facebook
twitter
search
search

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...

[SportsNetwork.com]

Related UPI Stories
Latest Headlines
Trending Stories
Electronics certification company makes hoverboard burst into flames
Eli Manning explains pout after Denver Broncos' Super Bowl score
Duke's Grayson Allen trips Louisville player
Nicola Griffin to appear in Sports Illustrated swimsuit issue at 56
Larry Sanders considering NBA comeback