shargh the record for an nba team. the sterling team agreed to sell after owner, donald sterling, was banned from the nba after making racist comments. bomber has promised to keep the team in l.a. has promised to keep the team in l.a. off the capsule saying it should be ready in two years. allow you tolegs land anywhere on earth. nintendo is hoping a partnership can help it with slumping sales. they launched their mario kart and players will be able to drive a mercedes for the first time. the mario character appears in a mercedes commercial in japan as nintendo tries to make more money. day.r lead story of the steve ballmer is going to have something new to get excited about and retired. known foricrosoft ceo his emotional speeches, jumping up and down, has reached a deal to buy the l.a. clippers for $2 billion and that shatters the record for an nba team. the previous high was %550 million. r said i lovellme basketball and will make sure that they win big. the sterling trust moved to sell after donald sterling was ban

clippers for a whopping $2 billion, shattering the record for an nba team. trust allowed be fell after donald sterling was banned from the nba after making racist comments. bomber has vowed to keep the team in l.a.. spacex seven will be able -- ballmer has vowed to keep the team in l.a. to have al be able reusable dragon capsule. reversingnership slumping sales. the company just launches brand-new mario kart 8 game and players will be able to drive a mercedes for the first time. nintendo's mario or her also appears in a mercedes commercial in japan as nintendo tries to make more money from licensing. of the day -- steve ballmer have something new to get excited about and retirement. the former microsoft ceo known for his emotional speeches during microsoft events, jumping up and down, has reached a deal to buy the l.a. clippers for $2 billion. that shattered the record for an nba team. 550previous high was million dollars pay for the milwaukee bucks this month. in a statement, ballmer says -- i love basketball and i intend to do everything in my power to ens

this is what magic johnson had to say. >> i will be owning an nba team at some time.he right situation? he had made money. despite what we think of him he has done a good job with his business. so we just have to wait and see. >> wait and see, sound words to follow. i spoke with one woman who interviewed the woman over the phones. we have a contact with forbes wealth and told me she was once a bit of a target. listen. >> he can be charming. he also has a very short temper. i have had the experience of being chewed out by mr. sterling on the phone because he disagreed with our network estimate. he said the team is worth more than forbes has valued and that his real estate is worth more. >> forbes' value on sterling's wealth is $1.4 billion. appreciate you coming on with us. talk to us about what is happening this afternoon with the ten team owners. what have you heard. >> if anyone valued me at $1.9 billion, i wouldn't quibble over decimal points. i can tell you that the advisory committee which is roughly about one third of the ownership, they are having a call to dis

that is a record price for an nba team by far. the agreement still needs the approval of the league's board of governors. it was announced by shelly sterling, the estranged wife of donald sterling. nba bans him for life because of the remarks he made in a recorded conversation. sterling paid $12.5 million for the team back in '81 and up until today the record was for the bucks at $550 million. this is almost four times that. >> well, steve, old friend, business manager of the college paper when i was the editor in chief. we've been friends -- >> many, many years. >> oh, yeah. and he finally made the acquisition. i wish they made the $2 billion acquisition of microsoft other than skype. here's what you need to know about ballmer. we went to our reunion together a lodge todayal study, a fancy term for looking back to see what we're thinking. what did people say? did they want conjugal relations with the partners, no, kids to great schools, no. wealth, no. they liked vacation and time off and he looked at me and said, have we ever had

if you are the owner of an nba team and you side with donald sterling and people find out about it? are you going to tell your players? how are you going to explain this to anybody who really thinks that you are worth anything? >> okay. so let's get back to the idea again, because i think -- i think he -- we'll talk about that after this. anderson pressed him on the idea that sterling believes his team loves him. >> you don't think the players don't like you. when the clippers -- >> why wouldn't they like me -- >> when they reversed their jerseys. >> if one does it the others have to do it. >> you think it's just from --? >> do you think they're all going to walk off the team? can any of us just stop working? we all have to earn a living and all have bills. we may work for an employer we don't love. i contend they love me. >> you think they still love you? >> i do. >> he probably thought that by seeing this people would go he's a misunderstood man and most people are going oh, my gosh and laughing at him. if he continues on in this -- delusional, quite honestly -- in this vein if th

