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.
Aug 1, 2015, 11:00 PM EDT
Hamilton played 14 games with the Clippers last season.
Aug 1, 2015, 9:30 PM EDT
Rose played in the 2010 and 2014 FIBA World Championships.
Aug 1, 2015, 8:00 PM EDT
That would be good news for the Spurs and bad news for the rest of the Western Conference.
Aug 1, 2015, 6:30 PM EDT
Noah spent most of last season limited by knee surgery.
Aug 1, 2015, 5:00 PM EDT
His $4.7 million salary for next season is unguaranteed.
Aug 1, 2015, 3:30 PM EDT
Paul is still in the running for a spot on the 2016 Olympic team.
Aug 1, 2015, 2:00 PM EDT
Will this lead to all 30 teams getting their own affiliates?
Hakeem Olajuwon and Dikembe Mutombo make surprise appearances for Team Africa in NBA exhibition game (VIDEO)
Aug 1, 2015, 12:30 PM EDT
Team Africa faced off against Team World in Johannesburg.
Aug 1, 2015, 11:00 AM EDT
Mbah a Moute signed a one-year deal with the Kings in July.
Aug 1, 2015, 9:30 AM EDT
Biyombo has worked with Hakeem Olajuwon this summer on post moves, other parts of his game.
Aug 1, 2015, 8:00 AM EDT
The Nets will be paying the price for their win-now era for a few years to come still.
Aug 1, 2015, 1:11 AM EDT
This is the right move, whether he decides to play in Rio or not.
Jul 31, 2015, 11:08 PM EDT
He looks like a guy who can live up to the No. 1 pick billing.
Jul 31, 2015, 10:26 PM EDT
Norris Cole is still looking for a bigger payday.
Jul 31, 2015, 9:31 PM EDT
Her credentials are unassailable.
Jul 31, 2015, 8:10 PM EDT
He is currently out on bond.
Jul 31, 2015, 7:15 PM EDT
Hill told the police he was “in a hurry.” I guess so.
Jul 31, 2015, 7:01 PM EDT
Neither guy is going to make a difference on the court for these teams. This was just moving some money around.
Jul 31, 2015, 5:46 PM EDT
Crabbe looked good in Las Vegas at Summer League.
Jul 31, 2015, 4:59 PM EDT
The Kings don’t really have the roster spot for him.
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