July 5, 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 “There is no thought of lifting the lifetime ban or the fine being rescinded.”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

Michael Madsen, Star of Reservoir Dogs and Kill Bill, Dies at 67 in Malibu

July 4, 2025

July 4, 2025

Actor Remembered for His Intense Performances and as a Poet  Actor Michael Madsen, known for his distinctive gravelly voice and...

Los Angeles City Council Cracks Down on ‘Disaster Tours’ in Pacific Palisades

July 4, 2025

July 4, 2025

City Council Bans Commercial Bus Tours in Burn Zone Amid Community Backlash Tour buses that have been operating in fire-ravaged...

Tow Truck Scammers Target Crash Victims Across L.A.: Authorities Warn of Fraud at Accident Scenes

July 4, 2025

July 4, 2025

Officials Urge Drivers to Stay Alert After Collisions as Rogue Operators Demand Inflated Fees  Motorists involved in vehicle accidents are...

Woman Dies After Melrose Store Altercation: LAPD Launches Homicide Investigation

July 4, 2025

July 4, 2025

Critically Injured Young Woman Died July 2, After She was Badly Beaten at Work  The death of a woman critically...

CHP Officer Dies in Culver City Crash: Medical Emergency Suspected Behind Tragic Incident

July 4, 2025

July 4, 2025

Officer lost consciousness while transporting a suspect before crashing into a tree California Highway Patrol Officer Miguel Cano died early...

L.A. Beaches Brace for Holiday Rush: Over 1 Million Visitors Expected This Fourth of July

July 4, 2025

July 4, 2025

County Officials Urge Beachgoers to Pack Out Their Trash and  Monitor Water Quality More than one million visitors are expected...

(Video) A visit to New York Bagel & Deli in Santa Monica

July 3, 2025

July 3, 2025

Authentic NY Style Bagels with Extra Creamy Cream Cheese and Multi-Cultural Desserts. Located at 2216 Wilshire Blvd. A visit to...

Hot Dogs & Rosé: Something About Her and The Culver Hotel Roll Out Summer Specials

July 2, 2025

July 2, 2025

Westside Venues to Serve Playful Bites and Seasonal Sips For the Holiday Weekend A bold new offering is making its...

NeueHouse Hosts Bold One-Night Dinner With Culinary Phenomenon Diego Argoti

July 2, 2025

July 2, 2025

Acclaimed Chef Brings Culinary Mischief With a Five-Course Tasting Experience. NeueHouse Hollywood will host an exclusive, one-night-only dining event on...

(Video) Legacy, Reimagined: Architecture, Design & Construction by Home Front Build Los Angeles

July 2, 2025

July 2, 2025

Go To Homefrontbuild.com For More Information @home_front_build Legacy, Reimagined: Architecture, Design & Construction by Home Front Build Los Angeles Go...

405 Crash Near the Getty Sends Three to Hospital: Two Seriously Hurt Near Site Where LAPD Sgt. Died

July 2, 2025

July 2, 2025

Early Morning Multi-Vehicle Collision Shut Down Lanes Near Brentwood Three men were injured and traffic was snarled for hours following...

(Video) Jikoni, the AfriCali PopUp from celebrated cookbook author Kiano Moju Has Been Extended Until July 3 at Citizen Public Market

July 1, 2025

July 1, 2025

Bold Flavors and Spice Merge with Crisp, Chewy Chapati. Delicious With a Caring Chef and Staff. Jikoni, the AfriCali PopUp...

Pentagon Orders Troop Drawdown in LA: 150 National Guard Members Reassigned to Wildfire Duty

July 1, 2025

July 1, 2025

Federal Forces Begin Partial Withdrawal From Protest Response as California Leaders Push Back U.S. Northern Command announced Tuesday that 150...

California Highway Patrol Deploys for Independence Day Enforcement Surge

July 1, 2025

July 1, 2025

All Available Officers to Hit California Highways for Holiday Weekend As Californians gear up for Fourth of July festivities, the...

Court Postpones Arraignment for Driver in Malibu Crash That Killed Four Students

July 1, 2025

July 1, 2025

Fraser Michael Bohm Faces Murder Charges in Fatal PCH Wreck  The arraignment for Fraser Michael Bohm, the 23-year-old man accused...