ceo steve ballmer for a record-setting price of $2 billion, the most ever for an nba team. in announcing the sale shelly sterling's legal team said she was acting under her authority as the soul trustee of the sterling family trust which owned the clippers. now as david bagnell reports, the sale must be approved by the nba. >> reporter: it could be the biggest price tag in nba history. cbs news has confirmed former microsoft ceo steve ballmer has signed a deal to purchase the los angeles clippers for a record-break 2g billion. magic johnson tweeted steve ballmer owned the clippers is a big win for l.a. and the clippers. the agreement comes after sterling's estranged wife shelly rushed to sell it tuesday. donald sterling signed a document giving shelly the authority to negotiate a sale. sterling and three quarters of the league's owners will have to approve the deal before balmer can become the new owner. david bagnell for cbs news, los angeles. >> after the $2 billion deal with steve ballmer was announced, shelly sterling said in a statement, quote, i am confident that steve

donald sterling vowed to fight the nba to keep the team. an attorney for sterling tells nbc he's not agreed to sell the clippers at any price. shelly and donald sterling each own 50% of the team. >>> more than 100 lawmakers from both parties now want the firing or resignation of veterans affairs secretary eric shinseki. one administration official says he's on thin ice with president obama. nbc's tracie potts is in washington. tracie good morning. why are the calls increasing now? >> reporter: well, because we got that report this week that showed there are really some serious issues going on at the phoenix va and that's just the beginning. after that, we saw a lot more lawmakers get on the bandwagon, calli ining for shinseki to res. he's speaking today to a group of coalition homeless veterans, another opportunity for him to explain why he should keep the job. today, va secretary eric shinseki speaks publicly for the first time since the va's inspector general found 1700 vets in phoenix haven't even been placed on the official waiting list fo

it says the new record price for an nba team. donald sterling has to sign off on any deal and it has to be approved by 29 other owners. >> since the first time since the tragedy, we're hearing from the families. the parent of elliot roger issued this statement, which reads in part, quote, we are crying in main for the victims and their families. the feeling of knowing that it was our son's actions that caused the tragedy can only be described as hell on earth. tonight the san jose community will join together to remember one of the victims, 19-year-old was stabbed to death along with two other bay area students. he was studying engineering at uc sanity at that barbara. friends remember a smile and studious nature. the vigil begins at 8:30 tonight. his parents plan to attend. >>> two officers resigned in the forts today and they won't the last to do so. they are upset with the revamped disability policy for new officers. if an officer can't go back to their department, they'll be asked to take any other job within the city. they c

it would be the most ever paid for an nba team. the l.a. dodgers sold for $2.1. billion in 2012. mark zuckerberg and his wife are donating $120 million to the san francisco area school system. it will be spread out over five years. this is the biggest allocation from the $1.1 billion in facebook stock the couple have pledged to charity. >> where were they when i was there? that would have been great. thank you. >>> some stories making news this morning, it can shuttle seven astronauts to earth with accuracy of the helicopter. we now pay the russians to get up to the iss at about $71 million a seat. musk spacecraft would cost less than a third of that. >>> some were surprised to see dra drawn-on clothing to alter their yearbook photos. they say the students were warned about that. >>> it's one of the fda sternest. the black box warning. now the tanning beds will get them. it's short of banning them from minors altogether. limits will also be required. >>> how about a smart watch that can predict a heart attack? samsung will develop one that will provide realtime data to your docto

balmer's offer sets a record for an nba team. almost 4 times the previous high sale price. balmer wins an intense bidding war with some big names including oprah, just days before the nba's voting to force donald sterling and his wife to sell the team. sterling was banned from the league for life because of racist comments. his wife has taken the reins of negotiating a sale but sterling himself has vowed to fight for his team. we'll have more on the sale coming up tonight at 6:00. >>> we keep hearing that we need to conserve water but this is what we are dealing with in one part of the bay area, the only source of drinking water is bone dry. mark sayre is in morgan hill tonight where the options are extremely limited. >> reporter: elizabeth, most of the bay area gets its water from a variety of sources including the high sierra and plays like lake shasta but here in southern santa clara county they get it from only one place, the ground. the restrictions on watering in morgan hill are severe. outdoor areas can be watered only on monday wednesday and friday. there's an obliga

team in the nba." >> shelly sterling feels that she's an owner, there is no question that donald sterling and shellying are part of the sterling team. they are in this together. >> reporter: los angeles mayor says donald sterling told him he most likely will not sell the team. >> i think he thinks that he's going to be the owner for a long time, that he wants to stay the owner. he believes in is hhis heart th he's a very good person. >> reporter: so does v. stiviano. >> is donald sterling a racist? >> no, i don't believe it in my heart. >> you've heard him say derogatory things. >> yes. >> don't they sound racist to you? >> i think the thing he says are not what he feels. >> reporter: public statements like these could lead nba owners to ultimately allow sterling to keep his team. >> this is going to be a very difficult, difficult choice for the nba owners. i don't think it's a slam dunk case at all. >> reporter: and as for the clippers, they are playing well on the court moving on to the second round of the nba playoffs and at least one sponsor is back to support them as we are still waiting, wolf,

