Donald Sterling agrees to sell to L.A. Clippers to Steve Ballmer for $2 billion

Posted Jun 4, 2014

Donald Sterling has officially announced today that he will be selling the Los Angeles Clippers to former Microsoft CEO Steve Ballmer (pictured above) for $2 billion and several additional benefits. Sterling’s lawyer confirmed the deal with NBC. Sterling will also drop his $1 billion lawsuit against the NBC. All disputes and outstanding issues have been resolved. Sterling said that he was ready to “move on” from the Clippers.

“I feel fabulous, I feel very good. Everything is just the way it should be, really. It may have worked out differently, but it’s good. It’s all good,” said Sterling in an interview with NBC. The NBA Board of Governors will have to finalize the sale.

The NBA announced that it has canceled a hearing to oust Sterling and has decided to move forward to vote on the deal negotiated by his estranged wife to sell the Clippers. Sterling was fined $2.5 million and was banned for life from the league after an audio recording leaked where he made racist comments.