Sterling giving up control of Clippers ahead of sale

By: CBS
By: CBS

Los Angeles, CA (CBS) - Donald Sterling, the embattled owner of the Los Angeles Clippers, has agreed to sign over his interest in the team to his wife, Shelly Sterling, who will oversee the voluntary sale of the team, a source familiar with the negotiations told CBS News Friday.

Team owners are moving forward with a vote on whether to terminate his ownership. Sterling has until Tuesday to respond.

Shelly Sterling has no plans to sue the NBA, according to the source. Last week, it was reported that Donald Sterling was prepared to sue to block the forced sale of the team and the fine.

Earlier this month, the NBA hired Richard Parsons to run the Clippers with Sterling's lifetime ban barring the owner from anything to do with the team or league.

In response to Friday's development, NBA spokesman Mike Bass said in a statement, "We continue to follow the process set forth in the NBA constitution regarding termination of the current ownership interests in the Los Angeles Clippers and are proceeding toward a hearing on this matter on June 3."

Donald Sterling can appear at the hearing in New York in front of the other owners. It will take three-quarters of them to terminate Sterling's ownership, and the league says also that of Shelly Sterling.

Minnesota Timberwolves owner Glen Taylor, the board chairman, will preside over the hearing. If three-fourths of the other 29 owners vote to sustain the charge, Donald Sterling will be forced to sell the team he has owned since 1981. Silver has said he is confident he has the 23 votes that are necessary.

If Sterling did not respond to the charge within five business days, or does not appear at the hearing, it would be deemed an admission of the "total validity of the charges as presented," according to the NBA constitution.

Donald Sterling's attorney had asked for a three-month delay, which the league rejected.

On Tuesday, Silver said he would prefer if Donald Sterling chose to sell the team on his own, but the process to force a sale is already well underway.

Silver said that the NBA is "pursuing the right course here and doing the right thing."

Silver said Sterling's remarks, which were recorded and surfaced on TMZ's website late last month early in playoffs, caused anger and sadness in a league in which most players are black.

Silver acted quickly with his punishment of Sterling, and owners have followed, the 10-member advisory/finance committee meeting weekly since.

"At least within the boundaries of my authority, I feel an obligation to protect the people who are within this league, and so that's my reaction," Silver said.
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© 2014 CBS Interactive Inc. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.


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