May 23, 2014, 10:58 AM EDT
At his press conference this week, NBA commissioner Adam Silver addressed Donald and Shelly Sterling selling the Clippers before the NBA removed the family’s ownership:
Mrs.Sterling as I understand it through a trust owns 50 percent of the team, as well. It is their team to sell, and so he knows what the league’s point of view is, and so I’m sure if he wanted to sell the team on some reasonable timetable, I’d prefer he sell it than we go through this process. So if that’s what you mean by man‑to‑man, I’m open to that.
Silver might get his preference.
Sources tell NBC’s Matt Zimmerman that Donald Sterling has given control of the Clippers to Shelley Sterling.
That confirms something first reported by TMZ:
Donald Sterling is no longer the controlling owner of the Los Angeles Clippers … TMZ Sports has learned he just surrendered control to his estranged wife, Shelly Sterling, and she is now secretly negotiating with the NBA to sell the team … ON HER TERMS.
Sources connected with the Sterlings tell us … Donald made the decision because he saw the handwriting on the wall — as long as he remained in control, the NBA would order an involuntary sale of the team.
Ramona Shelburne of ESPN actually explains it better:
The Sterlings may be trying to negotiate the sale of the Clippers but it remains to be seen if the NBA will allow them to do so.
First off, the league released a statement saying that it will continue on its timetable for a June 3 hearing and vote. The league is not about to give up that leverage.
Next, there is no way Shelly has become the Clippers’ controlling owner, as the first reports indicated. That’s a change that must meet league approval, and not only would she have to answer a lot of questions in the vetting process, it would be a very public process we would know about (like any other ownership change). That has not happened.
This is a deal between Shelly and Donald, it is not something with the league.
It’s possible Shelly – an alternate governor for the Clippers – has assumed Donald’s vote. The NBA constitution stipulates:
Each Member shall be represented on the Board of Governors by a Governor who may be replaced at will by such Member (and who shall be an individual who is an Owner, or a director, officer, or authorized employee of such Member), and who shall be vested with the full power and authority to represent such Member and to bind such Member by his or her vote.
This is an informal arrangement, at least as far as the NBA is concerned. Silver wants the team sold, and if Donald is willing to accommodate rather than sue, all the better. In effect, I’m not sure anything will proceed differently than had he just agreed to sell the team himself.
The one thing that could throw a wrench in all this is that Shelly Sterling wants to keep a piece of the team, reports Jeff Zillgitt at the USA Today.
Shelly Sterling has agreed to sell the team as long as she retains a minority interest in the Clippers, according to the second person, who also requested anonymity because he was not authorized to speak publicly about the negotiations.
Several players have told PBT this would be unacceptable to them. The league office has had the same reaction, which is another reason they are continuing to move forward with the efforts to terminate the Sterlings’ ownership.
The NBA contends, if the other owners vote to remove Donald’s ownership, Shelly would also lose hers. That vote is scheduled for June 3.
The clock for Shelly to complete a sale is ticking.
Jun 30, 2015, 8:30 AM EDT
This could be decided quickly.
Jun 30, 2015, 8:00 AM EDT
This was expected, there is no drama here.
Report: Tim Duncan, Tony Parker part of Spurs pitch to LaMarcus Aldridge (and they may be favorites)
Jun 30, 2015, 1:01 AM EDT
The Spurs are right at the front of the line with the Lakers to win Aldridge over.
Jun 29, 2015, 11:45 PM EDT
We knew Korver would need ankle surgery, but this is a bit of a surprise.
Jun 29, 2015, 10:45 PM EDT
Aldridge is expected to leave Portland, and the most recent report has the Lakers as the frontrunners to retain his services.
Jun 29, 2015, 9:45 PM EDT
Clippers remain frontrunners to retain Jordan’s services; Lakers, Mavericks also in the mix.
Jun 29, 2015, 8:45 PM EDT
Antic was with the Hawks the last two seasons.
Jun 29, 2015, 7:45 PM EDT
Davis is looking for a multi-year deal.
Jun 29, 2015, 6:50 PM EDT
The bottom line is this: Butler is going to be a Bull next season.
Jun 29, 2015, 6:16 PM EDT
The first rule of trading a player is to not look like you want to trade that player.
Jun 29, 2015, 5:20 PM EDT
Kind of hard to picture him going to the Raptors considering the other options on the table.
Jun 29, 2015, 4:31 PM EDT
The real question for Wade and his effort to leverage the Heat: Who is going to give him more money than Miami?
Jun 29, 2015, 3:44 PM EDT
The report says $12 million a year for Afflalo, that price seems steep.
Jun 29, 2015, 3:18 PM EDT
They are trying to keep those two while dealing Joe Johnson and Deron Williams.
Jun 29, 2015, 2:46 PM EDT
Expect the Bledsoe drama to play out through the summer. Again.
Jun 29, 2015, 1:55 PM EDT
He has more leverage this way, can get a longer deal.
Jun 29, 2015, 1:24 PM EDT
Doesn’t Butler strike you as the kind of veteran the Spurs bring in and he’s rejuvenated?
Jun 29, 2015, 12:44 PM EDT
The question is only what length of contract Love will sign.
Jun 29, 2015, 11:50 AM EDT
Where is Wade going to find a better deal on the open market?
Jun 29, 2015, 11:10 AM EDT
Stan Van Gundy’s offense doesn’t really fit two traditional bigs.
- Report: Chicago Bulls give Jimmy Butler max qualifying offer 17
- Report: Dwyane Wade will not opt-in with Heat, to become free agent (as expected) 25
- Report: Knicks front runner to land Arron Afflalo (and Greg Monroe, too) 27
- Report: Luol Deng surprises Miami, opts in for 2015-16 season 30
- Report: Sense around league is Kevin Love will re-sign with Cavaliers 31
- Report: As deadline nears, signs still point to Dwyane Wade opting out, becoming free agent 40
- Report: Dallas most likely team to lure DeAndre Jordan from Clippers, Chandler Parsons already recruiting 24
- Report: Lakers would still trade D’Angelo Russell for DeMarcus Cousins straight up. Kings wouldn’t. 30