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that would more than triple the previous record for an nba team. >>> the odds were against them but yould never know it looking at their t-shirts. the inspiring way one bay area school is celebrating its success. now it's happened closer to home. the mystery surrounding hundreds of dead >> a major stink in. yeah. now it's happened closer to home. the mystery surrounding hundreds of dead fish. female narrator: through sunday, it's posturepedic through sunday, it's posturepedic versus beautyrest with up to $400 off. serta icomfort and tempur-pedic go head-to-head with three years' interest-free financing. mattress price wars end sunday at sleep train. ♪ your ticket to a better night's sleep ♪ teacher layoffs. and a 60 billion dollar budget deficit. that's what john perez faced when he became speaker of the california assembly. so he partnered with governor brown to pass three balanced budgets, on time. for the first time in thirty years. today, the deficits are gone and we've invested an additional 2 billion dollars in education. now john perez is running for controller, to keep fighting

balmer, who made his fortune with microsoft, would pay a record price for an nba team. now, the previous record was the milwaukee bucks who sold for 550 million dollars this month. the $2 billion offer would be the second highest price paid for any professional team behind the dodgers at $2.1 billion. balmer has ties to the seattle area, which has raised questions as to whether he would try and move the clippers. he has said he plans to keep that team in los angeles. of course, this is all tentative and needs the sterlings to sign off on it. and that's where it gets complicated. shelly sterling was given the green light to negotiate a deal. but donald sterling has been flip-flopping. now, at first, he appeared to dig in. he wasn't going to sell. then he had a change of heart. and that changed again this week when sterling promised to quote fight to the bloody end to keep the team. now, the sterlings certainly have plenty of suters to choose from. espn had been reporting a potential super group of owners might be in the works, one led by music mogul david geffen, oracle

and one of the ironies in this is i don't ever recall a time where you had an nba team and an nfl teamthe market for the same time where the nba team is likely to sell for a higher price. the buffalo bills are on the market right now. and the number that we're hearing with that team is somewhere between $1.2 billion and $1.5 billion. now, it's still early there, too. but if the clippers go for $2 billion, it's going to be the first time where -- >> they'll never make money on that, michael! they'll never make money on that, owning the team, $2 billion. they've got a terrible stadium deal. i think the lakers get almost all the concession stand money. >> well, the clippers also pay no rent. they're sort of the low-cost team. they also have a much higher tv contract in two years. and if you're going to own a team for 20 years, you know, and you have a salary cap in there that's limiting player payrolls to 50% of revenue, then at least you know you're not going to have any capital calls. unless you do something real dumb, you're not going to lose any money either. >> michael and mitch, it

and forth on whether or not he'll sell voluntarily. 2 billion would be the highest price ever for an nba team. >> balmer left microsoft in february, estimated to be worth about $20 billion. >> good evening, and thanks for joining us i'm ama daetz. >> now, to our other top story. it's been almost a week since that deadly rampage cut short lives of six uc santa barbara students. three of the young men were from the bay area. tonight there is a call for gun control and entertainment heavy weights are leading the charge. it's an antigun message coming from a rapper who had a string of run ins with the law over his alleged use of guns. snoop dogg about to hold a news conference and fund-raiser for no gun as loued program. this is a live picture of the event. abc7 news is outside of the event in san francisco. that is quite the line up. >> yes. it's an he clekic group. we're waiting for snoop dogg to arrive. with his past he might not be everyone's first choice but to many, his past makes him the exactly right person. >> it's a message of antiviolence from a man who had his share of gun-related eve

that's what happens with an nba team, you invest in a team. wasn't exactly running the rotary club in des moines, i was. [laughter] >> will look at what it did for mark cuban. he bought the dallas mavericks. and the crown jewels of all this portfolio, it's a halo investment for these guys. lou: the nba not making any money on this deal. it is sort of a shame to see that many kids go by. >> indirectly they are because they are getting rid of something that is a potential ways on the league and could potentially even to the brand equity of the other teams. a lot of the players are talking about boycotting. what if this was to shut it down that is a big concern. i'm saying that he deserves a crisis manager of the year award, adam silver. lou: he may have a little competition on that. because the question becomes how much of this was a railroad of donald sterling how many people are using this ignorance to their financial advantage. the nba came out, as you said, strong. his wife made it to 2 billion when it had a previous valuation of 575. >> i t

