NEWS OF THE MORNING
Sale price of Clippers shocks the world | Spurs smart enough to fear what they know | Welcome to West’s neighborhood for Game 6 of Heat-Pacers | Curry on board with Kerr, still getting over Jackson firing
No. 1: Clippers $2 billion sale price causes sticker shock — Stunning. That is the only way to describe the sale price of the Los Angeles Clippers, a robust and record $2 billion from would-be-owner and former Microsoft CEO Steve Ballmer. As if the Clippers’ saga couldn’t get any crazier, word leaked out Thursday evening and the reaction from the Southland and beyond has been a collective dropping of jaws that the Sterlings (Donald on the sidelines according to reports and his wife Shelly as the point person) are going to make off with billions. Bill Plaschke of the Los Angeles Times provides some context:
The Clippers curse has been at least temporarily swallowed up by the Clippers purse, which was bulging with Thursday’s news that the team has been sold to former Microsoft executive Steve Ballmer for $2 billion.
Leave your jaw on the floor. It’s all true. The Clippers. Two billion bucks. No NBA championships. Two billion bucks. No appearances in the conference finals. Two billion bucks. No league most valuable players, no Staples statues, and no real national love until their owner became the most disliked man in America. Two billion bucks.
We all know how Donald Sterling feels about blacks. Now we’ll find out if he has a higher opinion of green.
The deal was brokered by Clippers co-owner Shelly Sterling and, depending on whom you ask, may need approval by her husband. Donald Sterling has been banned from the league for making racist remarks on an audio recording that also led the NBA to vow to strip his family of ownership.
Representatives for Donald Sterling have claimed that he won’t give up the team without a fight, but here’s guessing that getting $2 billion for a team that cost him $12.5 million in 1981 — a team he mostly ran like a true Clip joint — would be enough to convince him to slink away.
The NBA would have to then approve Ballmer as an owner, but here’s guessing that would also not be a problem considering he was already vetted last year when he was part of a group that attempted to buy the Sacramento Kings.
So the good news is that there are now 2 billion reasons for the Sterlings to disappear. But the uncertain news is, what does that price mean for the team they are leaving behind? In other words, are the Clippers really worth $2 billion? How on Earth can even a brilliant former Microsoft boss crack the code to make this kind of deal work?