The Clippers did not comment on the report but the team told ESPN they're continuing forward with plans to build a state-of-the-art, 18,000-seat arena.
ESPN is reporting the acquisition would clear a major hurdle in the team's efforts to build a new home arena in Inglewood.
MSG has been in a legal battle with the city of Inglewood and Ballmer over his plans to build the facility. MSG did not provide a comment for the story.