Source: Clippers draw as many as five bidders

(CNN) -- There are as many as five bidders to buy the Los Angeles Clippers, with offers up to $2 billion, a source with knowledge of the situation told CNN on Wednesday night.

The team is owned by the Sterling family trust, with Donald and Shelly Sterling each owning 50% of the team.

Donald Sterling was banned by the NBA earlier this month and fined $2.5 million, and the league began proceedings to terminate the Sterlings' ownership rights.

The NBA has scheduled a special June 3 meeting of the Board of Governors for a vote on the matter.

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