NBA Clippers fiasco involving beleaguered owner Donald Sterling is winding down after his wife, who was authorized to seek bids has agreed to sell the Clippers to former Microsoft CEO Steve Ballmer.

The news of NBA Clippers comes as a relief after Sterling was banned and fined $2.5 million for racist remarks recorded by her lover. One of those comments involved a photo of his girlfriend and Magic Johnson, to which Sterling responded, 'don't bring blacks to the games.'

Apparently, the racist rant was ongoing off and on in a TV interview with Anderson Cooper on CNN, when he tried to apologize to Mr. Johnson. Soon, he found himself getting deeper into trouble after Sterling referred to Johnson's HIV and that he was not a good role model for children. He alleged that Johnson went around from city to city sleeping with women, and catching AIDS.

In a recent development, Sterling lawyer Max Blecher said that the racism rant was in fact a rage of jealousy that he held privately with his girlfriend and that it was not meant to be publicized. The lawyer questioned that such a ban by the NBA cannot be implemented since it was not meant to be revealed and that the message was recorded without his knowledge. That would mean that Sterling was just ranting privately and that it could not be used in a court of law.

The lawsuit charges, "include an invasion of Sterling's constitutional rights, violation of anti-trust laws and breach of fiduciary duty associated with the NBA's lifetime ban and termination charges." Sterling's lawyer, Mr. Blecher said that a separate lawsuit would address the sale of the Clippers, Yahoo reports.

In the latest news of the Clippers and the Sterling debacle, Shelly Sterling has reached an agreement with Steve Ballmer to sell the Clippers for $2 billion, a record NBA price for a team. Meanwhile, Donald Sterling is suing the NBA for $1 billion.

The NBA announced it has resolved the dispute with the Sterling family, and will postpone the June 3 meeting to remove the Sterlings from having ownership of the team. It will approve the sale of Clippers to Steve Ballmer.

A release from the NBA added, "Shelly Sterling and the family's trust agreed not to sue the NBA or "indemnify the NBA against lawsuits from others, including from Donald Sterling."

Earlier this month, Donald Sterling was diagnosed with Alzheimer's, leaving him 'mentally incapacitated', taking his powers away from the Sterling family trust and leaving Shelly Sterling as the sole trustee of the trust. This enabled her to sign an agreement with Ballmer for the sale of the Clippers.

The final act of transfer of ownership to Ballmer will be a vote NBA's Board of Governors.

Ballmer said in a statement "I will be honored to have my name submitted to the NBA Board of Governors for approval as the next owner of the Los Angeles Clippers," adding, "I thank Shelly Sterling for her willingness to entrust the Clippers franchise to me, and I am grateful to NBA Commissioner Adam Silver and his colleagues for working collaboratively with me throughout this process."

Ballmer continued to say, "I love basketball and I intend to do everything in my power to ensure that the Clippers continue to win - and win big - in Los Angeles."

He added, "L.A. is one of the world's great cities - a city that embraces inclusiveness, in exactly the same way that the NBA and I embrace inclusiveness. I am confident that the Clippers will in the coming years become an even bigger part of the community."