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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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1.

Lisa    

TMZ, just admit your last "not true" story was false. Who is your source? The same people that said Kimye's wedding will be at Versailles?

54 days ago
2.

ariesalyson    

Can't believe one person has that much money. Whoohoo though! Hope they become the new Sonics!!! :-)

54 days ago
3.

n2cr8zysht    

What a bargin...

54 days ago
4.

BLUE UGLY đź’©    

omg I'm so excited

54 days ago
5.

Mr.ha    

He can thank TMZ, and the angry black folks for all that extra money. He's going to laughing all the to the bank. Not really a loser after all?

54 days ago
6.

Edddie Nash    

Team won't be moving to Seattle. TMZ doesn't know if its in the agreement but other news outlets do and they say it is. Also can't change the name is in the agreement.

54 days ago
7.

Mr.ha    

Sorry, way to the bank.

54 days ago
8.

GothamGirl    

Disgusting! And for those who say "look at the profit they made", how would you feel if you were removed from your home, against your will, and received a check for what your home was worth?

54 days ago
9.

gegeok    

Over priced..2 billion for the Cloppers!!!

54 days ago
10.

Onward    

"an agreement in principal."

And probably in principle, too.

54 days ago
11.

Mr.ha    

Sorry again, he's going to laughing all the way to the bank. Think I got it this time.

54 days ago
12.

Mike    

Like Federal Reserve or NBA head or Disney or NYTimes, Clippers are to big to be released from Jewish hands. There's no way it was going to Oprah or Magic.

54 days ago
13.

bring back recent posts    

This is a travesty for the NBA, I truly hope the other 29 owners regect the deal. This is all about EGO by the men who really are not Biz peeps, they lucked out in life. Any person with half a brain would say the same if you know the basics about business. Sad day or night.

54 days ago
14.

Badger1225    

I hope he can move them to Seattle despite the agreement. LA never really supported the Clippers anyway. They could keep the name, even makes a little sense as the Boeing Clipper aircraft was made in Seattle.

54 days ago
15.

harvey is racist    

damn..

these racist pieces of **** made 2 billion dolalrs just like that.

Thats crazy.

They still wouldnt sell to anyone who's not white.lol

Now with 2 billion dollars in their pocket , they can do whatever they want .

54 days ago
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