. >> so if normal circumstances in an nba team transaction may take years, now we're really talking aboutt of years, potentially. ira boudway, deborah feyerick, thank you. >> thank you. >>> vice president joe biden may not have actually been at the correspondents' dinner. you know, that was the big date that everybody was talking about last night. but he did make a splash. and speaking of dates, look at who his date was. >>> i'm going to be so star struck. >> i'm here because i came last year and i had such a good time. >> why are you making her work? she should be in there with the president. >> do you have your gig on? >> i still have my gig on. >> what's up, chuck in. >> thank you. nice to see you. glad to be here. >> all right. that was just a little peak into last night at the white house correspondents' dinner. vice president biden wasn't there but he did kind of weigh in on julia louise dreyfess in this clip. >> hello? >> selena, what are you doing? >> i thought you were the president. are you going to this correspondents' dinner tonight? >> no i'm not going. it's a punch of politi

it's slightly bigger than the starting lineup for an nba team. six military advisers arriving to search for the 276 girls kidnapped by islamist terrorists. is that going to be enough? >>> and more outrageous accusations, this time in san antonio. another alleged coverup of ridiculously long wait times for those who served our country. so much to cover at this hour. let's get right to it with the world lead. this is the scene in mariulpo. meanwhile, 300 miles away, vladimir putin stepped foot in crimea. putin striding around like he just won a super bowl. i guess he already has a ring. our senior international correspondent nick paton walsh joins us now from ukraine. this visit comes on a day already loaded with meaning for russians. >> reporter: certainly. i think people will be deeply troubled because of the overtones of that display we saw. he got on his own private boat and went down a series of russian troops saying to each crew, i congratulate you on our 69th anniversary of our victory in world war ii. remarkable scenes, bombers in the sky.

he bid $2 billion which would set a record price for an nba team. several other outlets say no deal is in place and other officers are being considered. donald sterling has tosign off -- to sign off on any deal. the clippers were purchased by donald sterling in 1981. we will update you as soon as we get any more information. >>> for the first time since the isla vista tragedy we are hearing from the parents of the man who killed six people. through a family friend the parents of anderson reservoir dam issued this statement, it reads in part, we are crying in pain for the victims and their families. the feeling of knowing that it was our son's actions that caused the tragedy can only be described as hell on earth. anderson reservoir three of the students killed were from the bay area. one was george chen and a succinct manned -- candlelight vigil is planned tonight in san jose. the candlelight vigil is held in the main quad at a high school. >>> girl forced into prostitution is back home safe after she escaped. chester brown is now arrested. the teen

. $2billion would be a record to an nba team. compare that to what sterling paid for the team. he bought them in 1981 for 12- 1/2 million dollars. >>> san francisco is making a new pitch to have film maker george lucas build his museum in the city. major ed lee is proposing to put the museum on cross pier 20 and 22. chicago is also in the running for the museum. lucas wanted to build it in the presidio but was turned down. he wants it to save all of his memorabilia and art. >>> and organizers promised this year will be different. and learned people attending the festival will notice a lot of changes. the first act will take the stage tomorrow, ken pritchett has more. >> reporter: behind the fence you can see one of four stages here at bottle rock 2014. they were busy setting up today. last year's event was a success in terms of music and performances but it was a big money loser that created bad traffic in the neighborhoods and ill will among some neighbors. this year there's new management with promises of a better experience. it's the same stage from last year but improved. i

. $2billion would be a record to an nba team. compare that to what sterling paid for the team. he bought them in 1981 for 12- 1/2 million dollars. >>> san francisco is making a new pitch to have film maker george lucas build his museum in the city. major ed lee is proposing to put the museum on cross pier 20 and 22. chicago is also in the running for the museum. lucas wanted to build it in the presidio but was turned down. he wants it to save all of his memorabilia and art. >>> and organizers promised this year will be different. and learned people attending the festival will notice a lot of changes. the first act will take the stage tomorrow, ken pritchett has more. >> reporter: behind the fence you can see one of four stages here at bottle rock 2014. they were busy setting up today. last year's event was a success in terms of music and performances but it was a big money loser that created bad traffic in the neighborhoods and ill will among some neighbors. this year there's new management with promises of a better experience. it's the same stage from last year but improved. i

