Saturday, December 20, 2014
FAIRFIELD-SUISUN, CALIFORNIA
99 CENTS

AP Source: Former Microsoft CEO wins Clippers bid

Donald Sterling, Rochelle Sterling

Los Angeles Clippers owner Donald Sterling, right, and his wife Rochelle watch the Clippers play the Houston Rockets during the first half of an NBA basketball game, Wednesday, Feb. 13, 2013, in Los Angeles. (AP Photo/Mark J. Terrill)

By
From page B7 | May 30, 2014 |

LOS ANGELES — Shelly Sterling reached an agreement Thursday night to sell the Los Angeles Clippers to former Microsoft CEO Steve Ballmer for $2 billion in what would be a record deal if approved by the NBA, according to an individual with knowledge of the negotiations.

The individual, who wasn’t authorized to speak publicly, told The Associated Press that Ballmer and the Sterling Family Trust now have a binding agreement. The deal now must be presented to the NBA.

Shelly 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. Donald Sterling must also approve the final agreement as a 50 percent owner.

Ballmer beat out bids by Guggenheim Partners and a group including former NBA All-Star Grant Hill after presenting an “all-around superior bid,” the individual 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 multiple in a group.

On Thursday, Magic Johnson posted 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!”

It’s unclear if the deal will go through. The individual said that though Donald Sterling was not involved in the negotiations, “at the end of the day, he has to sign off on the final process. They’re not going to sell his 50 percent without him agreeing to it.”

Donald Sterling’s attorney says that won’t happen. “Sterling is not selling the team,” said his attorney, Bobby Samini. “That’s his position. He’s not going to sell.”

That’s despite a May 22 letter obtained by The Associated Press and written by another one 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. “That his team should be stripped from him? 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 with Ballmer will go to the NBA for the league’s approval sometime before Tuesday, the individual said, ostensibly rendering Tuesday’s hearing moot.

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.

The bid for the Clippers, purchased by Sterling in 1981 for a little more than $12 million, blew right past those.

It is not Ballmer’s first foray into potential NBA ownership. Ballmer and investor Chris Hansen headed the group that agreed to a deal to buy the Kings from the Maloof family in January 2013 with the intention of moving them 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 person with knowledge of the deal said that Ballmer would have to ensure the team remains in Los Angeles.

The former Microsoft CEO helped Bill Gates transform the company from a tiny 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 at 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!”

The Associated Press

The Associated Press

LEAVE A COMMENT

Discussion | No comments

The Daily Republic does not necessarily condone the comments here, nor does it review every post. Read our full policy

.

Solano News

Creche collection grows in size, popularity

By Amy Maginnis-Honey | From Page: A1 | Gallery

 
Handmade Christmas display is man’s labor of love

By Amy Maginnis-Honey | From Page: A1, 1 Comment | Gallery

 
 
 
Company competition a big win for charity

By Susan Hiland | From Page: A3 | Gallery

 
Meeting a great role model at any age

By Murray Bass | From Page: B5, 1 Comment

Fairfield police log: Dec. 18, 2014

By Susan Hiland | From Page: A9

 
Suisun City police log: Dec. 18, 2014

By Susan Hiland | From Page: A9

Weather for Dec. 20, 2014

By Daily Republic | From Page: B12

 
.

US / World

Island park in San Francisco Bay closed for weekend

By The Associated Press | From Page: A3

 
Wetter than usual start to new year in California predicted

By The Associated Press | From Page: A3

 
Hospital to pay $2.2M to settle false claims

By The Associated Press | From Page: A3

Napolitano named as UC public policy professor

By The Associated Press | From Page: A3

 
Man shocked 20 times during jail booking sues

By The Associated Press | From Page: A3, 6 Comments

Notorious California graffiti suspect arrested

By The Associated Press | From Page: A3, 1 Comment

 
Animal rights activists take California rodeo to court

By The Associated Press | From Page: A4

California’s bullet train settles 1 of 7 lawsuits

By The Associated Press | From Page: A4, 1 Comment

 
Tuskegee Airman Lowell Steward dies in California at 95

By The Associated Press | From Page: A4 | Gallery

Bush officials gave CIA wide latitude

By The Associated Press | From Page: A5

 
Theater shooter’s parents plead for his life

By The Associated Press | From Page: A5

Driver pleads not guilty in pedestrian deaths

By The Associated Press | From Page: A5, 2 Comments

 
5 ways to make your email safer in case of a hack attack

By The Associated Press | From Page: A6

Celebrities react to latest Sony hack developments

By The Associated Press | From Page: A6

 
Sony on shelving ‘The Interview': ‘We had no choice’

By The Associated Press | From Page: A6

 
Obama says North Korea hacked Sony, vows response

By The Associated Press | From Page: A6, 8 Comments

AP Interview: Coelho says Sony hack threatens all

By The Associated Press | From Page: A6

 
Lava could reach Hawaii shopping center in 8 days

By The Associated Press | From Page: A10

Jury rules for Indiana woman in firing over IVF

By The Associated Press | From Page: A10

 
Bergdahl investigation wraps up; top leaders get briefings

By The Associated Press | From Page: A10

Texas eatery worker gets mink coat from customer

By The Associated Press | From Page: A10

 
Sugarland, promoter settle with state fair victims

By The Associated Press | From Page: A10

NY police officer suspended after videotaped punch

By The Associated Press | From Page: A10

 
Prepackaged caramel apples linked to 4 deaths

By The Associated Press | From Page: A10

Supreme Court won’t stop gay marriages in Florida

By The Associated Press | From Page: A10

 
Staples: Customer data exposed in security breach

By The Associated Press | From Page: A10

Australian woman arrested in deaths of 8 children

By The Associated Press | From Page: A11

 
Israel carries out airstrike on Hamas site in Gaza

By The Associated Press | From Page: A11

Pakistan executes militants and bombards tribal areas

By The Associated Press | From Page: A11

 
Franciscan religious order in ‘grave’ financial crisis

By The Associated Press | From Page: A11

.

