Former Microsoft CEO, Steve Ballmer, Will Buy Clippers for $2B

Former Microsoft CEO, Steve Ballmer, Will Buy Clippers for $2B
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According to the LA Times, former Microsoft CEO, Steve Ballmer, will buy the Los Angeles Clippers for $2 billion. The sale of the team will be completed upon the signature of Donald Sterling. The $2 billion purchase will be a record-setting deal for an NBA team. Among the major sports leagues in America, only the Dodgers raised a higher bid with their $2.1 billion deal. Upon the complete purchase of the team, all other 29 owners must approve of the purchase; however, as long as Ballmer plans to keep the Clippers in Los Angeles -- which he does -- that should pose a threat.

The NBA's owners were initially supposed to vote on Sterling on June 3rd.

Ballmer served as CEO of Microsoft for 14 years.

Update: 8:55 PM ET on 5/29/14

Steve Ballmer has signed a binding agreement with the Sterling family to sell the Clippers for 2$ billion, reports ESPN's Ramona Shelburne. The agreement will go straight to the NBA for approval.