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dankrutka 05-05-2014, 10:55 AM Two things: 1. If you didn't know who Sterling was and that he was a terrible scumbag and racist, then you weren't paying attention. This was well known before this incident. 2. Sterling is going to make a massive amount of money when he sells the team. NBA teams are incredibly valuable and selling for high prices. There will be numerous suitors, which will keep the price high enough.
It's laughable to put Sterling, a long known racist who has ruined people's lives because of his discriminatory practices, and Charles Barkley, an entertainer who sometimes says outlandish things. The former has real power to hurt people (and has) and the latter, for right or wrong, incites discussions concerning lots of issues including race. I personally enjoy Barkley even if he says ridiculous and short-sighted things on occasion.
Urbanized 05-05-2014, 11:06 AM He'll probably make well over half a billion dollars in PROFIT on the flip. He paid $12 million for the team. He now has players who make more than that, annually.
adaniel 05-05-2014, 11:18 AM The lesson here is that you can say whatever you want as long as you're charming.
Donald Sterling is looking at losing perhaps hundreds of millions of dollars on a forced sale of his team. I haven't read the NBA bylaws or any of the ownership agreements or anything like that, so I don't know any legal authority they may possess to force such a sale. But such an event would clearly be the time to low-ball Sterling on the price. The Clippers are really good, the old man is denied control of operations, a new CEO is being appointed by the league, etc. I don't see how he's going to get what the team is really worth out of any sale. And I am not comfortable at all with the idea that someone can take your property because you've voiced a politcally unpopular opinion.
Couple of points of clarification.
Sterling will not lose anything if forced to sell and will likely see his net worth surge. He bought the team in 1981 for $12.5 million. At last valuation Forbes put the value of the team at somewhere around $600 million [EDIT: urbanized beat me to it], but a lot of people think he could possibly get north of $1 billion. Not a bad return. I am pretty stunned that a man in the twilight of his life who may possibly be fighting cancer would plan to drag out a legal battle he will almost certainly lose and refuse $1 billion to make a point. But whatever.
Also, the NBA is a private business and can do whatever it wants. The Clippers at the end of the day are a franchise, operating under laws and guidelines that are not that different than any other franchise. If I owned a franchise of a fast food restaraunt and did bombastic, outlandish things that offended 75% of my employees and more importantly, a good chunk of my customers, you better believe my franchise license would be yanked in a New York minute. Losing one's property because they voice unpopular opinions is a legitamite concern if you are talking about a person and the government. Between 2 private entities, thats between them.
He'll probably make well over half a billion dollars in PROFIT on the flip. He paid $12 million for the team. He now has players who make more than that, annually.
Couple of points of clarification.
Sterling will not lose anything if forced to sell and will likely see his net worth surge. He bought the team in 1981 for $12.5 million. At last valuation Forbes put the value of the team at somewhere around $600 million [EDIT: urbanized beat me to it], but a lot of people think he could possibly get north of $1 billion. Not a bad return. I am pretty stunned that a man in the twilight of his life who may possibly be fighting cancer would plan to drag out a legal battle he will almost certainly lose and refuse $1 billion to make a point. But whatever.
Also, the NBA is a private business and can do whatever it wants. The Clippers at the end of the day are a franchise, operating under laws and guidelines that are not that different than any other franchise. If I owned a franchise of a fast food restaraunt and did bombastic, outlandish things that offended 75% of my employees and more importantly, a good chunk of my customers, you better believe my franchise license would be yanked in a New York minute. Losing one's property because they voice unpopular opinions is a legitamite concern if you are talking about a person and the government. Between 2 private entities, thats between them.
I don't think they are set up like a franchise. I'm almost certain they are not. I wonder what the ownership structure was back in 1980 when he bought the team.
Yes, he'll gain money over what he spent originally, to be sure. He still may not get what the team is actually worth. Sterling has owned that team for a very long time. Selling your copy of Spider-Man #1 for $5 may have earned you a profit (since it was a dime back in 1962), but it doesn't mean you didn't get screwed.
Urbanized 05-05-2014, 01:17 PM He'll get fair market value. That's not a screwing.
adaniel 05-05-2014, 01:41 PM They'll pay the premium if it means getting rid of him.
Jim Kyle 05-05-2014, 04:02 PM Also, the NBA is a private business and can do whatever it wants.Not quite. Back around 1960 the courts ruled that any private business that did business across a state line was engaged in "interstate commerce" (even if that business consisted only of purchasing supplies from out-of-state vendors). That formed the foundation on which the entire Civil Rights Act of 1960 was built!
