HoopsHype Steve Ballmer rumors

July 24, 2014 Updates

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

Donald Sterling's combative, rambling proclamations on the witness stand — and his vulgar outburst off the stand — have drawn the most attention here in the probate trial that could determine whether his wife, Shelly, can go through with her proposed $2 billion sale of the Los Angeles Clippers to former Microsoft CEO Steve Ballmer. But Shelly and her lawyers continue to build momentum in the case. The trial was in recess last week because of scheduling conflicts with the judge and the lawyers. USA Today Sports

July 16, 2014 Updates

As troubling as that might be in terms of public perception, given Sterling’s racially bigoted comments back in April, and as incendiary as that could become as an issue with the NBA’s players, Silver said the methodical pace of the probate trial in Los Angeles between the Sterlings could further delay the Clippers sale to former Microsoft CEO Steve Ballmer. “No, I cannot say it with certainty, and I cannot say it with certainty because it’s in the hands of the probate court,” Silver said. “I can say with certainty, we are doing everything in our power to move Donald out as an owner in the NBA. If the probate ruling doesn’t go in our favor, we’ll recommence our procedures under termination.” NBA.com

July 15, 2014 Updates

For coach and team president Doc Rivers, that’s a bit of a hassle. He is not officially able to sit down and work out details with Ballmer, but said he has “accidentally” run into Ballmer a few times. “(A meeting is) not really allowed,” Rivers said here Monday as NBA Summer League play continued. “Bump-ins like today, I don’t know how that happened — things like that. It’s good, I look forward to that. It has hurt us some this summer. You go in to talk to a free agent and most guys, teams will bring their owner. I go in, looking like this, by myself. I don’t know what effect that has had but that’s not been great for us.” Sporting News

July 7, 2014 Updates

The Los Angeles Clippers’ $2 billion sale to ex-Microsoft Corp. (MSFT:US) Chief Executive Officer Steve Ballmer may not close by a July 15 deadline after what a lawyer for Shelly Sterling called her husband’s “ploy” to block the sale by delaying a trial over its legitimacy. Donald Sterling, 80, had his wife’s state court case moved to federal court last week, throwing into doubt a trial set to start today in the California court over whether she followed the rules of a family trust in having him declared incapacitated and unable to negotiate the sale. BusinessWeek.com

July 3, 2014 Updates

Shortly before the start of a trial to determine whether Los Angeles Clippers owner Donald Sterling's estranged wife can sell the team, his lawyers filed a motion Thursday to move the case to federal court, alleging his medical privacy has been violated. A probate court trial is scheduled to begin Monday to determine whether Sterling is mentally incapacitated and Shelly Sterling can assume control of the family trust that owns the Clippers. She struck a deal in May to sell the team to former Microsoft CEO Steve Ballmer for $2 billion after Donald Sterling's racist remarks to a girlfriend were publicized and the NBA moved to oust him as an owner. USA Today Sports

July 1, 2014 Updates

A California judge on Monday denied Donald Sterling's request for a postponement of a probate court trial over the proposed $2 billion sale of the Los Angeles Clippers by the Sterling family trust. The trial is scheduled to start July 7 and last four days. Shelly Sterling agreed May 29 to sell the NBA franchise to billionaire Steve Ballmer for what would be an NBA record price. But Donald Sterling, the Clippers' other co-owner, doesn't want to sell the team he bought in 1981. He refused to sign on to terms of the deal. CNN.com

June 30, 2014 Updates
June 24, 2014 Updates
June 23, 2014 Updates

A judge has asked lawyers for more legal documents arguing their points before he decides whether to approve the $2 billion sale of the Los Angeles Clippers to former Microsoft CEO Steve Ballmer. Shelley Sterling is trying to sell the team without the consent of her estranged husband, Donald, after doctors who examined him said he lacks the mental capacity to decide such matters. USA Today Sports

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