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?

Report: David Lee, Tyler Zeller in line to start for Celtics; Jared Sullinger, Jonas Jerebko out of rotation

MADRID, SPAIN - OCTOBER 08: David Lee of Boston Celtics attacks during the friendlies of the NBA Global Games 2015 basketball match between Real Madrid and Boston Celtics at Barclaycard Center on October 8, 2015 in Madrid, Spain.  (Photo by Gonzalo Arroyo Moreno/Getty Images)
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Brad Stevens has a big challenge this year – sorting the Celtics’ deep roster of similarly able players.

It seems that process is shaking out at power forward and center.

A. Sherrod Blakely of CSN Northeast:

it appears Boston’s first four bigs will be starters David Lee and Tyler Zeller, with Amir Johnson and Kelly Olynyk off the bench.

That leaves Jonas Jerebko and Jared Sullinger, potentially on the outside looking in as far as the regular rotation is concerned.

Lee is the best passer of the bunch, which could partially explain why he’s starting. Boston’s most likely starting point guard, Marcus Smart, is still growing into the role of the lead ball-handler at the NBA level. Lee and presumptive starting shooting guard Avery Bradley can take some pressure off him.

Olynyk can space the floor for Isaiah Thomas-Johnson pick-and-rolls with the reserves and run pick-and-pops with Thomas himself.

I’m a little surprised Zeller is starting over Johnson, though. The Celtics just signed Johnson to a $12 million salary, and I thought they’d rely on his defense to set a tone early. Like Johnson, Zeller is a quality pick-and-roll finisher who can thrive with Thomas.

This is particularly bad news for Sullinger, who – barring a surprising contract extension – is entering a contract year. It seems those reports of offseason conditioning haven’t yet paid off. Jerebko’s deal also isn’t guaranteed beyond this season, but at least he has already gotten his mid-sized payday. Sullinger is still on his rookie-scale contract.

51Q: Does Ty Lawson vault the Rockets into the top tier of championship contenders?

DENVER, CO - MARCH 07:  James Harden #13 of the Houston Rockets controls the ball against Ty Lawson #3 of the Denver Nuggets at Pepsi Center on March 7, 2015 in Denver, Colorado. The Rockets defeated the Nuggets 114-100. 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 Doug Pensinger/Getty Images)

I see five clear upper-echelon championship contenders –  Warriors, Spurs, Clippers, Thunder and Cavaliers.

Do the Rockets belong in that group, or do they fill the next tier by themselves?

Ty Lawson – acquired for pennies on the dollar – could put Houston over the top.

But, really, this premise might not be fair to the Rockets. They earned the No. 2 seed in the Western Conference last season and reached the conference finals last season. James Harden finished second in MVP voting. Dwight Howard looked like a star during the playoffs. The supporting cast – Trevor Ariza, Terrence Jones, Donatas Motiejunas, Patrick Beverley, Corey Brewer and even Jason Terry – played better than anyone expected. Young players like Clint Capela, K.J. McDaniels, Sam Dekker and Montrezl Harrell could make a leap at any moment.

There’s a case to be made we should have taken Houston more seriously even before trading for Lawson.

I didn’t, though, and I don’t think many others did either.

I suspect one of the biggest reasons is the Rockets’ balance. Houston – 12th in points scored per possession, sixth in points allowed per possession – was one of only two teams to win more than 51 games last season without ranking top five in either category. Of the seven teams with so many victories, the Hawks – sixth, seventh – were the only other. Atlanta was a darling team, winning 60 games after going 38-44 the season prior. The Rockets’ modest win increase, from 54 to 56, drew less attention.

But balance shouldn’t be punished. Houston’s surprisingly strong defense should be celebrated. Lawson might push its middling offense over the top.

There are reasons to question that, though.

The biggest is Lawson’s sobriety. If he’s not focused and engaged, this all goes out the window. His comments about going to rehab only because it was court-ordered raise doubts, though they hardly foretell anything.

Let’s say Lawson’s off-court problems are behind him. How big of an upgrade is he? The Rockets already had a pretty good point guard who fit well with Harden in Beverley. Lawson is a clear offensive upgrade, but in the biggest moments, the ball will still run through Harden. At that point, would you rather have Beverley or Lawson on the floor? Beverley is a far superior defender, and his off-ball offensive game isn’t far from Lawson’s. Beverley is is a fine spot-up shooter, and Lawson’s strengths involve having the ball and creating. Lawson’s biggest boost could come when Harden sits, but that was fewer than 12 minutes per game last season.

Sure, a secondary ball-handler could ease pressure on Harden throughout a long regular season. Lawson and Harden can take turns running the attack.

But we’re talking about title contention, and in those high-leverage situations, it’s Harden’s show. How much does Lawson matter then?

The Rockets have a chance to win a championship. As good a chance as the NBA’s five best teams? I’m not so sure.