AP source: Former Microsoft CEO wins Clippers bid

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AP source: Former Microsoft CEO wins Clippers bid
Shelly Sterling is congratulated outside the courthouse in Los Angeles on July 28, 2014 after a ruling was made in the case between her and her husband Donald over the sale of the NBA's Los Angeles Clippers basketball team. A California judge gave the go-ahead to the $2 billion sale of the Los Angeles Clippers to former Microsoft chief executive Steve Ballmer, ruling that embattled owner Donald Sterling could not block the move. AFP PHOTO/Frederic J. BROWN (Photo credit should read FREDERIC J. BROWN/AFP/Getty Images)
Shelly Sterling steps to the podium to respond to questions from the media outside the courthouse in Los Angeles on July 28, 2014 after a ruling was made in the case between her and her husband Donald over the sale of the NBA's Los Angeles Clippers basketball team. A California judge gave the go-ahead to the $2 billion sale of the Los Angeles Clippers to former Microsoft chief executive Steve Ballmer, ruling that embattled owner Donald Sterling could not block the move. AFP PHOTO/Frederic J. BROWN (Photo credit should read FREDERIC J. BROWN/AFP/Getty Images)
Shelly Sterling reacts while facing the media outside the courthouse in Los Angeles on July 28, 2014 after a ruling was made in the case between her and her husband Donald over the sale of the NBA's Los Angeles Clippers basketball team. A California judge gave the go-ahead to the $2 billion sale of the Los Angeles Clippers to former Microsoft chief executive Steve Ballmer, ruling that embattled owner Donald Sterling could not block the move. AFP PHOTO/Frederic J. BROWN (Photo credit should read FREDERIC J. BROWN/AFP/Getty Images)
Shelly Sterling reacts while facing the media outside the courthouse in Los Angeles on July 28, 2014 after a ruling was made in the case between her and her husband Donald over the sale of the NBA's Los Angeles Clippers basketball team. A California judge gave the go-ahead to the $2 billion sale of the Los Angeles Clippers to former Microsoft chief executive Steve Ballmer, ruling that embattled owner Donald Sterling could not block the move. AFP PHOTO/Frederic J. BROWN (Photo credit should read FREDERIC J. BROWN/AFP/Getty Images)
Shelly Sterling reacts to questions while meeting with the media outside the courthouse in Los Angeles on July 28, 2014 after a ruling was made in the case between her and her husband Donald over the sale of the NBA's Los Angeles Clippers basketball team. A California judge on Monday gave the go-ahead to the $2 billion sale of the Los Angeles Clippers to former Microsoft chief executive Steve Ballmer, ruling that embattled owner Donald Sterling could not block the move. AFP PHOTO/Frederic J. BROWN (Photo credit should read FREDERIC J. BROWN/AFP/Getty Images)
With her attorney Pierce O'Donnell, right, Shelly Sterling, center, talks to reporters after a judge ruled in her favor and against her estranged husband, Los Angeles Clippers owner Donald Sterling, in his attempt to block the $2 billion sale of the NBA basketball team, outside Los Angeles Superior Court, Monday, July 28, 2014. (AP Photo/Nick Ut)
LOS ANGELES, CA - MAY 30: Steve Ballmer (L) and Eric Garcetti attend Game Six of the Western Conference Final during the 2014 Stanley Cup Playoffs at Staples Center on May 30, 2014 in Los Angeles, California. (Photo by Noel Vasquez/GC Images)
Los Angeles Clippers owner Donald Sterling, right, and his wife Rochelle watch the Clippers play the Detroit Pistons during the second half of an NBA basketball game, Friday, Nov. 12, 2010, in Los Angeles. The Pistons won 113-107.(AP Photo/Mark J. Terrill)
