November 23, 2024 The Best Source of News, Culture, Lifestyle for Culver City, Mar Vista, Del Rey, Palms and West Los Angeles

Los Angeles Clippers Owner Donald Sterling Undecided on Price Tag

 

Sterling has not officially decided on the proposed sale amount of the Clippers.
Sterling has not officially decided on the proposed sale amount of the Clippers.

Contrary to earlier reports, Los Angeles Clippers owner Donald Sterling has not formally agreed to a proposed $2 billion sale of the team to former Microsoft CEO Steve Ballmer, according to the Los Angeles Times.

The primary stumbling block appears to be the $2.5 million fine and lifetime ban the NBA levied against Sterling after it was revealed last month that he made racially charged statements in privately recorded conversations with his companion, V. Stiviano.

When the Ballmer deal was announced May 30, Sterling allegedly believed the fine and punishment would be dropped in exchange for his cooperation with the sale and abandonment of a $1 billion lawsuit against the league for breach of contract, according to the Los Angeles Times.

An anonymous source told the Times Sterling saw a draft of an NBA statement he believed absolved him of all penalties, but he has since learned this is not the case.

“If they interpreted it (the statement) that way, that is wrong,” the source told the Times. “There is no thought of lifting the lifetime ban or the fine being rescinded.”

It is unclear what effect Sterling’s hesitance would have on the proposed sale, which was negotiated by his estranged wife, Shelly.

Earlier this week, his attorney, Max Blecher, told NBC news Sterling would  sign off on the sale because he had resolved all issues with the NBA, the Times and other sources reported.

The league’s approval of the sale, which is required, is still pending and the timetable for completion of the deal was uncertain even before Sterling’s misgivings were raised.

The NBA, the league and the Sterling Family Trust — the formal owner of the Clippers — had reached an agreement under which the trust and Shelly Sterling agreed not to sue the league. Under the agreement, the trust also agreed to indemnify the NBA against “lawsuits from others, including from Donald Sterling.”

In essence, the agreement meant the Sterling Family Trust would have to cover any damages incurred by the NBA if Donald Sterling proceeded with his lawsuit.

Related Posts

Video Shows Officer-Involved Shooting Outside SMPD Station

November 22, 2024

November 22, 2024

Officials Have Issued a Viewer Advisory, Cautioning That the Material May Be Distressing The Santa Monica Police Department has released...

Donate Blood and Save Lives at Culver City Fire Station This Weekend

November 22, 2024

November 22, 2024

Get a T-Shirt, Gift Card for Participating in the Cedars-Sinai Blood Drive The Culver City Rotary Club, in collaboration with...

LAPD Motorcycle Officer Hospitalized After 405 Freeway Crash in Sepulveda Pass

November 21, 2024

November 21, 2024

Collision Near Skirball Center DrivePossibly Involving a Tesla Caused Major Traffic  The 405 Freeway was the scene of a motorcycle...

Santa Monica Police Release Body Cam Footage of Deadly Force Incident Outside Headquarters

November 21, 2024

November 21, 2024

Graphic Video Shows a Violent Assault on an SMPD Officer by a Knife-Wielding Suspect The Santa Monica Police Department (SMPD)...

Breakaway Café Opens New Venice Location with Beachside Grab-and-Go Window

November 20, 2024

November 20, 2024

Bayse Brothers Bring Their Signature Breakfast Dishes and Good Vibes to Venice Breakaway Café, a popular breakfast and lunch eatery...

Last Minute Additions to the Best Thanksgiving 2024 Feasts and Pies To Go

November 20, 2024

November 20, 2024

If Other Faves are Sold Out, Here’s All The Quality Places to Try Now Celebrity chefs Susan Feniger and Mary...

Everytable’s Holiday Meal Collaboration To Support LA’s Unhoused Youth

November 20, 2024

November 20, 2024

Chef Created Thanksgiving Meal Benefits My Friend’s Place. Everytable, the mission-driven company committed to making scratch-cooked, nutritious meals accessible to...

Los Angeles City Council Codifies Sanctuary Protections for Migrants with New Citywide Ordinance

November 19, 2024

November 19, 2024

Mayor Bass Prioritized the Ordinance after Trump’s Mass Deportation Threats The Los Angeles City Council voted unanimously Tuesday to officially...

The Palms Community Council’s Executive Committee Schedules Special Meeting for Nov. 20

November 19, 2024

November 19, 2024

Meeting to Address Open Board Positions and Committee Updates The Executive Committee will hold a special meeting on Wednesday, Nov....

Hammer Museum Presents 10th Edition of MoMA Contenders: Screenings, Conversations with Top Filmmakers

November 19, 2024

November 19, 2024

Lineup Features Films by Steve McQueen, Sean Baker, and Brady Corbett The Hammer Museum will host the 10th edition of...

Film Review: Wicked

November 19, 2024

November 19, 2024

By Dolores Quintana Director John Chu (Crazy Rich Asians, In The Heights) has crafted an effervescent take on the blockbuster...

Randy’s Donuts Arrives in Culver City with Free Donuts and a $250 Gift Card Giveaway

November 19, 2024

November 19, 2024

Grand Opening on November 19 Includes Sweet Giveaways Starting at 6:00 a.m. The time is finally here. Randy’s Donuts is...

Nicole Nagel’s Futuristic Eric Moss Designed Brentwood Home To Hit Auction Block

November 18, 2024

November 18, 2024

The Spaceship-Like Property Heads to Auction With No Reserve in December German actress Nicole Nagel, who was part of the...

LA Controller Kenneth Meija: City Left $513 Million of Homelessness Budget Unspent

November 18, 2024

November 18, 2024

Inefficiencies Blamed for Underspending Despite Record Allocation in FY2024  The City of Los Angeles hasn’t spent over half of its...

West LA College Expands Zero-Cost Textbook Programs with $600K Grant

November 18, 2024

November 18, 2024

College Aims for 50 Zero-Cost Textbook Programs by 2025  West Los Angeles College (West) is expanding its zero-cost textbook program...