. >> more than double what many valued it at and four times the highest previous sale of an nba teamen a multi-billionaire really wants something and there's a bidding war. that's next. >> and how is this for pricing strengths? debeers plans to raise prices 5% every year going forward, no matter. 5%. so what happened to supply and demand? we'll speak exclusively to the ceo of debeers later about that very topic. >> back after this. friday night, buddy. you are gonna need a wingman. and my cash back keeps the party going. but my airline miles take it worldwide. [ male announcer ] it shouldn't be this hard. with creditcards.com, it's easy to search hundreds of cards and apply online. creditcards.com. because you can't beat zero heartburn. woo hoo! [ male announcer ] prilosec otc is the number one doctor recommended frequent heartburn medicine for 8 straight years. one pill each morning. 24 hours. zero heartburn. little things, anyone can do. it steals your memories. your independence. insures support. a breakthrough. and sooner than you'd like... ...sooner than you think. ...you die fr

shattering the record for an nba team. sterling trust agreed to sell after owner, donald sterling, was banned from the nba after making racist comments. ballmer has vowed to keep the team in l.a. elon musk showed off the capsule saying it

. >> according to numerous reports, donald sterling was handed a lifetime ban from owning an nba team was an assistant coach for the team back in 2000. he also released a best selling book on the shoulders of giants. i spoke to him earlier. kareem in your column, you spointd out the whole issue with donald sterling shouldn't be a big surprise. he's got a long history of racism. what are we learning from all of this and why isn't it a surprise to people? >> it shouldn't be a surprise to people because what we've learn from the court cases against mr. sterling, the federal case where he discriminated against blacks and latinos and people with children. that was just really the tip of the iceberg. so these things have been going on for a long time. nobody ever dealt with it straightforward. sometimes i think that a lot of white people don't understand that racism is real. more white people believe in goefts goefts than believe that racism is real. that bothers me. sometimes we have to take a moment and deal with it. >> it's obviously very real with donald sterling. is it possible that th

shargh the record for an nba team.team agreed to sell after owner, donald sterling, was banned from the nba after making racist comments. bomber has promised to keep the team in l.a. has promised to keep the team in l.a.

but he doesn't endorse it by any means and he is in a hot seat as an owner of an nba team. his challenge is to walk the fine line with the discomfort he has in sterling's comments knowing it hurts the brand and just wrong. at the same time it pulls at his guts and many others in america. taking away ownership is unamerican. we don't do that in america. at the same time, we can't tolerate sterling's comments because that's not how we think. i think that is the challenge to walk that fine line and that's what mark is trying to do here. i totally support him every day. >> kevin, thanks so much. good to see you. >> take care. >> kevin o'leary, cohost of shark tank. vote who won at cnbc "fast money." #shark for kevin and #chicken for g. >> time for pops and drops. hess up 1%. >> the head line was sell gas stations. the marketplace loved the price and liked the idea it's turning into more of an a & p. i would say you're probably okay in investing. >> lorillard down 5%. >> the deal speculation may not be as close as previously thought. that's what knocked the stock down. this is a

reporter: now team says for 2 billion dollars it would be almost 4 times the highest praise paid for an nba teamrior to this milwaukee buck sold for 550 million dollars earlier this month. so it's a staggering figure. >> for the first time we are hearing from family friends of the man who went on a rampage in isla vista. you have seen the pictures. mother on her cell phone and the father a hollywood assistant director. and tonight new insight into their anguish and the strange behavior they say led to this violent surprise. here's the david wright. >> man whairing white shirt. >>reporter: some of the speedometer who knew the shooter best insisted they never saw this coming. >> elliott fooled everyone for a very, very long time. >>reporter: family friends simon on gma this morning. >> you you know he was a very removed remote child. he hesitated. he shook when you met him. >>reporter: the you tube video glimpse into the character. in this one here he stalk as young couple kissing on the beach. consumed with envy. in his rambling manifesto elliott roger claims to have attacked others he envied. at

