Steve Ballmer, former CEO of Microsoft (MSFT), is the new owner of the Los Angeles Clippers.

Steve Ballmer put in a bid of $2 billion for the NBA team. The Sterling family trust has signed an agreement to sell the LA Clippers to Ballmer and it’s awaiting approval from the NBA. The agreement will not require the consent of owner Donald Sterling due to his wife being named as his sole trustee due to his incapacitated state, reports ESPN.

The NBA has been pushing for Donald Sterling to sell the LA Clippers after his racist comments earned him a life ban from the organization. Sterling has been refusing attempts to force him to sell the team. If the NBA approves Steve Ballmer’s bid on the clipper –which it likely will– it will be the most anyone has ever paid for an NBA team, ESPN notes.

Prior to Steve Ballmer’s bid on the LA Clippers, Forbes valued the NBA team at $575 million. The financial magazine suggests that the price paid for the Clippers was so high due to the recent attention its gotten over Donald Sterling comments. It also claims that Ballmer’s willingness to pay more for something than what it’s worth affected the price.

Following Donald Sterling’s racist comments, several sponsors of the LA Clippers started to pull their support from the team. Sterling apologized for his remarks after everything went downhill, but the damage was already done. It also didn’t help that he tried to blame his actions on V. Stiviano, his girlfriend that released the recordings of his racist rant.