August 16, 2025 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 “There is no thought of lifting the lifetime ban or the fine being rescinded.”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

Suspect Arrested in UCLA Hate-Crime Investigation Over Stolen Black History Posters

August 16, 2025

August 16, 2025

University Police Say the Individual Was Found Inside Haines Hall With a Stun Gun UCLA police arrested a suspect on...

Two Arrested in Culver City E-Bike Shooting; Cache of Guns, Suspected Cocaine Seized

August 16, 2025

August 16, 2025

Victim Wounded After Resisting Robbery on Sepulveda Boulevard Two women have been arrested in connection with the Aug. 4 shooting...

Tesla Diner Slashes Menu Weeks After Grand Opening in Hollywood

August 16, 2025

August 16, 2025

Diner Narrows Offerings, Faces Protests and Lawsuit Amid Early Hype Tesla’s new retro-style diner and drive-in has already deep sixed...

Jeni’s Splendid Ice Cream Debuts  All-Black Ice Cream in Collaboration With Artist Cj Hendry

August 15, 2025

August 15, 2025

Limited-Edition Flavor Opaque and All Black Cones Launch on Aug. 14 Jeni’s Splendid Ice Creams is stripping away the usual...

Drivers Take Note: Major Street Closures Planned for CicLAvia in Culver City and Venice

August 15, 2025

August 15, 2025

Major Roads in the Area Will Shut Down From 9:00 a.m. To 4:00 p.m. Culver City and Los Angeles will...

Fire at Beverly Hills’ Funke Prompts Evacuation, No Injuries Reported

August 15, 2025

August 15, 2025

Blaze in Exhaust System Forces Temporary Closure Flames erupted in the exhaust system at Funke Restaurant on Tuesday night, prompting...

ICE Raids Rattle Westside Businesses Amid Reports of Arrests, Ambush Tactics

August 14, 2025

August 14, 2025

Masked Men Targeted Car Washes, Home Depots: 30 People Missing ICE and Border Patrol raids on Los Angeles’ Westside this...

Fiery 10 Freeway Chase Ends in Multi-Car Crash, Five Injured After Suspects Toss Batteries

August 14, 2025

August 14, 2025

Deputies Say a Stolen SUV Caused Chaos, Ending Car Explosion Car-chase suspects tossing car batteries from a stolen Lexus SUV...

405 Freeway Closure Rescheduled: Sepulveda Pass to Shrink to Three Lanes August 22–25

August 14, 2025

August 14, 2025

Extended 405 Closure to Snarl Traffic Through Sepulveda Pass  The major closure of the 405 Freeway through the Sepulveda Pass...

Concert in the Courtyard: Israeli Band The Peatot Brings High-Energy Sound to Adat Shalom Synagogue

August 14, 2025

August 14, 2025

Event in Westwood Will Feature Live Music, Food, and Family-Friendly Community Celebration Adat Shalom Synagogue will host a summer evening...

Sweet Wheat Bakery & Bistro Opens in Downtown Culver City August 18

August 14, 2025

August 14, 2025

French Brothers Open Bakery with Authentic Parisian Pasteries A new bakery and bistro from two French-born brothers is set to...

Sidecar & Van Leeuwen Unite for One-Night-Only Doughnuts à la Mode

August 14, 2025

August 14, 2025

Limited-Time Collab Pairs Iconic Doughnuts With Artisanal Scoops Sidecar Doughnuts, the purveyors of some of Los Angeles’ best doughnuts, is...

Mr. Charlie’s Brings Plant-Based Fast Food to 26th Street With Grand Opening Giveaway

August 13, 2025

August 13, 2025

Plant-Based Favorite Opens Brentwood Adjacent Spot With Opening Day Perks Mr. Charlie’s, the fast-growing plant-based fast-food chain known for its...

Drag Bingo Returns to The Godfrey Hotel Hollywood With “The Bingo Babe” Roxy Wood

August 13, 2025

August 13, 2025

About Last Knife Hosts a Night of Games, Prizes, Followed by Late-Night Happy Hour About Last Knife, the signature restaurant...

Bánh Mì Pop-Up Returns: Chef Tra An Serves Pork & Mushroom Versions After Months-Long Hiatus

August 13, 2025

August 13, 2025

Following Four Sold-Out Events, Pre-Orders are Live for The Next Delicious Pop-Up Private chef Tra An, celebrated for making what...