Since the NBA broadcasts games across the entire nation, it's obviously subject to federal regulation and or course to all the requirements thereof -- no entity, business or individual, can do "whatever it wants" since that decision. Only history will tell us whether that's a good thing or bad, but it certainly restricts freedom of action in either event.
I really think these recent events are going to completely ruin the Clippers.
There was an article in the LA Times today that most of the 20 sponsors that withdrew over the Sterling mess have yet to return after his ban.
Sterling will fight to the death to keep the team and now his wife is saying she won't sell under any circumstances. Doc Rivers has indicated that he doesn't necessarily want to stay if Mrs. Sterling is still an owner and I'm sure the players feel the same way.
I bet this lingers for years and in the meantime, the team will lose sponsors, coaches and players.
Remember that for decades the Clippers were the worst team in the NBA. So much so, even with their current success they have the worst NBA winning percentage all-time (apart from the Bobcats who have only been around 10 years).
And they were atrocious up until recently because Sterling didn't care if they were in last place, which is one of the many reasons the man is so despised.
I bet both the Sterlings fight this out in court for a very long time and the club descends back to the bottom of the NBA.
Dennis Heaton 05-10-2014, 12:03 PM I bet both the Sterlings fight this out in court for a very long time and the club descends back to the bottom of the NBA.
2 Billion Dollars can pay a lot of attorney fees for a long, long, long time. I suspect I'll be just a memory before this "CF" is ever resolved.
For Sterling, he has all the money in the world and loves to sue (he's an attorney himself), plus he has a somewhat reasonable case.
He doesn't care about the money, he cares about fighting and "winning" and he'll never just sell the team until every legal avenue and appeal is exhausted.
And beyond that, the NBA probably can't do anything about Mrs. Sterling's share, which is half.
In the end, there really wasn't anything the NBA could do... If they didn't try to force Sterling to sell the result would be the same (sponsors and players leaving). At least this way, they can say they took a stand.
But I really can't see another outcome other than the team completely falling apart until this is all cleared up, which could take many, many years.
Urbanized 05-10-2014, 12:09 PM Pete, your posts are music to my ears. Talent-wise it is the team I fear most going forward. The sooner they are irrelevant again, the better.
I bet by next year they will be a very different team and it will be downhill from there.
It's hard to imagine anyone with a choice staying with them.
Snowman 05-10-2014, 12:23 PM I bet by next year they will be a very different team and it will be downhill from there.
It's hard to imagine anyone with a choice staying with them.
Unless they can break their contracts, most of the core players have multi year deals, getting quality role players should now be much more difficult.
Though from all the rumors they seem more likely to fight than sell, losing serious money in operations for a few years may change that but even the the roster will probably be decimated (which will no doubt not help PR), which could cut hundreds of millions off what they could get now.
Teo9969 05-10-2014, 12:28 PM That's all nice to say in theory…
But Rivers is under contract for 2 more seasons and Chris Paul and Blake Griffin are locked one year longer until mid-2017. They will have no legal recourse to get out of those contracts. So it's either boycott and lose millions or "play for a racist owner". And it's not like the Clippers organization wants to fold. There are a bunch of real people there with real jobs. Free-agency is going to be tricky…but at some point, these players are going to have to make grown-up, multi-million dollar decisions that will likely result in a bunch of people gritting their teeth and bearing. The question is what will players like Deandre Jordan do after next season? Go somewhere else and leave Paul and Griffin, and a chance to win championships behind?
But they can't force the players to play. Magic Johnson was just quoted yesterday saying none of the players would play even if it was just Shelly Sterling in the ownership role.
They could go play in Europe, or file their own lawsuits trying to gain free agency. Might not get very far but this is an unprecedented situation.
At this point, both the Sterlings are likely to fight to the bitter end regardless of what it does to their asset. They are both 80 and have more money than they could ever spend. They will fight because they want to be proven right and show up the NBA, and because that's the type of people they are.
Snowman 05-10-2014, 12:36 PM At this point, both the Sterlings are likely to fight to the bitter end regardless of what it does to their asset. They are both 80 and have more money than they could ever spend. They will fight because they want to be proven right and show up the NBA, and because that's the type of people they are.
