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.
Oct 25, 2014, 11:00 PM EDT
Reigning Rookie of the Year had offseason shoulder surgery, but may not miss many regular season games.
Oct 25, 2014, 9:30 PM EDT
Defending champs have no reason to exert themselves until the games count in the standings.
Oct 25, 2014, 8:00 PM EDT
Lopez hasn’t practiced since it was reported he suffered a soft tissue injury to his surgically repaired foot on Oct. 16.
Oct 25, 2014, 6:30 PM EDT
Warriors hold (almost) all the leverage, because Thompson will be a restricted free agent next summer.
Oct 25, 2014, 5:00 PM EDT
Oct 25, 2014, 3:30 PM EDT
Lineup data shows Green greatly improves his team’s chances when playing with the starters.
Oct 25, 2014, 2:00 PM EDT
Is Stephenson ready for responsibility that comes with going from Pacers to Hornets?
Oct 25, 2014, 12:30 PM EDT
No surprise, and Lakers fans feel the same way.
Oct 25, 2014, 11:00 AM EDT
It might be because short of an insane offer of a max deal, Thompson would rather take his chances as a restricted free agent next summer.
Oct 25, 2014, 9:30 AM EDT
Nice job of McCallum to stay active on a play where he had already missed a shot.
Oct 25, 2014, 8:00 AM EDT
Will Thomas make Kings regret choosing Darren Collison over him?
Oct 25, 2014, 12:01 AM EDT
Thunder will be very short-handed the first month of the regular season.
Oct 24, 2014, 11:00 PM EDT
It’s far from guaranteed that they will use it.
Oct 24, 2014, 10:00 PM EDT
And it was probably the smartest possible play
Oct 24, 2014, 9:00 PM EDT
76ers forwent any guaranteed salary to hit free agency sooner
Oct 24, 2014, 8:20 PM EDT
Bucks point guard Nate Wolters makes heads-up play
Oct 24, 2014, 7:31 PM EDT
Can’t say I ever pictured that.
Oct 24, 2014, 6:40 PM EDT
This is a minor trade, even in Sam Hinkie’s world.
Oct 24, 2014, 5:31 PM EDT
Clippers owner affirms reputation
Byron Scott says Lakers may need to trade for point guard. For now, Ronnie Price starts, Jeremy Lin off bench.
Oct 24, 2014, 4:41 PM EDT
Expect the Lakers to try and trade for a point guard… no, not Rajon Rondo.
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