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there is no question in my mind that steve baumer overpaid for this franchise.tive living process. there are only 30 nba owners. it's a tough group to get into and steve baumer has the money. let's keep this in mind. the clippers have been profiting roughly about $15 million a year annually from operating income. when they get their new tv deal in about two years that's going to grow. >> we have the video of him on the stage talk about him like this full of energy, invigorated ideas kind of guy. he led micro soft. he had flirted with the notion that he wanted the king. what kind of owner would he be? >> i think he's going to be very dynamic and energetic. he better make sure he's physically fit because i don't want him to keel over doing a dance at the opening game here in the opening game. he went after the kings last year and so that also makes this whole process easier because the owners have already vetted him once before. you talk about tech people and his former poss, pa eer boss pa owned two successful franchises. he will be great injection of energy for
there is no question in my mind that steve baumer overpaid for this franchise.tive living process. there are only 30 nba owners. it's a tough group to get into and steve baumer has the money. let's keep this in mind. the clippers have been profiting roughly about $15 million a year annually from operating income. when they get their new tv deal in about two years that's going to grow. >> we have the video of him on the stage talk about him like this full of energy, invigorated ideas kind...
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former psych soft ceo steve baumer has decided to it would sign off on the deal and the term. the sale price would be almost four times more than the previous nba high. >> it has taken 20-years for the new york rangers are finally headed back to the stanley cup. >> in game 6 of the eastern conference finals the rangers defeated the montreal canadians 1-0. a dominant board scored a goal late in the second period. from there it was all up to the defense. the rangers will head to los angeles and chicago on wednesday for the start of the stanley cup finals. >> they were still partying in the we hours of the morning. >> all eyes on eric shinseki. they are under increasingly mounting bipartisan pressure. >> hi elizabeth. what's the white house saying now? >> we heard from the white house. 113 members of congress # 23 in the house and 11 in the senate facing tough reelection battles. that battle after the interim report came out wednesday exposing distem -- systemic problems in the va hospitals. so far no action has been taken. the president found the report extremely troubling. he t
former psych soft ceo steve baumer has decided to it would sign off on the deal and the term. the sale price would be almost four times more than the previous nba high. >> it has taken 20-years for the new york rangers are finally headed back to the stanley cup. >> in game 6 of the eastern conference finals the rangers defeated the montreal canadians 1-0. a dominant board scored a goal late in the second period. from there it was all up to the defense. the rangers will head to los...
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neil: one of my favorite moments with former head of microsoft steve baumer, he is word millions, heould easily afford the los angeles clippers. that is what billionaires do. gary. what do you make of that? whether it will be that type of guy? who ends up picking up the clippers, putting this sorted soap opera to bed? >> i have two words, magic johnson, for me i would rather see him do it, he knows basketball much better. neil: how about with baumer ? >> sure, he has the big bucks, not just magic johnson's money, he has partners, i gather baumer would be a partner but running things, i give him a 5 out of tin as far as -- 5 out of 10 as far as microsoft. >> even after that stock still flat lining, they are looking for money, if vatican city offered to buy the clippers right now i think they would take it. neil: that would be funny the pope, go, go. what do you think? >> gary is having a very good day today, he got it right, you look at what makes you a successful sports franchise, common denominator is local ownership, sterling lives in l.a. but he has never been of the community, ne
neil: one of my favorite moments with former head of microsoft steve baumer, he is word millions, heould easily afford the los angeles clippers. that is what billionaires do. gary. what do you make of that? whether it will be that type of guy? who ends up picking up the clippers, putting this sorted soap opera to bed? >> i have two words, magic johnson, for me i would rather see him do it, he knows basketball much better. neil: how about with baumer ? >> sure, he has the big bucks,...
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last night, she said steve baumer has agreed to pay $2 billion for the clippers. the scheduled hearing for next tuesday has been canceled. it concludes mrs. sterling and the trust also agreed not to sue the nba and to indem anify the nba against lawsuits from others, including donald sterling. >> we don't know what's going to happen with the sale of the clippers. very likely, he's going to try to use it as a bargaining chip to get some incentive out of the sale. he wants to have a $2 billion payday. >> if it goes through, the $2 billion deal by steve ball mer would be the biggest ever. sterling bought the team in 1981 for $12 million. >>> medicare is dropping its ban on sex change surgery. transgender people may no longer be automatically denied coverage. it was prompted by an administrative challenge brought last year by a 74-year-old army veteran whose doctor had recommended the surgery. >>> san mateo county may be the first to form a commission to reduce harassment, provide a resource for future policy decisions and serve as a model for cities and counties arou
last night, she said steve baumer has agreed to pay $2 billion for the clippers. the scheduled hearing for next tuesday has been canceled. it concludes mrs. sterling and the trust also agreed not to sue the nba and to indem anify the nba against lawsuits from others, including donald sterling. >> we don't know what's going to happen with the sale of the clippers. very likely, he's going to try to use it as a bargaining chip to get some incentive out of the sale. he wants to have a $2...