get in mind and buy yourself an nba team. oprah, puff daddy and floyd mayweather jr. in the bidding war for the clippers up ahead. (meow mix jingle) right on cue. (laughs) it's more than just a meal, it's meow mix mealtime. with wholesome ingredients and irresistible taste, no wonder it's the only one cats ask for by name. my guests are "nathan, which dish is better?". now i say you can have it all with our new seafood trios! red lobster's new seafood trios is three times delicious! choose one option from the wood-fire grill, one signature shrimp dish, and a pasta like new lobster mac and cheese. three choices all on one plate. just $15.99. for a limited time only! you can build it any way that you like, pick your three favorite things. it is spectacular! i'm nathan tavernaris and i sea food differently. ameriprise asked people a simple question: can you keep your lifestyle in retirement? i don't want to think about the alternative. i don't even know how to answer that. i mean, no one knows how long their money is going to last. i try not to worry, but you worry. what

his mouth in the 24 hours about racism and all kinds of perceptions, but he, too, is an owner of an nba team in private. adam silver wins this battle, doesn't he? >> well, no question. again, considering racism is never something that is a positive thing. but when you're talking about a league where 80% of your players are african-american, where you have the highest percentage of african-american employees, team executives, you have to do something. now, i will say this. you asked the question, liz, the sterlings will likely get north of a billion dollars for this franchise. keep in mind, liz, that last year you had a franchise this sacramento that sold for 530 million, the milwaukee bucks just sold for 550 million, and these markets are only two million people. los angeles is 13 million people, and in addition to that, liz, the other big revenue aspect of this is the media rights. right now the clippers get about 20 million a year which is pretty low, believe it or not. when their deal ends in two years, they're likely to get 60 or 75 million, and that ratchets up the fran be chiez value.

what we have is an nba team that is owned by someone else, the nba can move on, the fans cav mon or the owners can move on and we can move on. >> cnn will not talk about it anymore. the ultimate goal here. all of this is so besmirching of the league's character. paul callan, what is it exactly i should read into shelly sterling negotiating the voluntary sale? are there some terms she can actually benefit from or does she just need to get rid of it? >> i don't think there's anything of enormous significance here. i'll tell you why. i can hire anybody to negotiate for me. you can hire a lawyer negotiate for you. you can have your best friend negotiate for you. the question is, will she get the deal done? if she sells the team and the sterlings are out, okay, everybody's happy. i don't think it matters so much she's doing the negotiation. ways interesting about her case, she claims as a co-owner she's being discriminated against because she is being deprived her ownership interest in the team as a result of the things her husband said or did. and that she's being essentially discriminated

you know, we don't even have a woman owner of an nba team, it's long overdue for that and she needs toudged by herself and i don't like putting her in the same category as v. stiviano. >> well we heard v. stiviano has 15 siblings and all kinds of good things. by the way, my understanding is it is against california law. california law you need consent of both parties. new york no, other states no. so there could be a potential criminal case. >> leigh, you explained this earlier this idea that he's preaching to some members out there, other fellow owners to say he who is without sin cast the first stone, be careful. could that work? could ultimately that work and prolong this? >> i will tell you this, i feel sympathy for gloria's client, but if you start to open the cupboards of every nba owner and how they made the money to put these teams together you've got a whole slew of bad business practices, you don't want to go down that road. i think what we're seeing -- it reminds me when a wild animal is caught in a trap, and desperate. so they squirm around and do the rest, maybe even bite

but the problem there is he's basically saying, hey, it's okay for me to be a bigot and still own an nba teamo say, that is not okay, not even if it was a conversation in private. >> you know, the numbers that are being thrown around, rachel, 1 billion, $1.5 billion, $2 billion, $2.5 billion. you say there are six parties bidding right now. are those numbers realistic? >> well, you know, the clippers television contract is up in a couple years. that's one reason why the valuation is so high. whoever owns the team in the next year or two is going to get a huge cash infusion from the television organization that broadcasts clippers game locally. they're also, by the way, going to get a huge infusion from the national contract, which is also is up. it's a bet on future earnings. it's also a franchise in l.a. those don't come up very often. both of the teams in l.a. have been owned for decades by their respective families. as we know, the market demands, when there's scarcity, people will step up and pay for it. >> $2 billion, $2.5 billion, who knows, even if you have to pay capital gains, that's

it will be the highest purchasing price ever for an nba team. the deal needs to be approved by the clippers current owner. he bought the team for $12.5 million more than 30 years ago. >> concerns over concussions, president obama held a white house press conference today, saying athletes and coaches need to start paying attention to the risks. >> we have to change a culture that says you as yo suck it up. identifying a concussion and being ail to self diagnose that this is something that i need to take care of, doesn't make you weak, it means you're strong. >> organizers say the president's influence will result in reported head injuries. >> sunday marks the start of hurricane season and this year, scientists hope to use a new tool to study the storms and save lives. we have that story. >> this is the view from the cockpit, as an airplane that flies into the wall of a hurricane. researchers want to improve the tools to learn more about a hurricane's intensity as it barrel to say shore, will it be a category one or three? >> our ability to tell y