While they might be able to get some personal satisfaction against the NBA in court, I do not see them ever winning public opinion, I would not be shocked if it only goes lower from here.
Teo9969 05-10-2014, 12:40 PM But they can't force the players to play. Magic Johnson was just quoted yesterday saying none of the players would play even if it was just Shelly Sterling in the ownership role.
They could go play in Europe, or file their own lawsuits trying to gain free agency. Might not get very far but this is an unprecedented situation.
At this point, both the Sterlings are likely to fight to the bitter end regardless of what it does to their asset. They are both 80 and have more money than they could ever spend. They will fight because they want to be proven right and show up the NBA, and because that's the type of people they are.
We'll see if that happens. For some reason it's really hard for me to imagine CP3, Griffin, and Rivers all saying "we'll forego such a great opportunity to compete for championships to oust a racist owner". If they do, more power to them…it's their choice.
And if it does, then at that point it's very possible that the NBA will have all they need for a successful case against the Sterlings.
Keep in mind the Clippers players almost boycotted the playoffs this year.
They won't be competing for championships after this season.
Easy180 05-10-2014, 02:34 PM But they can't force the players to play. Magic Johnson was just quoted yesterday saying none of the players would play even if it was just Shelly Sterling in the ownership role.
They could go play in Europe, or file their own lawsuits trying to gain free agency. Might not get very far but this is an unprecedented situation.
At this point, both the Sterlings are likely to fight to the bitter end regardless of what it does to their asset. They are both 80 and have more money than they could ever spend. They will fight because they want to be proven right and show up the NBA, and because that's the type of people they are.
I hear N Korea will pay top dollar for elite NBA players
Laramie 05-10-2014, 03:26 PM This debacle developed from Shelly Sterling's dislike toward Vanessa Stiviano. Shelly Sterling alleges that Donald Sterling met V. Stiviano at the 2010 Super Bowl in Miami, and has since given her a Ferrari, two Bentleys, a Range Rover, and a $1.8 million duplex, not to mention more than $250,000 cash (all because of Stiviano's fraudulent ways, of course). These were gifts--is there any 'legal recourse for intercourse' to force her to return those gifts or give Donald Sterling restitution? That's a lot to pay out--probably chicken feed to Sterling; however it's a lot to give up for a 'piece' of young flesh.
This is a tug-of-war between two women in which Mr. Sterling is getting his feathers plucked. D. Sterling is fighting for his potential lost of power to control, degrade and manipulate his subjects. It's true that they are probably other owners out there who have crossed the racists and bigotry lines; however they haven't gotten caught.
Systemic or institutionalized racism has gone on for decades and centuries throughout the United States. Whether it's the slave owner's mentality or the rich manipulator with that urge to control those around him or her doesn't make it right. Sooner or later these 'control freak monguls' are exposed and brought down by their own weight.
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dankrutka 05-10-2014, 03:35 PM Keep in mind the Clippers players almost boycotted the playoffs this year.
They won't be competing for championships after this season.
First, I don't think they ever seriously considered a playoff boycott this season. The dropping of their warm ups in center court was a rather timid protest and the players, and their union in general, did little to take a serious stand, which was disappointing.
Second, why have the owners not yet voted to oust Sterling? What's the hold up? I have a feeling, based on the pretty weak player response already, that the players will just honor their contracts. They don't seem to have the conviction to do much else. And, as long as Griffin, Paul, and Doc are there, they'll be title contenders.
I hope I'm wrong and change happens there, but based on actions, not talk, I don't see much changing.
The players didn't need to make a stand because the NBA levied the harshest possible penalty. There was simply nothing more to be done.
Doc has pretty much said that he won't come back next year if Shelly is still involved, let alone Donald. And he's implied the players wouldn't want to play for her either. Rivers isn't even taking phone calls from her right now.
The NBA can vote out Sterling pretty easily and you can bet it will probably be unanimous, but they probably can't and won't do anything about his wife and I think that's where this whole thing will start to implode.
BrettM2 05-10-2014, 04:01 PM Here's some info from SI (Michael McCann is their sports law editor).
California law works against Shelly Sterling keeping the Clippers
California is a community property state, which means that spouses in California jointly own assets acquired during their marriage. Shelly Sterling's ownership of the Clippers is thus inextricably intertwined with Donald Sterling's ownership under California law. In fact, it's believed the NBA could not take Donald Sterling's equity in the Clippers without also taking Shelly Sterling's equity, as the Sterling's joint ownership is legally one entity. There has been much speculation that California law would help Shelly Sterling keep the team, but attorneys familiar with the NBA believe the opposite is true: the unity in spousal assets achieved by California law means that Shelly Sterling must leave the NBA if the same fate befalls her husband.
