Rose fans complain

CHICAGO, IL - FEBRUARY 24: Anthony Morrow #1 of the Chicago Bulls participates in warm-ups beofre the Bulls take on the Phoenix Suns at the United Center on February 24, 2017 in Chicago, Illinois. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and/or using this photograph, user is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Jonathan Daniel/Getty Images)
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Anthony Morrow clearly didn’t follow the Michael Carter-Williams saga.

Morrow, like Carter-Williams, took No. 1 when joining the Bulls.

And Morrow, like Carter-Williams, swiftly changed course when Derrick Rose fans protested.

Morrow:

Morrow had never worn No. 1 in the NBA. The No. 23 he wore with the Mavericks is obviously retired in Chicago for Michael Jordan, and two of Morrow’s other previous numbers — No. 2 (Jerian Grant), No. 3 (Dwyane Wade) — were already taken. As far as Morrow’s other previous number, Cameron Payne, who came from the Thunder with Morrow, kept the No. 22 the point guard wore in Oklahoma City.

So, Morrow needed a new number. I’m just not sure why the Bulls didn’t warn him off No. 1 and the backlash that would come with it.

Doc Rivers on DeMarcus Cousins: “I’m 55. It’s tough for me to call a grown man ‘Boogie'”

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The Kings trade with the Pelicans has made DeMarcus Cousins the NBA’s mostdiscussed player lately.

But Clippers president/coach Doc Rivers isn’t sure he can address Cousins by his nickname.

J.A. Adande of ESPN:

Cool story, Glenn.

Deron Williams clears waivers, intends to sign with Cavs

CHARLOTTE, NC - DECEMBER 01:  Deron Williams #8 of the Dallas Mavericks brings the ball down the floor against the Charlotte Hornets during their game at Spectrum Center on December 1, 2016 in Charlotte, North Carolina. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement.  (Photo by Streeter Lecka/Getty Images)
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CLEVELAND (AP) — Free agent guard Deron Williams has cleared waivers and told the Cleveland Cavaliers he intends to sign with them.

Williams, a five-time All-Star, was waived earlier this week by Dallas. He will give the defending NBA champions a playmaker they’ve needed all season and one LeBron James demanded.

Williams cannot sign with the Cavs until Monday. Cleveland hosts the Milwaukee Bucks that night. The Cavs will be the fourth team for Williams, who is averaging 13.1 points this season.

Cleveland coach Tyronn Lue can bring him off the bench and also play him with Cleveland’s starters to give James and Kyrie Irving rest before the playoffs.

Kyle Lowry plays through injury in All-Star game, out for Raptors now

NEW ORLEANS, LA - FEBRUARY 19:  Kevin Durant #35 of the Golden State Warriors and Kyle Lowry #7 of the Toronto Raptors in action during the 2017 NBA All-Star Game at Smoothie King Center on February 19, 2017 in New Orleans, Louisiana. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and/or using this photograph, user is consenting to the terms and conditions of the Getty Images License Agreement.  (Photo by Jonathan Bachman/Getty Images)
Jonathan Bachman/Getty Images
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Kyle Lowry participated in the 3-point contest. He played nearly 18 minutes in the All-Star game.

But when the Raptors played the Celtics in their first game after the break, Lowry never saw the court.

He was sidelined with a right wrist injury suffered in Toronto’s final game before the break.

Arden Zwelling of Sportsnet:

He can’t pinpoint exactly when it happened and didn’t even feel it during the game, but when Lowry woke up the next morning he knew something was up.

“Honestly, I thought I’d slept on it wrong — I thought it would go away,” Lowry said. “It was a little sore, but I paid no attention to it.”

Unconcerned at the time, Lowry didn’t tell anyone but his wife about the wrist pain, and took off for New Orleans where he participated in both the NBA’s three-point contest and all-star game this past weekend. He received some treatment in between his all-star appearances and iced his wrist on and off, but he still saw little cause for alarm.

“I thought over the break it would rest up and heal up,” Lowry said. “But it constantly stayed bothering me.”

“That’s a blow — that’s a huge blow for us,” Raptors head coach Dwane Casey said Friday evening after announcing the injury. “I don’t know how long he’s going to be out. But, no, it’s not a one-day thing.”

This is bad — bad for the Raptors and bad for Lowry’s reputation.

Lowry might have wanted to show his toughness by not running to the doctor for every bump or bruise. But this will also raise questions about whether he prioritized the shine of All-Star Weekend over the grind of Toronto’s season. Lowry is not a trained medical professional, so it’s understandable he misdiagnosed his injury. But he makes his living using his body, and his employer provides trained medical professionals to handle these types of things. Lowry’s bet that his wrist would heal over the break clearly backfired.

And now the Raptors pay the price. They traded for Serge Ibaka and P.J. Tucker to make a push, but that’ll be much tougher without the the team’s best player. Toronto beat Boston without Lowry, but the Raptors are still fourth in the Eastern Conference. Passing the Wizards for third is paramount to avoiding a second-round matchup with the Cavaliers and getting a clearer path back to the conference finals.

Every game matters now for Toronto, and wherever blame falls, Casey nailed the outcome: Lowry’s injury is a huge blow.