Report: Donald Sterling’s lawyers say they have gotten offers in excess of $2.5 billion for Clippers
May 27, 2014, 7:20 PM EDT
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.
Oct 2, 2014, 12:25 AM EDT
Stephen Curry, Klay Thompson, Andre Iguodala, David Lee and Andrew Bogut dominated last season and return for more
Oct 1, 2014, 11:15 PM EDT
Kobe takes championship-or-bust mentality
Oct 1, 2014, 10:20 PM EDT
George wants to re-join the Pacers for the playoffs
Oct 1, 2014, 9:25 PM EDT
Thunder forward says he doesn’t (unless he’s joking like Kevin Martin)
Oct 1, 2014, 8:30 PM EDT
Get fouled on a missed 2-pointer – one free throw worth two points
Get fouled on a missed 3-pointer – one free throw worth three points
Oct 1, 2014, 7:35 PM EDT
OK, what did I get wrong?
Oct 1, 2014, 6:40 PM EDT
Two young players trying to prove to new coaches they deserved minutes. This is a real setback for both.
Oct 1, 2014, 5:50 PM EDT
The show is on Disney XD. I suppose there are worse things your child could watch.
Man sues Madison Square Garden saying he was ejected from Knicks game for saying “Carmelo, you stink”
Oct 1, 2014, 5:01 PM EDT
A Madison Square Garden spokesman called the lawsuit “frivolous.”
Oct 1, 2014, 4:20 PM EDT
Dirk loves him some Hoff.
Oct 1, 2014, 3:40 PM EDT
Thing is, Rodman fit the triangle and what Jackson wants to do with a team. Smith…. not so much.
Oct 1, 2014, 3:01 PM EDT
Monroe had a busy offseason in terms of appearances in the NBA’s news cycle.
Oct 1, 2014, 2:21 PM EDT
LeBron is taking on a leadership role early in his second stint in Cleveland.
Oct 1, 2014, 1:41 PM EDT
Broken hand is supposed to sideline Rondo for 6-8 weeks.
Oct 1, 2014, 1:00 PM EDT
I list my personal picks for top five backcourts.
Oct 1, 2014, 12:21 PM EDT
Second round pick foregoing additional guaranteed dollars in order to bet on himself.
Oct 1, 2014, 11:39 AM EDT
Reminder not to believe everything you read, especially if it’s attributed to ‘a source.’
Oct 1, 2014, 11:00 AM EDT
Cousins was tied for the league lead with 16 last season.
Oct 1, 2014, 10:00 AM EDT
The new-look Hornets, with Lance Stephenson in tow, are hoping to build on a playoff run and a promising young core.
Oct 1, 2014, 9:30 AM EDT
Kobe wants to shake the rust off before the games count for real later this month.
- Hey John Wall/Dion Waiters, Stephen Curry says Warriors have best backcourt. And he’s right. 41
- ProBasketballTalk 2014-15 Preview: Charlotte Hornets 5
- Kobe Bryant plans to play in all 8 preseason games for Lakers 11
- ProBasketballTalk 2014-15 Preview: Miami Heat 9
- Mike Miller points to him being amnestied as start of LeBron James leaving Miami 15
- Kobe Bryant thinks he could physically play beyond contract extension 14
- Trey Burke, in wake of nude-photo scandal: ‘My judgments will be much better’ 11
- Report: Kevin Durant says he wants to play in 2016 Olympics (his free agent summer) 5