Donald Sterling himself put the value of the Los Angeles Clippers at under $300 million during a 2009 deposition in a Justice Department federal housing discrimination lawsuit.

The NBA announced the sale of the Los Angeles Clippers to Steve Ballmer on Friday, and the new owner and former Microsoft CEO was adamant in his commitment to the city of L.A. and keeping the team as an elite organization.

There have been rumors that Ballmer could look to move the Clippers to Seattle.

Ballmer beat out one team led by entertainment mogul David Geffen (offer: $1.6 billion) and another led by investment manager Tony Ressler (offer: $1.2 billion.) in order to acquire the Clippers.

"I've got big dreams for the team," Ballmer said. "I'd love to win a championship. I'd love the Clippers to be the most dynamic, vibrant team and name in professional sports. But I got a lot to learn.

"The only way any of this makes sense — my desire to spend time in Los Angeles, this team, its aspirations, this community, this purchase price, any of that — is to really kind of live out the dream and make this kind of America's team, the Los Angeles Clippers."

Ballmer also met with interim CEO Dick Parsons on Friday.

The NBA has resolved dispute over the ownership of the Los Angeles Clippers and the franchise will be sold to Steve Ballmer, pending approval by the Board of Governors.

The NBA will then withdraw its pending charge to terminate the Sterlings' ownership of the team.

Ballmer reportedly paid $2 billion to purchase the Clippers from the Sterlings.

Shelly Sterling and the Trust agreed not to sue the NBA and to indemnify the NBA against lawsuits from others, including from Donald Sterling.

Donald Sterling will sue the NBA for $1 billion after he was forced to relinquish ownership of the Los Angeles Clippers, according to a report from NBC News.

Sterling's wife, Shelly Sterling, sold the Clippers for $2 billion to Steve Ballmer.

Sterling has recently been ruled mentally incapacitated, according to ESPN's Ramona Shelburne.

Max Blecher, attorney for Sterling, has confirmed his client's intent to file to both Adrian Wojnarowski and Shelburne.

The Los Angeles Times acquired a copy of the lawsuit, which focuses on the NBA's "draconian" punishments. Adam Silver is also a defendant in the suit.

Sterling's suit includes claims for denial of constitutional rights, breach of contract and more.

Steve Ballmer's role in helping force arena deals with the Sacramento Kings and Minnesota Timberwolves due to his interest in purchasing those franchises in hopes of relocating to Seattle played a role in Adam Silver helping him land the Los Angeles Clippers, according to sources.

Ballmer, working with Chris Hansen, made three unsuccessful bids for the Kings, Wolves and Milwaukee Bucks over the past year.

Ballmer made a $2 billion for the Los Angeles Clippers this week.

For Hansen to get a team to Seattle, he will likely face a pricetag over $1 billion and will do so without his wealthiest partner in Ballmer.

Steve Ballmer has won a bidding war to purchase the Los Angeles Clippers for $2 billion.

ESPN's Ramona Shelburne reports that Ballmer and the Sterling family trust signed a binding agreement on the sale and that it will go straight to the NBA for final approval. Shelburne also reported that Donald Sterling has been declared mentally incapacitated, which has left Shelly Sterling with the power to sell the team.

Ballmer, who was chief executive of Microsoft for 14 years, was chosen over competitors that included Los Angeles-based investors Tony Ressler and Bruce Karsh and a group that included David Geffen and executives from the Guggenheim Group, the Chicago-based owner of the Los Angeles Dodgers, according to three individuals familiar with the negotiations.

One of the individuals with knowledge of the negotiations said the Geffen group bid $1.6 billion and Ressler at $1.2 billion.

The tentative deal must also receive the blessing of Donald Sterling, followed by an approve from the 29 other owners.

Multiple bids have been submitted for the Los Angeles Clippers and are now being reviewed by Shelly Sterling and her advisers.

Shelly Sterling was previously given authority to sell the franchise by her husband Donald Sterling.

Shelly Sterling has told bidders to submit letters of interest by Wednesday, with firm offers due by 5 p.m. ET on Thursday, according to sources. It is then expected that a second round of bidding will take place this weekend, with a winning bid decided upon by Monday.

One group involved is led by music mogul David Geffen and includes Oracle CEO Larry Ellison and Oprah Winfrey. This group now also includes Guggenheim executives Todd Boehly and Mark Walter, ESPN has learned.

Billionaire and former Microsoft CEO Steve Ballmer is also said to be involved in the bidding. 

Scott Soshnick of Bloomberg reports that the Tony Ressler/Grant Hill group submitted a $1.2 billion offer.

While Shelly Sterling is attempting to move forward with selling the Los Angeles Clippers, Donald Sterling responded forcefully to the NBA's charges to terminate his ownership.

Donald Sterling's lawyer, Max Blecher, told ESPN on Tuesday that his client "is going to fight to the bloody end" and has effectively "disavowed" the agreement he reached with his wife last week that would allow her to negotiate a sale of the team.

"I don't know what agreement she has with him, but I'm saying to you today, he disavows anything she's doing to sell the team," Blecher said. "He says, 'It's my team, and I'll sell it when and if I get around to it.'"

The dispute between the Sterlings comes as the NBA continues to press for a June 3 hearing of the board of governors, which will end with a vote on whether to terminate Donald Sterling's ownership.

Shelly Sterling reportedly met with Steve Ballmer on Sunday.

Ballmer was previously part of Chris Hansen's bid to purchase the Sacramento Kings and relocate them to Seattle.

But if Ballmer were to bid on the Los Angeles Clippers, he would not consider moving them.

"If I get interested in the Clippers, it would be for Los Angeles," said Ballmer recently. "I don't work anymore, so I have more geographic flexibility than I did a year, year-and-a half ago. Moving them anywhere else would be value destructive."

Tyronn Lue will interview for the Cleveland Cavaliers' head coaching vacancy late next week, according to sources.

The Cavaliers were closely examining the college ranks for a head coach and are now looking at the landscape of assistant coaches and former coaches in the NBA.

Lue played 10 seasons in the NBA and has been a coach under Doc Rivers over the past five seasons with the Boston Celtics and Los Angeles Clippers.

Alvin Gentry will also be a candidate for the Cavaliers' job.