May 9, 2014, 3:49 PM EDT
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.
Shelly Sterling says that Parsons "is an ideal choice to run the franchise until the ownership issues are clarified."—
Ramona Shelburne (@ramonashelburne) May 09, 2014
Aug 30, 2014, 12:11 AM EDT
Another Pacer player injured in international play.
Aug 29, 2014, 11:15 PM EDT
Tournament features a record 75 players who have played in the NBA at some point, and we have the complete list.
Chris Paul discusses his signature shoe, hoops with media at launch of his Jordan Brand CP3 VIII (VIDEO)
Aug 29, 2014, 9:45 PM EDT
Chris Paul is way more into sneakers than you are, and articulated it well at the launch of his latest signature shoe in New York earlier this week.
Aug 29, 2014, 8:15 PM EDT
Ayon has played for four teams in three NBA seasons, and currently only has offers to play overseas next year.
Aug 29, 2014, 6:43 PM EDT
Allen is undecided on playing next season.
Aug 29, 2014, 4:15 PM EDT
Knicks wing acts as security guard in prank
Aug 29, 2014, 3:33 PM EDT
Bulls have Joakim Noah, Pau Gasol, Taj Gibson and Nikola Mirotic
Aug 29, 2014, 2:47 PM EDT
Colangelo touts Anthony Davis, James Harden, Stephen Curry, Derrick Rose, Rudy Gay
Aug 29, 2014, 2:00 PM EDT
By also stretching Carlos Delfino, Clippers can sign four veterans to minimum contracts
Aug 29, 2014, 1:15 PM EDT
The truth is limited games in an unusual setting don’t provide real answers to how Rose is feeling or will do down the line. What you think this says about Rose really says more about what you think of Rose’s future than anything else.
Aug 29, 2014, 12:40 PM EDT
Thunder center faced year-long ban before declaring for draft
Aug 29, 2014, 11:40 AM EDT
It should be USA/Spain for the gold, everyone else is playing for third.
Aug 29, 2014, 10:59 AM EDT
Shelly Sterling, who’s still tied to the Clippers, ensuring team can’t move on from her husband
Aug 29, 2014, 10:24 AM EDT
Anthony Davis should lead the Pelicans to the playoffs, which would make Monty Williams feel safer.
Aug 29, 2014, 10:00 AM EDT
World Peace/Pandas Friend has already reached terms to play in China. Bidding war?
Aug 29, 2014, 9:24 AM EDT
Celtics forward contributes money toward construction of building named for John Thompson Jr.
Aug 29, 2014, 8:44 AM EDT
If the Nuggets stay healthy, they are again a playoff threat in the West.
Aug 29, 2014, 8:00 AM EDT
Protecting the paint is the obvious Achilles heel of the Cavaliers, on paper anyway.
Aug 29, 2014, 12:01 AM EDT
Stauskas is thrilled to have finally made it to the NBA.
Aug 28, 2014, 10:29 PM EDT
Wade and Bosh show they can get the job done now that LeBron has moved on.
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- Derrick Rose knows injury questions will keep coming. And coming. And coming. 7
- FIBA World Cup preview: USA, Spain, then who else can medal? 0
- Official ‘Clippers’ Number 1 Fan’ on herself and Donald Sterling: ‘I’ll always feel it’s our team’ 17
- Cavaliers GM admits concerns about rim protection on defense 19
- Coach K had DeMarcus Cousins as USA’s backup big long before final cuts 6
- World Cup preview: No Durant, no problem USA still one of two teams with legit shot to win gold 6