May 9, 2014, 3:49 PM EST
The long-range future of the Clippers is murky — the other owners are starting the process to force a sale of the team, while both Donald and Shelly Sterling separately plan to fight that plan — but the short term picture got a little more clear.
Richard Parsons, the former Citigroup chairman and Time Warner CEO, has been appointed the interim CEO of the Los Angeles Clippers, the league has announced.
“I believe the hiring of Dick Parsons will bring extraordinary leadership and immediate stability to the Clippers organization,” NBA Commissioner Adam Silver said in a released statement. “Dick’s credentials as a proven chief executive speak for themselves and I am extremely grateful he accepted this responsibility.”
“Like most Americans, I have been deeply troubled by the pain the Clippers’ team, fans and partners have endured,” said Parsons in a statement released through the league. “A lifelong fan of the NBA, I am firmly committed to the values and principles it is defending, and I completely support Adam’s leadership in navigating the challenges facing the team and the league. The Clippers are a resilient organization with a brilliant coach and equally talented and dedicated athletes and staff who have demonstrated great strength of character during a time of adversity. I am honored to be asked to work with them, build on their values and accomplishments, and help them open a new, inspiring era for their team.”
After racist remarks by Sterling were released on a recording the Clippers faced serious ramifications — multiple sponsors (some of the NBA’s biggest) pulled their association with the Clippers, plus the players were threatening to boycott a playoff game (not just the Clippers but also the Golden State Warriors).
In a decision that was a combination of justified moral outrage and smart business move, Silver responded by banning Donald Sterling for life, fining him $2.5 million and starting the process with the other league owners to force a sale of the team. The league also forced long-time Sterling associate and team president Andy Roeser to step aside.
Parsons, an African-American, steps into that vacuum and will oversee the operation (primarily the business side; he is not going to be making basketball decisions –that power remains with Doc Rivers mostly). Parsons is currently a senior advisor at Providence Equity Partners, sits on the board of directors for the Commission on Presidential Debates, and has served as a member of President Barack Obama’s economic advisory team.
He will stay in this position until the ownership situation is settled, something likely headed to the courts after the owners vote out Donald Sterling. Complicating matters, Donald owns the team 50-50 in a trust with his wife Shelly. Also, Donald is currently battling cancer, according to reports. Shelly is apparently good with this hire.
Dec 27, 2014, 10:25 PM EST
Just like Lance… and you really shouldn’t imitate Lance.
Dec 27, 2014, 9:00 PM EST
He’s done it twice in the last two games.
Dec 27, 2014, 8:02 PM EST
A sports hernia kept him out of training camp and the rookie has never caught up with the learning curve.
Dec 27, 2014, 6:30 PM EST
Stephenson has missed the last four games.
Dec 27, 2014, 5:03 PM EST
Will the Lakers’ offense resort to stagnation?
Dec 27, 2014, 3:30 PM EST
Anthony Davis has arrived.
Dec 27, 2014, 2:00 PM EST
Stuckey says the trade robbed the locker room of accountability.
Dec 27, 2014, 12:30 PM EST
LeBron James was in “chill mode” and this team is vulnerable when he is.
Dec 27, 2014, 11:00 AM EST
Hamstrings are tricky things.
Dec 27, 2014, 9:30 AM EST
This option was always on the table for him, people around the NBA just never thought he’d choose it.
Dec 27, 2014, 7:59 AM EST
He won’t be available until February or March, the Heat may not want to wait that long.
Dec 27, 2014, 12:45 AM EST
Lob City comes to Sacramento.
Dec 27, 2014, 12:02 AM EST
Moses Malone is up next.
Dec 26, 2014, 11:15 PM EST
Should have had a three-point opportunity, too.
Dec 26, 2014, 10:30 PM EST
He isn’t human.
Dec 26, 2014, 9:45 PM EST
Hopefully there are more of these and fewer threes.
Dec 26, 2014, 9:00 PM EST
Not good news for the Cavs’ frontcourt depth.
Dec 26, 2014, 8:15 PM EST
His body is still sore.
Dec 26, 2014, 7:30 PM EST
Teams are looking for any edge they can get.
Dec 26, 2014, 6:00 PM EST
The no-trade worked out quite well for Toronto.
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- Rumor: Ray Allen leaning toward retirement, not return 8
- Josh Smith makes Rockets debut, throws down two-handed dunk (VIDEO) 15
- Carmelo Anthony on the Knicks: “The fans are dying, we’re dying” 20
- Rockets officially sign Josh Smith, who will play Friday night; waive Tarik Black 6
- Clippers win ‘nice, boring’ Christmas Day battle with Warriors 1
- Miami fans give LeBron warm welcome, Heat team not so much in upset win 25
- Russell Westbrook inspires Thunder to skid-stopping win over Spurs 8