The Clippers are expecting to post an eight-figure loss by the end of this virus-ravaged season, but that’s pocket change for owner Steve Balmer.
Despite the losses, Ballmer is more than aware that he can easily afford to continue paying his employees and everyone who has deals with the team, and that’s exactly what he plans to do.
“We’re fortunate,” Ballmer told Bloomberg on the weekend.
“We’re deep-pocketed. We’re trying to take care of your smaller vendors. …
“I’ve been very fortunate in life. I want to make sure we help take care of not only our own employees, but the population we can.”
This comes after Balmer pledged $25 million to help stem the effects of coronavirus, with $10 million earmarked for the University of Washington’s work in finding a vaccine.
The rest of the money has been earmarked local efforts in Seattle, Los Angeles and Southeast Michigan.