The Los Angeles Times and ESPN.com are reporting that former Microsoft CEO Steve Ballmer will be the next owner of the Los Angeles Clippers.

Ballmer has reportedly submitted a winning bid of $2 billion, beating out bids from groups led by David Geffen ($1.6 billion) and L.A. investors Tony Ressler and Steve Karsh ($1.2 billion).

The $2 billion price will be the second most ever paid for a North American Sports team and the most for an NBA team since the Milwaukee Bucks were bought for $550 million earlier this year.

Ballmer was CEO of Microsoft from 2000 until this year, and reportedly has a net-worth of $20 billion.