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Wednesday, October 01, 2014         

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Sterling acquiesces to Clippers sale

By Associated Press

POSTED:


LOS ANGELES >> Los Angeles Clippers owner Donald Sterling agreed Wednesday to sign off on selling the team he has owned for 33 years to former Microsoft CEO Steve Ballmer for $2 billion, bringing the possibility of a resolution to weeks of rumors, uncertainty and looming possibilities for legal action.

The agreement hadn't been officially signed Wednesday afternoon, according to an individual with knowledge of the negotiations who wasn't authorized to discuss them publicly. But Donald Sterling's attorney, Maxwell Blecher, said he "has made an agreement with the NBA to resolve all their differences." Sterling gave his consent to a deal that was negotiated by his wife, Shelly Sterling, to sell the team, Blecher said. 

Representatives for Shelly Sterling and the NBA declined to comment.

The agreement was an about face for Donald Sterling, who just last week filed a $1 billion suit against the NBA in federal court alleging the league violated his constitutional rights by relying on information from an "illegal" recording that publicized racist remarks he made to a girlfriend. It also said the league committed a breach of contract by fining Sterling $2.5 million and that it violated antitrust laws by trying to force a sale. Blecher said that as a result of the agreement, the federal suit will now be dismissed.

Sterling's comments to V. Stiviano included telling her to not bring black people to Clippers games, specifically mentioning Hall of Famer Magic Johnson. They resulted in a storm of outrage from the public and players. 

NBA Commissioner Adam Silver ultimately decided to ban Donald Sterling for life and began efforts to force Sterling to sell the team. 

For weeks, Donald Sterling said through his attorneys that he would fight the NBA's decisions to try to force his ouster as a team owner. But last week Shelly Sterling utilized her authority as sole trustee of The Sterling Family Trust, which owns the Clippers, to take bids for the team and ultimately negotiate a deal with Ballmer.

Ballmer beat out bids by Guggenheim Partners and a group including former NBA All-Star Grant Hill. Ballmer made more than an hourlong personal visit to Shelly Sterling's Malibu home last week and laid out his plan. 

If the NBA owners approve the sale, it will be a record-high sum for a team that cost Donald Sterling about $12 million in 1981. Blecher's co-counsel, Bobby Samini, said the vote by league owners is expected to take place in mid-July.






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