Shelly Sterling says her family's trust has reached a deal to sell the Los Angeles Clippers to former Microsoft executive Steve Ballmer for $2 billion. The wife of embattled Clippers owner Donald Sterling issued a news release announcing a "binding contract" Thursday night.
"I am delighted that we are selling the team to Steve, who will be a terrific owner," Shelly Sterling said in the news release. "We have worked for 33 years to build the Clippers into a premiere NBA franchise. I am confident that Steve will take the team to new levels of success."
One year: That’s how long that Microsoft CEO Steve Ballmer has before he retires as the head of the company. In a news release today, Microsoft announced that the chief executive officer will stay until the company has chosen his successor.