Los Angeles Clippers Interim CEO Dick Parsons speaks at a press conference on May 12, 2014 at Staples Center in Los Angeles. Clippers owner Donald Sterling has offered his first public apology for racist remarks that saw him banned for life from the NBA. AFP PHOTO / ROBYN BECK (Photo credit should read ROBYN BECK/AFP/Getty Images)
Shelly Sterling, the estranged wife of Los Angeles Clippers owner Donald Sterling, arrives at a Los Angeles courthouse with her attorney Pierce O' Donnell, Monday, July 7, 2014. With the potentially record-breaking $2 billion sale of the Clippers hanging in the balance, a trial beginning Monday will focus on Shelly Sterling had the authority under terms of a family trust to unilaterally negotiate the deal. (AP Photo/Nick Ut)
Shelly Sterling, the estranged wife of Los Angeles Clippers owner Donald Sterling, arrives at a Los Angeles courthouse with her attorney Pierce O' Donnell, Monday, July 7, 2014. With the potentially record-breaking $2 billion sale of the Clippers hanging in the balance, a trial beginning Monday will focus on Shelly Sterling had the authority under terms of a family trust to unilaterally negotiate the deal. (AP Photo/Nick Ut)
LOS ANGELES, CA - MAY 7: Donald Sterling, owner of the Los Angeles Clippers, left and his wife Shelly pose for a photograph before his team played the Memphis Grizzlies in Game Four of the Western Conference Quarterfinals during the 2012 NBA Playoffs at Staples Center on May 7, 2012 in Los Angeles, California. 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. Mandatory Copyright Notice: Copyright 2012 NBAE (Photo by Andrew D. Bernstein/NBAE via Getty Images)
Former Microsoft CEO Steve Ballmer takes in a Clippers playoff game with NBA commissioner Adam Silver in May. Ballmer has reportedly agreed to purchase the Clippers for $2 billion, according to the Los Angeles Times.
LOS ANGELES, CA - OCTOBER 27: David Geffen attends the Los Angeles Lakers vs Los Angeles Clippers game on October 27, 2009 in Los Angeles, California. (Photo by Noel Vasquez/Getty Images)
OAKLAND, CA - APRIL 24: Oracle CEO Larry Ellison watches the Los Angeles Clippers face the Golden State Warriors in Game Three of the Western Conference Quarterfinals during the 2014 NBA Playoffs at Oracle Arena on April 24, 2014 in Oakland, California. 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 Getty Images License Agreement. Mandatory Copyright Notice: Copyright 2014 NBAE (Photo by Rocky Widner/NBAE via Getty Images)
Los Angeles Clippers owner Donald Sterling, upper right, watches the Golden State Warriors play the Clippers during the first half of an NBA basketball game, Saturday, April 10, 2010, in Los Angeles. (AP Photo/Mark J. Terrill)
A Los Angeles Clippers fan holds up a t-shirt cursing the team's owner Donald Sterling durring game 6 against the Oklahoma City Thunder on May 15, 2014 at Staples Center in Los Angeles, California, in their NBA playoffs round two series in which the Thunder defeated the Clippers 104-98 to win the series by four games to two. AFP PHOTO/Frederic J. BROWN (Photo credit should read FREDERIC J. BROWN/AFP/Getty Images)
LOS ANGELES, CA - MAY 15: Rochelle Sterling attends an NBA playoff game between the Oklahoma City Thunder and the Los Angeles Clippers at Staples Center on May 15, 2014 in Los Angeles, California. (Photo by Noel Vasquez/GC Images)
LOS ANGELES, CA - MAY 15: Rochelle Sterling (L) and Pierce O'Donnell attend an NBA playoff game between the Oklahoma City Thunder and the Los Angeles Clippers at Staples Center on May 15, 2014 in Los Angeles, California. (Photo by Noel Vasquez/GC Images)