Opinion

Yes, Virginia, the Santa wish list has gone digital

By Petula Dvorak | From Page: A8

 
Editorial Cartoon: Dec. 20, 2014

By Daily Republic Syndicated Content | From Page: A8

 
If you want to help the poor, fix the safety net

By Jim Tankersley | From Page: A8

.

Living

Community Calendar: Dec. 20, 2014

By Susan Hiland | From Page: A2

 
Today in History: Dec. 20, 2014

By The Associated Press | From Page: A2

Pampered pets that don duds move to the mainstream

By The Associated Press | From Page: B5

 
Horoscopes: Dec. 20, 2014

By Holiday Mathis | From Page: B11

Children from wife’s first marriage put father’s ashes in coffin

By Kathy Mitchell and Marcy Sugar | From Page: B11

 
.

Entertainment

More than 4 million people watched 1st dog telethon

By The Associated Press | From Page: A7

 
Kim Jong Un game spoof ‘Glorious Leader!’ moving forward

By The Associated Press | From Page: A7 | Gallery

Marathon bombing survivor in ‘Yes to Dress’ finale

By The Associated Press | From Page: A7

 
Kid Rock to perform pre-race concert at Daytona 500

By The Associated Press | From Page: A7

Actor Stephen Collins denies he’s a pedophile in interview

By The Associated Press | From Page: A7

 
.

Sports

Dodge, Vaca grad Mason lead Southern Oregon to NAIA title

By The Associated Press | From Page: B1

 
Raiders haven’t needed much from Janikowski

By The Associated Press | From Page: B1

 
AP sources: Peavy agrees on $24M, 2-year deal with Giants

By The Associated Press | From Page: B1

FIFA will not reopen 2018 and 2022 World Cup votes

By The Associated Press | From Page: B2

 
Howe’s family reports rapid improvement

By The Associated Press | From Page: B2

2 Armstrong associates settle lawsuit with Landis

By The Associated Press | From Page: B2

 
Rays, Padres, Nats complete 11-player trade involving Myers

By The Associated Press | From Page: B2

Vanden girls open Nike TOC with win on Arizona

By Daily Republic staff | From Page: B2

 
Things to know about Friday’s baseball news

By The Associated Press | From Page: B2

Rookie receivers making their mark in NFL

By The Associated Press | From Page: B2

 
Former boxing champ Ernie Terrell dies at 75

By The Associated Press | From Page: B2

Gold medalist Phelps pleads guilty to DUI, avoids jail time

By The Associated Press | From Page: B2

 
Dodgers end Yanks’ payroll streak, owe most tax

By The Associated Press | From Page: B2

CIF football bowl games headed to Sacramento

By Daily Republic staff | From Page: B3

 
Cal men beat Eastern Washington 78-67 for seventh straight win

By The Associated Press | From Page: B3

 
This date in sports history for Saturday, Dec. 20, 2014

By The Associated Press | From Page: B4

.

Business

California unemployment rate dips to 7.2 percent

By The Associated Press | From Page: B6

 
Chrysler gives in to gov’t, expands air bag recall

By The Associated Press | From Page: B6

T-Mobile paying at least $90M for unwanted services

By The Associated Press | From Page: B6

 
EPA sets first national standard for coal waste

By The Associated Press | From Page: B6

Sales for holiday shopping season comes down to the wire

By The Associated Press | From Page: B6 | Gallery

 
.

Obituaries

Judy Zamora Rogers

By Susan Hiland | From Page: A4

 
.

Comics

For Better or Worse

By Daily Republic Syndicated Content | From Page: B10

 
Garfield

By Daily Republic Syndicated Content | From Page: B10

Baldo

By Daily Republic Syndicated Content | From Page: B10

 
Sally Forth

By Daily Republic Syndicated Content | From Page: B10

Peanuts

By Daily Republic Syndicated Content | From Page: B10

 
Pickles

By Daily Republic Syndicated Content | From Page: B10

Baby Blues

By Daily Republic Syndicated Content | From Page: B10

 
Get Fuzzy

By Daily Republic Syndicated Content | From Page: B10

Dilbert

By Daily Republic Syndicated Content | From Page: B10

 
Rose is Rose

By Daily Republic Syndicated Content | From Page: B10

Blondie

By Daily Republic Syndicated Content | From Page: B10

 
Beetle Bailey

By Daily Republic Syndicated Content | From Page: B10

Wizard of Id

By Daily Republic Syndicated Content | From Page: B10

 
Frank and Ernest

By Daily Republic Syndicated Content | From Page: B10

Zits

By Daily Republic Syndicated Content | From Page: B10

 
B.C.

By Daily Republic Syndicated Content | From Page: B10

Cryptoquote

By Daily Republic Syndicated Content | From Page: B11

 
Crossword

By Daily Republic Syndicated Content | From Page: B11

Word Sleuth

By Daily Republic Syndicated Content | From Page: B11

 
Sudoku

By Daily Republic Syndicated Content | From Page: B11

Bridge

By Daily Republic Syndicated Content | From Page: B11

 
.

Home Seller 12/20/14

Real estate transactions for Dec. 20, 2014

By Daily Republic | From Page: HSR2

Ask a Designer: decorating with Christmas trees

By The Associated Press | From Page: HSR2