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clippers basketball team is set to be sold for $2,000,000,000, steve baumer has agreed to buy the franchiseto end the ownership of donald sterling who was banned from life for making racist commence, selling for $12 million back in 1981 and the voters will vote on the sale on tuesday. for more, i am joined by the editor of hoops.com. chris, is this a clear-cut deal? is it that they will vote on the third of june and this goes ahead, or do you foresee potential complications? >> there is nothing clear-cut when it comes to donald sterling. this is a man who does aw askin /*... when the vote is scheduled by nba voters, that vote would have the effect of... [audio ] hopefully we will have a resolution by tuesday. >> chris, this line sounds absolutely terrible here it was live from us from new york talking more about the los angeles clippers. we will try to get to him a little later. thank you very much. if this $2 billion sale goes through it will headache the la clippers the most expense expensive team ever sold. how does this stand against the other sports? in 2008, the n.f.l.'s miami dolphin
clippers basketball team is set to be sold for $2,000,000,000, steve baumer has agreed to buy the franchiseto end the ownership of donald sterling who was banned from life for making racist commence, selling for $12 million back in 1981 and the voters will vote on the sale on tuesday. for more, i am joined by the editor of hoops.com. chris, is this a clear-cut deal? is it that they will vote on the third of june and this goes ahead, or do you foresee potential complications? >> there is...
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the buyer: steve baumer. >> means the meeting which was scheduled for june 3rd is now cancelled. shelly sterling and the trust agreed not to sue the nba and to compensate the nba against lawsuits from others including donald sterling. mean while, we have learned from donald's sterling's attorney today he is filing a suit against the nba for $1,000,000,000 in damages. the lawsuit is reportedly over his lifetime ban and terminating his ownership. he is also s. >> michael, the nba banned sterling for life and fined him two and a half million dollar foraysist remarks he made last month. a volcano in indonesia is causing chaos over the skies of australia. it has been spewing ash since friday. >> that's affecting air travel in and out of the australian city of darlin. flights to the island of bali have been cancelled. officials say it could be days before services return to normal. >>> well, there is some dangerous weather in the united states. we will look at the saturday forecast. eboni dion is here with that. >> another active weekend. the threat of flash flooding we will the strong
the buyer: steve baumer. >> means the meeting which was scheduled for june 3rd is now cancelled. shelly sterling and the trust agreed not to sue the nba and to compensate the nba against lawsuits from others including donald sterling. mean while, we have learned from donald's sterling's attorney today he is filing a suit against the nba for $1,000,000,000 in damages. the lawsuit is reportedly over his lifetime ban and terminating his ownership. he is also s. >> michael, the nba...
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the league said it's satisfied with the deal offered by steve baumer to buy the clippers. >>> and anotherports is battling his own problems. fill mickelson is part of an investigation into insider trading. he has met with fbi agents. the investigation is on wall street investor carl icon who got a stake in chlorox in february of 2011. months later he made a 10 billion-dollar offer causing the stock to jump. investigators are looking at if he passed insider information to a las vegas gambler. >> nice cool start out there across much of the bay area. let's turn to rosemary to find if we will get warmer. >> we do have a minor warm upcoming our way. going to be nice. i realize this morning we have clouds, we have drizzle in some areas. those clouds are going to break. we will remain cloudy along the coastline but mostly sunny elsewhere and a live look in and around the lafayette area. you can see as we point to the west there are those low clouds, the marine layer about 2,000 feet deep. allowing those low cloudses to spread well inland. now beginning to see them clear already. here is a snap
the league said it's satisfied with the deal offered by steve baumer to buy the clippers. >>> and anotherports is battling his own problems. fill mickelson is part of an investigation into insider trading. he has met with fbi agents. the investigation is on wall street investor carl icon who got a stake in chlorox in february of 2011. months later he made a 10 billion-dollar offer causing the stock to jump. investigators are looking at if he passed insider information to a las vegas...