OAKLAND, CA - APRIL 27: Shelly Sterling (C), the wife of Donald Sterling owner of the Los Angeles Clippers, watches the Clippers against the Golden State Warriors in Game Four of the Western Conference Quarterfinals during the 2014 NBA Playoffs at ORACLE Arena on April 27, 2014 in Oakland, California. The players wore theirs warm up this way in protest of owner Donald Sterling's racially insensitive remarks. 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 Thearon W. Henderson/Getty Images)
LOS ANGELES, CA - APRIL 29: Rochelle Sterling attends an NBA playoff game between the Golden State Warriors and the Los Angeles Clippers at Staples Center on April 29, 2014 in Los Angeles, California. (Photo by Noel Vasquez/GC Images)
Shelly Sterling (R), wife of embattled owner of Los Angeles Clippers, Donald Sterling, watches Game 3 of the Clippers second round NBA playoff series against the Oklahoma City Thunder on May 9, 2014 at Staples Center in Los Angeles, California. AFP PHOTO/Frederic J. BROWN (Photo credit should read FREDERIC J. BROWN/AFP/Getty Images)
NBA Commissioner Adam Silver speaks to the media regarding the investigation involving Los Angeles Clippers owner Donald Sterling on April 29, 2014 at the New York Hilton Midtown in New York City.
NBA Commissioner Adam Silver addresses the media about the investigation involving Los Angeles Clippers owner Donald Sterling and accusations that he made racist remarks to a girlfriend. Sterling, a billionaire, will be banned for life in the NBA. Sterling has a controversial history in racially charged Los Angles with previous accusations of racism tempered by philanthropic work in inner city neighborhoods.
Los Angeles Mayor Eric Garcetti, Sacramento Mayor Kevin Johnson and former Los Angeles Lakers player Norm Nixon addresses the media during the press conference in response to the NBA's decision to ban Clippers owner Donald Sterling for life.
Former Los Angeles Lakers player A. C. Green and Kareem Abdul-Jabbar address the media during the press conference in response to the NBA's decision on Donald Sterling.
NBA Commissioner Adam Silver speaks to the media regarding the investigation involving Los Angeles Clippers owner Donald Sterling.
Director and actor Spike Lee watches as NBA Commissioner Adam Silver addresses the media about the investigation involving Los Angeles Clippers owner Donald Sterling.
Spike Lee attends the press conference as NBA Commissioner Adam Silver discusses punishment for Los Angeles Clippers owner Donald Sterling.
The Clippers wear their warmup jerseys inside-out prior to Game 3 of their playoff series against the Warriors in protest of owner Donald Sterling.
DALLAS, TX - APRIL 28: Members of the Dallas Mavericks and the San Antonio Spurs wear black socks in protest of comments made by Los Angeles Clippers owner Donald Sterling in Game Four of the Western Conference Quarterfinals.
Earvin 'Magic' Johnson Jr speaks at a press conference on student scholarships in Indiana on April 28, 2014 in Gary, Indiana. The NBA Hall of Famer held the press conference to promote a benefit to raise money for student scholarships in Gary. During the press conference Johnson also answered questions in regard to comments made by Los Angeles Clippers Owner Donald Sterling.
Los Angeles Clippers owner Donald Sterling attends the NBA playoff game between the Clippers and the Golden State Warriors, April 21, 2014 at Staples Center in Los Angeles, California.
In this Oct. 17, 2010 file photo, Los Angeles Clippers team owner Donald Sterling watches his team play in Los Angeles.
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LOS ANGELES (AP) - Former Microsoft CEO Steve Ballmer has agreed to buy the Los Angeles Clippers for a record-breaking $2 billion. Now it's up to others whether the deal goes through.

