Headlines
Clippers’ Owner ‘Not Afraid’ to Pay Luxury Tax to Win
By
Basketball Insiders 
The next evolution of basketball news, information and rumors.
All posts by Basketball InsidersUpdated13 hours ago on April 25, 2024
Disclosure
We independently review everything we recommend based on our strict editorial guidelines. When you buy through our links, we may earn a commission. Learn More
(Steve) Ballmer, the former Microsoft (MSFT) CEO who purchased the Clippers for an NBA record $2 billion, said his team will likely lose money as it spends on talent to win.
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.”
Source: Matthew Rocco of Fox Business
