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.
Dec 17, 2014, 11:46 PM EST
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Dec 17, 2014, 10:25 PM EST
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Dec 17, 2014, 6:18 PM EST
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Blazers fans will get to see more Chris Kaman.
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Former Baylor University center was expected to be drafted, but was diagnosed with a disease that prematurely ended his chances of playing in the NBA.
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Wade has a reputation of being a flopper, and appeared to exaggerate the contact from the official.
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Love is suffering from the dreaded flu-like symptoms.
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Iggy does the Travel Dance.
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Durant joins Paul George as players who renounce the nonsensical report that emerged earlier in the season.
Dec 17, 2014, 9:09 AM EST
Prior relationships Jackson has with Kings brass may make this an obvious choice for Sacramento as the team searches for its next head coach.
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