Report: Donald Sterling’s lawyers say they have gotten offers in excess of $2.5 billion for Clippers
May 27, 2014, 7:20 PM EST
As with all things Donald Sterling, we start with this cautionary note: Take everything he and his people say with a grain of salt. Actually, a five-pound bag of the stuff. The smart move is to assume everything is a stalling tactic or an effort to somehow gain some measure of control over what is going on.
But on the day Sterling has to answer the NBA’s charges against him in the league’s effort to force a sale of the Los Angeles Clippers, his attorney dropped this, via NBC’s Los Angeles.
While there has been buzz that with all the big names involved in the bidding the price was going to get north of $1.5 billion and up to $2 billion, this is still an eye-popping number.
Again, if I were cynical I would say this was an effort from Sterling’s attorney to slow the league’s process down and maintain control as his wife Shelly tries to sell the team. The old dazzle them with big numbers trick.
Actually, I am cynical about this, I think that is what is going on.
I also know the league is not slowing down its effort.
In the wake of the fallout from a leaked recording of Donald Sterling saying very prejudiced things — and sponsors pulling out as a result — the NBA started the process to remove him as owner of the Clippers. The league presented formal charges against Sterling last week and through their constitutional process — something Sterling and his wife agreed to and signed off on more than once — he has until Tuesday midnight to respond.
On June 3 there will be a Board of Governors meeting (the other 29 owners) where Sterling and his attorney can make their case, and the league will present its case. After that, if three quarters of the owners vote to remove Sterling he is gone, as is any other owner of the team — in this case his wife Shelly Sterling. At that point the league would take control of the franchise and sell the team through a blind bid process (Sterling would get the money from that sale, minus any fines and league expenses).
The league is not slowing down. No matter how much money Sterling’s attorney says is being offered — the league would get that same offer when it sold the team.
Jason Kidd tells Joe Johnson ‘we know it’s coming to you’ late in Bucks’ triple-overtime win over Nets
Nov 20, 2014, 10:15 PM EST
Kidd trash talked his former player in crunch time.
Nov 20, 2014, 9:15 PM EST
This one isn’t really worth punishing.
Nov 20, 2014, 8:15 PM EST
Adam Silver’s support for legalized sports betting is making him unpopular in some circles.
Nov 20, 2014, 7:30 PM EST
The virus has affected almost half of Memphis’ roster.
Nov 20, 2014, 6:45 PM EST
Love is averaging 16.7 points per game in his first year with the Cavs.
Nov 20, 2014, 6:00 PM EST
NBPA director Michele Roberts calls the suspension “excessive.”
Nov 20, 2014, 5:15 PM EST
Rose could be out longer.
Nov 20, 2014, 4:30 PM EST
17 is far too low.
Nov 20, 2014, 3:40 PM EST
Rockets star has taken plenty of verbal abuse lately from opposing players
Nov 20, 2014, 3:07 PM EST
Not pictured: Milwaukee celebrating win over Nets
Nov 20, 2014, 2:33 PM EST
Craftiness from the Lakers star
Nov 20, 2014, 1:55 PM EST
Cavaliers center gives Kawhi Leonard a hard time
Players union, after Jason Kidd’s negotiations, looking into agents representing coaches and players
Nov 20, 2014, 1:21 PM EST
Current National Basketball Players Association rule forbids agents from representing players and coaches
Nov 20, 2014, 12:33 PM EST
Both teams reportedly interested in Timberwolves small forward
Nov 20, 2014, 11:55 AM EST
Philadelphia players make Wroten spokesman for responding to Suns guard
Nov 20, 2014, 11:20 AM EST
Clippers coach: ‘He’s probably the best player in the league that nobody knows’
Alex Len, No. 5 pick in a draft full of players who looked like busts as rookies, showing he doesn’t deserve the label
Nov 20, 2014, 10:16 AM EST
Suns center impressing in second season
Nov 20, 2014, 9:30 AM EST
Lebron says it’s more difficult than even winning a championship
Nov 20, 2014, 9:00 AM EST
Corey Brewer throws pass just low enough to avoid a turnover, high enough to make Muhammad look good
Nov 20, 2014, 8:30 AM EST
And Seraphin gets called for the foul.
- PBT Extra: How would the NBA benefit from legalized sports betting? 2
- NBPA ready to appeal Jeffery Taylor’s 24-game suspension 7
- PBT’s Wednesday night NBA Winners/Losers: Video of LeBron’s fumble, other tight finishes 14
- LeBron James, with chance to beat Spurs, loses ball to end game (video) 39
- NBA suspends Hornets’ Jeff Taylor for 24 games following guilty plea for domestic violence 7
- PBT Extra: Is Dwight Howard NBA’s newest villain? 31
- Report: Bradley Beal to make season debut Wednesday for Wizards 5