Los Angeles Clippers co-owner Shelly Sterling (left) has announced a "binding contract" to sell the team to former Microsoft executive Steve Ballmer for $2 billion. Any sale of the team would require the NBA's approval before it is made official. Mark J. Terrill/AP hide caption

itoggle caption Mark J. Terrill/AP

Shelly Sterling, the wife of Donald Sterling owner of the Los Angeles Clippers, watches the Clippers against the Golden State Warriors in Game Four of the Western Conference Quarterfinals during the 2014 NBA Playoffs in Oakland, California. Thearon W. Henderson/Getty Images hide caption

itoggle caption Thearon W. Henderson/Getty Images