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.
Lakers’ rookies get to take care of baby dolls for rest of season. May be more interesting than Lakers’ games.
Jan 25, 2015, 10:29 PM EST
This kind of hazing happens all over the league.
Jan 25, 2015, 9:04 PM EST
The Nets and Hornets talked but did not pull the trigger on a Brook Lopez trade recently.
Jan 25, 2015, 8:30 PM EST
Aldridge is attempting to play through a thumb tear.
Jan 25, 2015, 7:00 PM EST
In only 24 minutes.
Jan 25, 2015, 5:30 PM EST
Deng played his first game in Chicago as a member of a visiting team on Sunday.
Jan 25, 2015, 4:00 PM EST
Dragic can opt out this summer.
Jan 25, 2015, 2:44 PM EST
He would be back for training camp next season.
Jan 25, 2015, 2:00 PM EST
They need a Brandon Jennings replacement.
Knicks’ Lance Thomas travels, double dribbles and steps out of bounds without any call from the officials (VIDEO)
Jan 25, 2015, 12:30 PM EST
Two referees failed to blow the whistle, despite multiple violations occurring in the same sequence.
Jan 25, 2015, 11:00 AM EST
Both players successfully tricked the referees into calling a foul.
Jan 25, 2015, 9:30 AM EST
He’s just 23 behind Jason Terry for third most on the All-Time list.
Jan 25, 2015, 8:00 AM EST
He hd 26 points and 9 boards. That brace worked out pretty well.
Jan 25, 2015, 1:01 AM EST
Can we just get through the rest of this season without any more major NBA injuries, please?
Jan 24, 2015, 11:00 PM EST
Brad Stevens reportedly likes Prince, so a buyout may not be in the cards.
Derek Fisher didn’t realize motivating his players would be such a big part of being an NBA head coach
Jan 24, 2015, 9:30 PM EST
Fisher played 18 years, and claims that his motivation always came from within.
After being fined for obscene gesture, Dwyane Wade asks NBA to improve on ways it protects players from fans
Jan 24, 2015, 8:00 PM EST
Wade was fined for flipping off some fans who he believed crossed the line.
Jan 24, 2015, 6:30 PM EST
“He had his chance to reach out,” Waiters said.
Jan 24, 2015, 5:00 PM EST
Howard left the game after just eight minutes and did not return.
Jan 24, 2015, 3:17 PM EST
Aldridge has a tear in his left thumb, and was originally set to be sidelined 6-8 weeks.
Jan 24, 2015, 2:00 PM EST
Drama in Dallas?
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- Brandon Jennings leaves game in wheelchair, may have torn Achilles 8
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- Kobe Bryant will be back next season, he can’t resist the challenge 20
- Klay Thompson sets NBA record with 37 point quarter (VIDEO) 36