>> i know for fact having spoken to people having spoken to steve ballmer, he was dying to buy an nba team on two previous opportunities. he was not going to let this bun go by. this was a distressed sale and a buyer who was going to do something. i don't think you're going to see this kind of valuation but it does kind of paetsch the way and clear the way for other people to get slightly higher than they would have otherwise. >> we've got breaking news. thanks so much. let's get to courtney reagan. market flash. >> check out shares of allergan. it has been reopened. that news turned out to be that valeant was raising its shares. valeant currently trading up more than 6.5%. milliliter. >> what a pop. courtney, thanks for that. >>> top rookies from the l allergen trading up. >> rookies for the nfl are learning about the business brand and how to maximize their brand on and off the field. joining us now is the number four pick for the buffalo bills, seam watkins. you've actually been a bills fan since you were a kid and you're out there to learn the business side of the nfl. what are you lea

an enormous amount of money. suing the nba right now, if he suz on an anti-trust case, could cost him hundreds of millions of dollars at the value of the teamyer defection, sponsor defections. a team going down the drain. now it's a hot team. one win away from advancing in the playoffs. who knows what donald sterling would do? he hasn't said yet. >> thanks, mike. the story is, of course, about much more than sports. it's also about race, class, unions, management, and now medicine. reports say sterling has been battling prostate cancer for years. there's a cornucopia issue to spin on. i take it to the table with this. mike brings up the issue of this moving at internet speed, but i think what we really see here, krystal is the power of unions to protect workers. when unions behave responsibly and in a unified fashion, they can protect their workers in a very effective fashion. kevin johnson really helped the players union in this -- the players association in this situation to really bond together, right, and it's this nba union has historically not been unified, right, not been as united as powerful as it's been, but kevin johnson, the cur

that would be the highest price ever set for an nba team.doesn't include rights to the team's home arena, the barclays center. what makes the franchise worth so much? prices in the nb aft absolutely soaring due to surging media rights fees and growing international businesses. they own a controlling stake in the barclays center seen right here although there is no word whether the company intend to alter this position. interesting. david: indeed. unless you're a company supply manager, you don't realize how much is tied up in the wholesale supply market. things like bulk orders of paper claims clips, tone another supplies and light bulbs. jeff bezos knows this. he knows there is two times more money in the wholesale market than the more sexy retail market that amazon is usually known for. that is why bezos is moving to wholesale. when and how the increased value is worked into the share price? our next guest is thinking about this he has some answers. bruce cohen head of private equity strattist practices. good to see you. amazon supply. the

of us, the fall of the house of sterling is about one guy, one throwback who just happens to own an nba teamly the younger generation known as millennials who think that, particularly with the election of president barack obama. racism they believe is now a thing of the past or at least a thing for really old people. according to a new sur vav commissioned by mtv, 64% of white millennials believe that with the election of a black president, people of color now have the exact same opportunities as white americans. the study, which was just released, finds that 36% of white millennials also believe that gains for people of color often come at their expense. that belief is a source of repeated public debate over whether racism still exists at all and, if it does, how to combat it in a way that won't leave white americans feeling disenfranchised. yes, i used that word "disenfranchised" a word historically used to refer to people of color, women and other groups being denied full participation in society but is how many white millennials feel today. but other than a donald sterling who said black

new firestorm over race sparked by an nba team owner. wait a minute before you think you know what the story is, this is not about donald sterling this is about mark cuban and what he said to stir the fire. >>> and the sort of apology he is issuing. >>> a coach telling his players, no, something, for an entire month. reaction. we'll hash it out with #oneluckyguy and all the rest of us, whether this could really help them win. we'll talk about what maybe could help them win. ♪. okay, listen up! i'm re-workin' the menu. mayo? corn dogs? you are so outta here! aah! [ female announcer ] the complete balanced nutrition of great-tasting ensure. 24 vitamins and minerals, antioxidants, and 9 grams of protein. [ bottle ] ensure®. nutrition inharge™. [ bottle ] ensure®. ugh. heartburn. did someone say burn? try alka seltzer reliefchews. they work just as fast and are proven to taste better than tums smoothies assorted fruit. mmm. amazing. yeah, i get that a lot. alka seltzer heartburn reliefchews. enjoy the relief. could mean less waiting for thin

