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.

Joseph Tsai to buy rest of Nets, Barclays Arena for $3.4 billion

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NEW YORK — Joe Tsai has agreed to buy the remaining 51 percent of the Brooklyn Nets and Barclays Center from Mikhail Prokhorov in deals that two people with knowledge of the details say are worth about $3.4 billion.

Terms were not disclosed Friday, but the people told The Associated Press that Tsai is paying about $2.35 billion for the Nets – a record for a U.S. pro sports franchise – and nearly $1 billion in a separate transaction for the arena. They spoke on condition of anonymity because the transactions have not yet been completed.

Tsai is the co-founder and executive vice president of the Alibaba Group, the Chinese e-commerce giant. He already had purchased a 49 percent stake in the team from Prokhorov in 2018, with the option to become controlling owner in four years.

Instead, he pushed up that timeline for full ownership of a team on the rise after signing superstars Kevin Durant and Kyrie Irving in July.

Prokhorov, a Russian billionaire, became the NBA’s first non-North American owner in 2010 and oversaw the Nets’ move from New Jersey to Brooklyn two years later. He spent big in the first couple years after the move in a quest to chase a championship, but the team soon became one of the worst in the NBA before rallying to return to the playoffs last season.

“It has been an honor and a joy to open Barclays Center, bring the Nets to Brooklyn, and watch them grow strong roots in the community while cultivating global appeal,” Prokhorov said in a statement. “The team is in a better place today than ever before and I know that Joe will build on that success, while continuing to deliver the guest experience at Barclays Center that our fans, employees, and colleagues in the industry enjoy.”

The deal is expected to be completed by the end of September and is subject to approval by the NBA’s Board of Governors.

That would put Tsai, a native of Taiwan, in full control of the team by the time the Nets head to China to play two exhibition games against the Los Angeles Lakers in October. That comes at the start of a season of renewed excitement for the Nets, who just three seasons ago won an NBA-worst 20 games but are set to make a big move up the standings after landing two of the best players on the market when free agency opened.

“I’ve had the opportunity to witness up close the Brooklyn Nets rebuild that Mikhail started a few years ago. He hired a front office and coaching staff focused on player development, he supported the organization with all his resources, and he refused to tank,” Tsai said. “I will be the beneficiary of Mikhail’s vision, which put the Nets in a great position to compete, and for which I am incredibly grateful.”

Brett Yormark, the CEO of BSE Global, which manages the team and the arena, will oversee the transition before leaving for a new role.

Jazz coach Quin Snyder tells Donovan Mitchell to ‘be a sponge’ around Gregg Popovich

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While other players continue to pull out of the USA Basketball roster — De'Aaron Fox was the latest, and P.J. Tucker before him — Utah’s Donovan Mitchell has been outspoken in his commitment to the team.

“Me, I’m 22, some guys are older and got to rest their bodies and I understand that…” Mitchell said Friday night after Team USA’s exhibition game win over Spain. “For me, I’ve never been part of USA Basketball and I’m honored to be here, I’m honored to have this privilege to go out and compete.”

A lot of players have left — or just not put their names in the hat in the first place — saying they wanted to focus on preparing for the regular season, especially players in the Western Conference, which is deep with outstanding teams. The Utah Jazz, now with Mike Conley at the point, are one of those teams with high expectations.

Mitchell, however, has the full backing of his coach Quin Snyder to stay with Team USA and learn from Gregg Popovich, as Snyder told Marc Stein of the New York Times.

“Both Donovan and I have been excited for this opportunity, not just the chance to compete for his country but to play for Pop. I think he has an appreciation for the fact that he’s playing for the greatest coach that’s ever coached…

“Just try to throw yourself completely into it,” Snyder said he told Mitchell. “And try to communicate with Coach as much as you can. Be a sponge.”

Popovich has had an impact on the young players on the roster. For example, there’s more maturity to Kyle Kuzma‘s game, and Popovich recognized him on the court Friday night when Kuzma made a couple of smart plays against Spain.

Just having different coaching voices — not just Popovich but his assistants Steve Kerr, Lloyd Pierce, and Villanova’s Jay Wright — can help a young player. The message may be consistent, but said in a different way, one that better gets through to the player. Styles matter.

Mitchell led Team USA in scoring against Spain with 13, but Snyder and Jazz fans are hoping for more. Not just gold at the World Cup in China starting Sept. 1, but that Mitchell comes back energized and with a broadened game after having been a sponge next to Popovich.

Marcus Smart reportedly cleared to play for Team USA

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Through two weeks of training camp, first in Las Vegas then in Los Angeles, through one intrasquad scrimmage and one exhibition game, Marcus Smart has sat in street clothes.

The Celtics guard has a calf injury that has sidelined him. On Thursday in Los Angeles he took part in the shooting parts of practice during training camp, but not the full-contact scrimmages against the select team. All he could really do was this.

Friday night he never got out of his warmups and did not play against Spain, but he did say on the broadcast he would be back.

Turns out, he was cleared to be back the next day according to Mark Stein of the New York Times.

This takes away a little of the sting of De'Aaron Fox deciding to withdraw from the team just before it left on Saturday for Australia.

It also means four Celtics are on the USA roster: Smart, Kemba Walker, Jayson Tatum, and Jaylen Brown. USA assistant coach Steve Kerr jokingly said to me last week he asked Brad Stevens for a thank you gift for running Celtics mini-camp.

Smart is one of the 13 players headed down under for a series of tune-up games before the World Cup (against Australia and Canada). If he’s fully healthy enough to go, Smart is a lock to make the roster because of his physical perimeter defense and ability to shoot the three (36 percent last season in the NBA, and the international line is a little closer in). He likely would come off the bench at the two behind Donovan Mitchell.

Bill Walton broadcast White Sox vs. Angels game and was nothing short of brilliant

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Bill Walton is brilliant.

The Hall of Fame hippie and big man was in the broadcast booth Friday night — not for basketball, but for the White Sox vs. Angels MLB game. Walton loves baseball even if his understanding of the sport is… unconventional.

I want Bill Walton to narrate my life.

The world missed him while he battled serious back issues, it’s so good to have him out and around and being himself again.