Steve Ballmer Rumors
“We’re getting price appreciation because these basketball teams will continue to appreciate as the stock market appreciates,” Ballmer said in an interview on the FOX Business Network’s Wall Street Week. “People pay, basically, with appreciation in the stock market. Now, I’m not going to sell my team. I’m not looking for the dividend return. I’m looking for the fun, which means we’re looking for championships.”
Ballmer added that he’s “not afraid” to pay the NBA’s luxury tax in order to bring the Clippers closer to a championship. As a result, the franchise will “probably lose a little money here along the way.” If not for the luxury tax, Ballmer believes the Clippers could achieve a 3% dividend return.
For one thing, Rivers isn’t leaving the Clippers. He’s owed $22 million-plus over the next two years, and he has the confidence of Ballmer. The Clippers didn’t promote Lawrence Frank to executive vice president of basketball operations, give him a long-term deal, only to tear apart the management structure months later. Ballmer, Rivers and Frank have worked to build out the front office and scouting department, and examine the processes of what they all agreed was the most important summer in franchise history.
There has been a lot of talk about current Clippers president Doc Rivers making a return to Orlando, where he still maintains his off-season home. However, sources close to that situation said that Rivers addressed the rumors with Clippers owner Steve Ballmer back in March and pledged to stay in his current deal, a deal that pays him north of $11 million per year to skipper the Clippers as coach and team president.
The Los Angeles Clippers are preparing to join the NBA Development League for the upcoming 2017-18 season, multiple league sources tell D-League Digest.
Originally, D-League Digest reported the team was expected to join the D-League for the 2018-19 season, but have since fast-tracked plans to have their own club for the next season. The Clippers are looking to set up shop in Ontario, CA according to multiple league sources. The organization has a strong desire to play there, but are currently pending league approval.