still, bad behavior itself is not grounds for terminating an nba team owner. regardless of whether sterling fights back or not, if he is forced to sell, after taxes, he will still end up hundreds of millions of dollars richer from his original $12 million investment. as for the new owners, whoever it is, whether it's oprah or movie mogul david geffen or magic johnson, a name change may be the first order of business. >> the clippers are signified with losing and are signified with racism. whoever buys it, my gut, is not going to take that with them. they'll start anew. >> reporter: deborah feyerick, cnn, new york. >>> the u.s. capitol is a highly polarized place. dysfunctional. thinking about it can make you quite depressed eddepressed. but the white house annual correspondents dinner provides welcome comic relief. you've got celebrities, politicians, members of the washington press corps all gathering saturday night for this annual fundraiser. and top billing went to president barack obama. watch this. >> i admit it. last year was rough. sheesh. at one point,

reporter: donald sterling is facing allegations that go beyond issues related to his ownership of an nba teamare alleging he cheated department managers out of their rightful pay. >> reporter: michael morrison is one of the attorneys representing two former apartment managers who allege sterling was paying them for 13 hours of work a week when work documents show they were actually putting in more like 40 or 50 hours. >> you're doing maintenance. you have maintenance records. you're going to the apartments to solve problems, you know, it could be 2 a.m. and someone saying, my plumbing is on the fritz. you're having a paper trail. you're calling someone. you're taking care of the problem, you're sending it to the office. they are violating overtime laws, minimum wage laws and in a deceptive manner. >> reporter: donald sterling's attorney offered a written statement, the lawsuit involves the claims of two disgruntled managers. the statement goes on to say, property managers are not required to work overtime and are not allowed to work overtime without advance approval of their supervisor. the d

you know, getting an nba team to those who see the potential on marketing it and owning it for ego -- for even ego purposes can drive the value to unforeseen heights. >> reporter: and the nba responded to today's developments by saying it continues the process for termination of the current owners, the sterlings, and a hearing is set on the matter fo june 3. >>> it has been double blow for drivers today for the getaway weekend. in the east bay we have been watching traffic crawl for several hours on the eastshore freeway and at the maze . it all started this morning with a metering lights problem at the bay bridge and the 280 closure in san francisco. drivers have been weaving through city streets as they try to find a way out south. highway 101 the only option for the next several days and it is still slow going. >> there's a look at what's closed on southbound 280. every on-ramp from king street to mariposa is shut down. the closure itself extending to pennsylvania avenue. the bay bridge toll plaza has been at the center of this mess. the metering lights problem i mentioned was fixe

he's clearly wanted to be an nba team owner for a while. >> reporter: as a former seattleite, is therence we could get a team back there culled the sonics? >> doesn't look like there's a chance. when the kings were up for sale the nba said it would like to have a team back in seattle. there's a big sports and basketball culture there, but right now there don't look to be any teams that are ready to move. >> sreenivasan: another big character is donald sterling. is this the last we've heard from him? this is the kind of resolution the nba would like but we're hearing there is the possibility he's going to fight back. >> yeah and donald sterling has made it clear he's not going to take this, he doesn't like the way he has been treated by the navnlt he feels -- by the nba. he feels like a victim in all this and he's been known to be litigious, so he could go to the courts. the nba got a high-profile, rich guy to take over the clippers with a good reputation. it hopes it's done with the sterlings but i'm not sure donald sterling will go that easily. >> sreenivasan: the longer-term ramifica

if the current offer is accepted, it will more than double the highest price ever paid for an nba team. milwaukee bucks were recently purchased for $550 million. >>> one of the future hosts of the world cup is issuing a dress code. just released this ad campaign telling fans who attend the 2022 world cup they will need to dress modestly. that means being covered up from the shoulders to the knees. men's wearing shirts at all times and women not wearing leggings as pants. the small middle eastern nation is trying to make sure tourists respect its culture and tradition. >>> speaking of the world cup, the first team has arrived in brazil for this year's event. the world cup team landed late last night. the secretary-general tweeted out a welcome saying "soccerous have landed in brazil." the world cup starts in two weeks. that's always a huge event. >>> christina had a couple days off but back with us. >> happy to be back and really excited about the world cup. temperatures right now looking really good. we're mostly in the mid-50s to kick off the day. a couple isolated spots that we have