Shelly Sterling said in a statement issued late Thursday that she'd signed a binding contract for a sale of the Clippers by The Sterling Family Trust to Ballmer in what would be a record deal if approved by the NBA.

Ballmer "will be a terrific owner," Sterling said, "We have worked for 33 years to build the Clippers into a premier NBA franchise. I am confident that Steve will take the team to new levels of success."

Microsoft Ex-CEO Ballmer Agrees To Buy Clippers For $2B

Sterling negotiated the sale after her husband, Donald Sterling, made racist remarks that were made public. The remarks included Sterling telling girlfriend V. Stiviano not to bring blacks to Clippers games, specifically mentioning Hall of Famer Magic Johnson.

Shelly Sterling's statement noted that she made the deal "under her authority as the sole trustee of The Sterling Family Trust, which owns the Clippers." Donald Sterling's attorneys contend that he is a co-owner and therefore must give his assent for the deal to go through. They also say he won't be giving it.

"Sterling is not selling the team," said his attorney, Bobby Samini. "That's his position. He's not going to sell."

Ballmer beat out bids by Guggenheim Partners and a group including former NBA All-Star Grant Hill after presenting an "all-around superior bid," according to an individual with knowledge of the negotiations. The individual, who wasn't authorized to speak publicly, said Ballmer made more than an hour-long personal visit to Shelly Sterling's Malibu home Sunday and laid out his plan.

"He knocked their socks off, they bonded, had a good connection," the individual said. The amount was also the largest of the offers, and Ballmer was one potential buyer to deal with rather than numerous members of a group.

Ballmer said in a statement that he is honored to have his name submitted to the NBA for approval and thanked the league for working collaboratively with him throughout the process.

"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. "LA is one of the world's great cities - a city that embraces inclusiveness, in exactly the same way that the NBA and I embrace inclusiveness."

On Thursday, Magic Johnson lauded the deal on his Twitter account: "Steve Ballmer owning the Clippers is a big win for the City of LA and all the people who live in the City of Angels!"

Though Donald Sterling's attorneys now say he won't agree to sell the team, a May 22 letter obtained by The Associated Press and written by another of Sterling's attorneys that says that "Donald T. Sterling authorizes Rochelle Sterling to negotiate with the National Basketball Association regarding all issues in connection with a sale of the Los Angeles Clippers team." It includes the line "read and approved" and Donald Sterling's signature.

Samini said Sterling has had a change of heart primarily because of "the conduct of the NBA." He said NBA Commissioner Adam Silver's decision to ban Sterling for life and fine him $2.5 million as well as to try to oust him as an owner was him acting as "judge, jury and executioner."

"They're telling me he should stand back and let them take his team because his opinion on that particular day was not good, was not popular?" Samini said. "It doesn't make sense. He's going to fight."

It's unclear how the agreement will affect a special hearing of NBA owners planned for Tuesday in New York to consider the charge against Donald Sterling for damaging the league with his comments. A three-quarters vote of the 30 owners to support the charge would have resulted in the termination of both Sterlings' ownership of the franchise. The deal is expected to be presented to the league before Tuesday, according to the individual.

Silver has said his preference would be for the franchise to be sold rather than seized - and that means sold in its entirety, with neither Sterling retaining a stake. Though according to the deal's terms Ballmer will own 100 percent of the team, Shelly Sterling may continue to be involved under conditions worked out privately with Ballmer, the individual said.

Franchise sale prices have soared since the current collective bargaining agreement was ratified in 2011. The Milwaukee Bucks were just sold to New York investment firm executives Marc Lasry and Wesley Edens for about $550 million, an NBA record.

Last year, Vivek Ranadive's group acquired a 65 percent controlling interest in the Sacramento Kings at a total franchise valuation of more than $534 million.

This is not Ballmer's first foray into potential NBA ownership. Ballmer and investor Chris Hansen headed a group that agreed to a deal to buy the Kings from the Maloof family in January 2013 with the intention of moving the team to Seattle, where the SuperSonics played until 2008.

But Sacramento Mayor Kevin Johnson lobbied the NBA for time to put together a bid to keep the team in California, and though the Ballmer-Hansen group later increased its offer, owners voted to deny the bid for relocation and the Kings were sold to Ranadive.

The former Microsoft CEO helped Bill Gates transform the company from a startup with fewer than 40 employees and $12 million in annual revenue into the world's most valuable business. The pair met in 1973 while living down the hall from each other in a Harvard dorm.

During his tenure at Microsoft, Ballmer was known for his competitive drive and wild displays of emotion and hand-waving.

At his farewell address to Microsoft employees, he high-fived and hugged audience members, pumped his fists in the air, and even shed tears as the popular 1987 song "(I've Had) The Time of My Life" played on the sound system. In a video of the event widely viewed on YouTube, he screams: "You work for the greatest company in the world!"

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