The NBA has approved former Microsoft CEO Steve Ballmer’s $2 billion bid to buy the Los Angeles Clippers, the league said in a statement Friday night.
The sale is subject to approval from the league’s owners before it can be finalized.
Tuesday’s scheduled NBA Board of Governors meeting has been canceled. Shelly Sterling had pushed to negotiate a sale before the meeting, at which both of the Sterlings’ ownership interests could have been terminated.
As part of the sale agreement, Shelly Sterling and the Sterling family trust have agreed not to sue the NBA. Shelly’s husband, Donald, is filing a $1 billion lawsuit against the league, his lawyer told ESPN.com’s Ramona Shelburne earlier Friday.
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