- May 8, 2002
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Former Microsoft CEO Steve Ballmer has agreed to buy the Los Angeles Clippers for a record-breaking $2 billion. Shelly Sterling said in a statement issued late Thursday that she'd signed a binding contract for a sale of the Clippers by The Sterling Family Trust to Ballmer in what would be a record deal if approved by the NBA. Ballmer ''will be a terrific owner,'' Sterling said, ''We have worked for 33 years to build the Clippers into a premier NBA franchise.