Sterling drops lawsuit, agrees to sale

By The Sports Network June 4, 2014 at 7:07 PM
| License Photo

Donald Sterling has given up his fight against the NBA.

Sterling has dropped his $1 billion lawsuit against the NBA and agreed to sign off on the sale of the Los Angeles Clippers to former Microsoft CEO Steve Ballmer, according to a statement released Wednesday to NBC News by one of Sterling's attorneys.

The statement from attorney Bobby Samini says the Sterlings have agreed to sell to Ballmer for $2 billion "and various additional benefits."

"All disputes and outstanding issues have been resolved," Samini says.

Sterling's estranged wife and co-owner, Shelly, has agreed to the sale last week and the NBA approved it on Friday.

The league banned Donald Sterling for life and fined him $2.5 million last month over secretly taped racist comments and said it would encourage the league's other owners to force him to sell the team he bought in 1981.

More to follow...


Like Us on Facebook for more stories from UPI.com  
Latest Headlines
Top Stories
Cowherd has very awkward interview with Michigan's Harbaugh
Report: QB Miller to stay at Ohio State
UPI Horse Racing Weekend Preview
Venable, San Diego Padres pass St. Louis Cardinals
A-Rod, New York Yankees negotiating compromise over HR bonus