HoopsHype Steve Ballmer rumors

July 30, 2014 Updates

The meeting with Ballmer last Monday was the last, best chance for Donald Sterling to walk away with a shred of conciliation, or dignity. A settlement would have resurrected some shred of decorum. Even disgraced Dodgers owner Frank McCourt scored a photo op with Magic Johnson before exiting the stage. That was Sterling's option, but he had no use for it. Ballmer left the meeting after about an hour and a half and flew back to Seattle. Sterling instructed his lawyers to file a new lawsuit in the morning, this time alleging just about the only thing left to allege, that the shares of the corporation that owns the Clippers are in his name. It's a legal document that independent experts call laughable, and was a waste of time for everyone involved. ESPN.com

July 29, 2014 Updates

In fact, even as Shelly's attorneys were hailing judge Michael Levanas' ruling, they sounded less optimistic than Shelly about the chances of Donald standing down. She said he hoped he would drop two other lawsuits — one seeking $1 billion in damages from the NBA and another seeking to scuttle the sale of the team to former Microsoft CEO Steve Ballmer by arguing the agreement violated corporate law. The chances of that happening? Samini said Sterling gave no indication that he's ready to give up. "He never met a lawsuit he didn't like,'' said Pierce O'Donnell, one of Shelly's attorneys. "We hope at this point that Donald realizes he can't run out the clock forever.'' USA Today Sports

July 28, 2014 Updates

Shelly Sterling -- and the Los Angeles Clippers -- scored a clean sweep over Donald Sterling on Monday when a California judge issued a preliminary ruling that paves the way for the $2 billion sale of the team. Judge Michael Levanas handed down an "oral tentative statement decision" that affirmed Shelly Sterling had the authority to reach an agreement in May to sell the team to former Microsoft CEO Steve Ballmer, who has set an Aug. 15 deadline to complete the deal. The judge said he would review objections before issuing a written ruling. USA Today Sports

July 24, 2014 Updates

Drafts of the Los Angeles Clippers' sale bid book show exactly how much Steve Ballmer is willing to overpay for the team. The bid book was entered as an exhibit by Shelly Sterling's lawyers in a trial in California probate court to determine whether she should have the right to sell the team without her husband, Donald. ESPN.com

The book, called "Project Claret" so as not to give away on the cover sheet that these numbers are indeed the financials of the Clippers, reveals that the team is projected to finish the year with $62.3 million in revenues from ticket sales, $25.8 million from its local cable contract and $24.1 million in additional team revenue. The Clippers are also projected to receive $52.7 million on the season in shared national league revenue, according to the document. After taking away player payroll costs, total operating revenue for the 2013-14 season is projected to be $100 million. Valuation multiples are usually based on total revenues, so the $164.9 million before player costs are extracted equals more than 12 times less than the $2 billion sale price. ESPN.com

July 23, 2014 Updates

Testimony in the weeks-long probate trial between Donald Sterling and his estranged wife, Shelly, concluded Wednesday, with closing arguments set for Monday in a case that could help lead to resolution of Shelly's impending $2 billion sale of their Los Angeles Clippers to former Microsoft CEO Steve Ballmer. Donald's side finished presenting its case and did not, as expected, recall Shelly to the stand. USA Today Sports

Instead, Dr. Jeffrey Cummings, an expert on Alzheimer's and dementia, testified on behalf of Donald that he believes the mental evaluations of Donald conducted by two doctors hired by Shelly were improperly done because Shelly was in the room at the time. "I understand there's a stress between Mr. Sterling and Mrs. Sterling," Cummings testified. "The optimal examination would be conducted with no distractions so that the person being examined could, would be able to concentrate fully on the task at hand. USA Today Sports

July 22, 2014 Updates
July 21, 2014 Updates

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