Clippers’ Owner ‘Not Afraid’ to Pay Luxury Tax to Win

Basketball Insiders profile picture
We sometimes use affiliate links in our content, when clicking on those we might receive a commission – at no extra cost to you. By using this website you agree to our terms and conditions and privacy policy.

(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

The next evolution of basketball news, information and rumors.

Trending Now