Donald Sterling Agrees To Clippers Sale, To Drop NBA Suit -Lawyer

by
Reuters
Donald Sterling, the embattled owner of the Los Angeles Clippers, has agreed to the sale of the team and will drop his $1 billion lawsuit against the National Basketball Association, his lawyer, Maxwell Blecher, said on Wednesday.

File of Clippers owner Sterling sitting as he watches team play Knicks in NBA game in Los Angeles

Sterling, 80, has been banned for life and fined $2.5 million by the NBA for racist remarks he made in a taped recording. His estranged wife, Shelly Sterling, last week agreed to sell the franchise to former Microsoft Corp chief executive Steve Ballmer for $2 billion.