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.
Sep 21, 2014, 8:00 AM EDT
Sep 20, 2014, 11:00 PM EDT
Rubio may not like it, but Minnesota can retain his rights in restricted free agency next summer.
Sep 20, 2014, 9:30 PM EDT
Big man from Mexico preferred to remain in the NBA, but took the payday to return overseas.
Sep 20, 2014, 8:00 PM EDT
Watch it all the way through.
Sep 20, 2014, 6:30 PM EDT
With two years left in the NBA, Bryant has an eye on life after basketball.
Sep 20, 2014, 5:00 PM EDT
A previous report said Gibson was less than thrilled with remaining a reserve.
Sep 20, 2014, 3:30 PM EDT
Blatche can play, but the NBA offers simply weren’t there.
Sep 20, 2014, 2:00 PM EDT
10-story-high banner will return after a similar one was taken down when James left in 2010.
Sep 20, 2014, 12:28 PM EDT
Sessions could start at point guard for Sacramento.
Sep 20, 2014, 11:00 AM EDT
Unsurprisingly, Curry supports his backcourt mate 100 percent.
Sep 20, 2014, 9:30 AM EDT
He had toe surgery in mid-August.
Sep 20, 2014, 8:00 AM EDT
This is what you want out of these guys.
Tyson Chandler says negative comments questioning his impact on chemistry with Knicks were ‘the ultimate shock’
Sep 19, 2014, 11:00 PM EDT
Chandler, now with Dallas, fires back at the Knicks.
Sep 19, 2014, 9:45 PM EDT
Chapman played four years for the Suns, and is facing charges in Scottsdale, AZ.
Sep 19, 2014, 8:15 PM EDT
Must-read quote from Bogut on how he does NOT want to be perceived.
Sep 19, 2014, 5:59 PM EDT
This post is here to make life easier for you when you want to find these at the end of the season and point out how wrong we were.
UPDATED Report: Timberwolves make push for Eric Bledsoe, Suns not interested in sign-and-trade talks
Sep 19, 2014, 5:11 PM EDT
It has to be a sign and trade and Minnesota doesn’t have a lot of leverage here.
Sep 19, 2014, 4:00 PM EDT
“It was more just becoming a better all-around player, trying to take the next step and become a leader on this team and will my team to win.” —Jeff Green
Sep 19, 2014, 3:28 PM EDT
And you wonder why Phil Jackson is worth $12 million a year to the Knicks organization.
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