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Ex-Microsoft CEO Steve Ballmer has agreed to buy the Los Angeles Clippers from censured owner Donald Sterling for $2 billion. The purchase, which would be the priciest team acquisition in the league's history, must be approved by the 29 other team owners. "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," Ballmer said in a statement.
Ballmer's $2 billion offer for the Clippers far surpasses the previous record for an NBA team -- $550 million paid this month for the Milwaukee Bucks. The price checks in at the second most expensive sports purchase, behind the 2012 sale of the Dodgers for $2.1 billion. Ballmer signed a binding contract with Shelly Sterling, who was acting as sole trustee of the Sterling family trust, which owns the team.
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