Los Angeles Clippers owner Steve Ballmer is now worth $…

Los Angeles Clippers owner Steve Ballmer is now worth $100 billion. The former Microsoft CEO can claim the title of world’s richest sports team owner due to a surge in tech stock prices that’s lifted many wealthy individuals to even greater heights. Ballmer passes Mukesh Ambani, owner of cricket’s Mumbai Indians, who ranked first with a net worth of $84.5 billion as recently as April. With $20 billion in asset growth just this year, Ballmer is one of nine people in the $100 billion club.
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September 25, 2021 | 11:28 am EDT Update
The Heat are among the least flexible teams in the league in terms of being able to make in-season moves. After rehauling their roster to sign Lowry and Tucker, extending Butler and signing many players to minimum contracts, they only have three players on the roster that can currently be traded. Theirtrade flexibility will open up in December and January once free agents that were signed become eligible to be traded, but they severely lack tradeable salaries. After their starters, most of whom seem very likely not to be moved, their next highest salary is Tyler Herro at $4.0 million. His salary combined with several of their minimum players will heavily limit the type of return they can get in a trade. They are also just $6.6 million below the hard cap, which is another factor that could hold them back from adding significant money to the payroll.
September 25, 2021 | 3:23 am EDT Update