League issues statement following report Steve Ballmer signs agreement to buy Clippers for $2B

The NBA issued a statement Friday confirming that an agreement has been reached between Shelly Sterling and former Microsoft CEO Steve Ballmer to purchase the Los Angeles Clippers.

"Commissioner Adam Silver has consistently said the preferred outcome to the Clippers proceeding would be a voluntary sale of the team," executive vice president of communications Mike Bass said in a statement. "Shelly Sterling advised the NBA last night that an agreement had been reached with Steve Ballmer, and the NBA Advisory/Finance Committee met via conference call this morning to discuss these developments. 

"We await the submission of necessary documentation from Mrs. Sterling. In the meantime, the June 3 special meeting of the NBA Board of Governors remains as scheduled."

There was some speculation the June 3 meeting would be postponed after reports surfaced that Donald Sterling has been declared unfit to handle the family trust. 

In a statement issued Thursday night, Shelly Sterling said she made the deal with Ballmer "under her authority as the sole trustee of The Sterling Family Trust, which owns the Clippers."

Lawyers for Donald Sterling contend that he is a co-owner of the Clippers and must approve the deal for it to go through.