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

74 Comments

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.

Blake Griffin’s dunk attempt stuffed by Jarrett Allen. Again (video)

Leave a comment

Pistons star Blake Griffin learned his lesson after getting his dunk blocked by Nets center Jarrett Allen in the preseason. In the regular-season opener, Griffin went up even harder.

And Allen still stopped him!

Kevin Durant’s brother says Instagram comment wasn’t about star leaving Warriors this summer

AP Photo/Ben Margot
Leave a comment

Rumors about Kevin Durant leaving the Warriors are intensifying. Even people within the Golden State organization are bracing themselves for him to depart in free agency next summer.

Not even the Warriors collecting their championship rings could stop the momentum.

In fact, last night’s celebration contributed to the noise.

Kevin’s brother, Tony, commented on Kevin’s Instagram post featuring the rings, “Filling the hand up before we get outta here!”

Rob Perez of The Action Network:

My best guess was “here” meant the Warriors’ arena in Oakland. This is their last season there before moving to a new arena in San Francisco Francisco.

Or maybe “here” meant in the NBA. Careers in the NBA are finite.

Another thought that crossed my mind: “Here” could have meant in this world. Lives, too, are finite.

The only clear part: Tony wants Kevin to win a handful of rings. The deadline is nebulous.

Of course, the loudest speculation was “here” meant playing for the Warriors and this being the last run. But Tony sharply denied that.

Perez:

If you want to be a conspiracy theorist, perhaps Tony meant leaving Golden State after this season but Kevin just instructed him to downplay it to quiet chatter. I suppose that’s possible, though it wouldn’t jibe with Kevin’s tell-the-truth-about-free-agency approach.

Occam’s Razor suggests taking Tony at his word, and that’s what I’ll do.

Report: Tom Thibodeau raised asking price for Jimmy Butler after infamous practice

AP Photo/David Zalubowski
3 Comments

After sitting out while awaiting a trade rehabbing after injuring his wrist, Jimmy Butler practiced with the Timberwolves for the first time last week. He reportedly showed up late, talked a ton of trash and led third-stringers to a win over the starters then left early.

Amidst widespread speculation they had to trade Butler after that, the Tom Thibodeau-run Timberwolves put out word they considered it their best practice of the year.

Maybe Thibodeau is that insanely competitive. Maybe he was just trying to preserve leverage.

If it were the latter, he sure stuck to his story.

Adrian Wojnarowski on ESPN:

Teams who talked to Minnesota after his first practice, literally the day after his practice, Minnesota was asking for more then than they were before the day. Which tells you this: Minnesota is not trading him. They’re asking for packages that know teams aren’t going to agree to.

The Timberwolves are in a though spot. Butler is an excellent player, but everyone knows he wants out. I don’t blame them for trying to maximize their limited leverage.

How will Butler react to this revelation, though? Timberwolves owner Glen Taylor said he told Butler the team would seek a trade. Butler pledged to play hard in the meantime.

But if Butler playing hard just makes it less likely Minnesota will trade him, will he feel as if the team isn’t holding up its end of the bargain? Then what?

It has long seemed Taylor and Thibodeau are on different pages on several issues. Though Taylor just backed Thibodeau, Butler could drive a wedge even deeper between the owner and president-coach.

Russell Westbrook sneak-snacking steals show on NBA’s opening night

1 Comment

NBA’s opening night was quite tame. The Celtics and Warriors won as expected, neither the 76ers nor Thunder mounting much of a challenge.

That allowed Russell Westbrookout with an injury — to have the most fun moment when he looked around deviously, turned to his side and ate something.

What did did Westbrook eat? Was he not supposed to be eating? Did he not want to share? Big questions remain unanswered surrounding this important incident.