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L.A. Clippers Sale

Agreement to Be Signed Tonight

5/29/2014 7:23 PM PDT BY TMZ STAFF
Exclusive Details

0529_Steve-Ballmer_shelly_sterlingShelly Sterling will sign a deal Thursday night to sell the L.A. Clippers to former Microsoft CEO Steve Ballmer ... for $2 billion ... sources familiar with the negotiations tell TMZ Sports.

Contrary to various reports ... the deal has not be signed, but in the last 2 hours Ballmer and Shelly have made "an agreement in principle." 

We're told lawyers for both sides are currently hammering out details, and they expect the parties will sign on the dotted line before midnight Pacific Time

Our sources say Ballmer has agreed that he will not move the team from Los Angeles to Seattle ... where he has deep roots. We do not know if that promise is memorialized in the agreement.

For more sports stories, check out tmzsports.com!
112 COMMENTS

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16.

Friend    

No wonder Microsoft sucks, this guy is an idiot to pay $2 billion for a team worth about $60...0 million. TMZ Sports sucks by the way.

93 days ago
17.

Usagi-chan    

And then I never had to hear about any of these people again....

93 days ago
18.

GothamGirl    

Self-loathing, white Uncle Tom, Jeffrey Toobin, must be doing BACK FLIPS!!!

93 days ago
19.

boo boo    

Whoever wrote this should not be in the business of writing things.

93 days ago
20.

Sarah Sota     

They shud buy Popeyes Chicken.

93 days ago
21.

goaway    

Yeah.. that figure.sounds right... maybe even higher like 2.2- 2.4 billion ...international revenues are about to hit the books...Sounds like he got a deal . I doubt that he will NOT move the clippers...you pay that kind of money....you pretty much do what you want.., Donald moved the clippers from San Diego to LA...

93 days ago
22.

Mr.ha    

TMZ just broke this story , Sterlings bid $1.9 billion for KFC. Say What

93 days ago
23.

Truth    

STERLING WILL BE SENDING TMZ A HUGE F-YOU CARD. STERLINGS BOT THE TEAM FOR 12.5 MIL AND SELLS FOR 2 BIL. A NET OF $1.9875 BIL. CONCLUSION?? RACISM PAYS... COMPLIMENTARY GIFTS GO TO ADAM SILVER, AL SHARPTON, AND JESSIE JACKSON.#TRUTH!!

93 days ago
24.

bring back recent posts    

I wonder how long it is until V.Stupido calls THE REAL DONALD and says..." See sweetie , you and Shelly made a 0ne point 887.5 billion profit, are u still made at me? Remember I still have those other 99 hours of tapes...........( which no one will care about) I hope he leaves her in the gutter regardless.

93 days ago
25.

jackmama311    

a little hidden part of the deal was no tranny autobiographers allowed in the new venue.

93 days ago
26.

doggbone    

He looks like the grand dragon of the KKK

93 days ago
27.

sem    

How on earth is a team that's NEVER WON SH!T worth 2 billion dollars??? Am I missing something here?!

93 days ago
28.

BoredAgain    

This whole situation is mucked up. I do not condone racism, but this man should not be forced out of the NBA, or to sell his team.

93 days ago
29.

Kat46    

Not saying any of this is right. But if the media and everyone else didn't blow all of this out of proportion he wouldn't be getting all this money. Sometimes it's best to leave it alone and let karma do it's work. Now he's laughing all the way to the bank.

93 days ago
30.

bring back recent posts    

Think of what the banks did six years back. Basically this sale is doing the same inflated value on a sports team versus real estate, STUPIDO all the way, and all for ego.

93 days ago
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