Read More: NBA beginning to determine legal strategy in Donald Sterling case - NBA - Michael McCann - SI.com (http://sportsillustrated.cnn.com/nba/news/20140509/donald-sterling-legal-analysis-nba-clippers/#ixzz31Lfqhwxi)
Donald Sterling Legal Analysis - SI.com (http://sportsillustrated.cnn.com/nba/news/20140509/donald-sterling-legal-analysis-nba-clippers/)
ESPN posted this article:
She has publicly and privately cooperated with the league in its actions to ban her husband for life and move to oust him from ownership. However, the league's contention will be that Shelly Sterling -- while entitled to a 50 percent interest in the franchise -- has never been approved by the board of governors as the controlling owner. She and team president Andy Roeser, who went on an indefinite leave of absence this week, were only alternate governors.
In order to become the team's new controlling owner, Shelly Sterling would have to be approved by the board of governors, which is unlikely given her association with her husband of 58 years.
NBA looking to oust Shelly Sterling (http://espn.go.com/los-angeles/nba/story/_/id/10911472/nba-believes-legal-grounds-oust-shelly-sterling-ownership-according-sources)
^
That's actually good news.
But effectively, since the Sterlings are divided it means they will be waging separate wars against the NBA and both have almost unlimited resources.
This sums it up pretty well:
Lawyer Carl E. Douglas has taken on Donald Sterling in court. When asked about Sterling, his response was, "Donald Sterling is a surly, defiant, tyrannical rich guy who is a bully and used to having his way."
Laramie 05-10-2014, 04:23 PM :ot:
I hear N Korea will pay top dollar for elite NBA players
You're talking about North Korean leader Kim Jong-un? Rumors are that Dennis Rodman has hooked his prized fishing rod in Jong-un's pond. Does this give you a picture as to why Kim Jong-un welcomes the diplomatic relationship with Dennis Rodman?
https://sp3.yimg.com/ib/th?id=HN.608028865155238723&pid=15.1
"Somehow we have to get along, and no matter what disagreements or what discrepancy we have in life," Rodman told the AP. "It's like saying: Why do we have the Olympics? When everyone comes together in the Olympics, there's no problems. That's what I'm doing. That's all I'm doing."
Dennis Rodman Talks Gay Rumors On HuffPost Live (http://www.huffingtonpost.com/2013/08/29/dennis-rodman-gay-rumors-_n_3838725.html)
Dennis Rodman in Full Bloom: Check out youtube "Dennis Rodman strips naked into the nude."
Does it take a psychologist to figure this out? Be your own judge? Is this peace (piece) or diplomacy?
Is Dennis Rodman is a pipe layer?
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BrettM2 05-10-2014, 04:24 PM ^
That's actually good news.
But effectively, since the Sterlings are divided it means they will be waging separate wars against the NBA and both have almost unlimited resources.
This sums it up pretty well:
I did read somewhere that should he file for divorce, it would automatically delay everything due to sorting out property and assets. I'm sure he'll drag this out as much as he possibly can; I just hope the NBA can get rid of him sooner than he thinks they can.
He'll do whatever he can to not only delay, but to make trouble for the NBA, even if that means his investment suffers.
For guys like this, it's all about power and ego, not money.
There is a special breed of rich scumbag who use our complex legal system to harass others and stall, stall, stall until the other party runs out of money or will.
The guy that owns FNC in OKC (Aaron Yashouafar, also an attorney) is part of this club. After finally getting convicted for embezzling in Las Vegas, he is once again suing and trying to dispute that he should pay the money back plus fines. This, after begging the judge to give a fine rather than jail time. If you read about him, he obtains properties then ties then up in all types of foreclosure maneuvers and shifting of convoluted ownership interests. FNC is just one of dozens of properties he holds hostage, even while driving the value down.
Sterling is the same type of guy. Hateful and vindictive with enough resources to not necessarily win, but make sure the other guy suffers greatly. Which is often the primary goal, not profit.
I've run across this sort before. In fact, a couple of years ago I was a juror on a three-week trial where a similar type person was suing their former employer. We decided against her and I suspected she and her husband were real dirtbags but the law precludes you from conducting independent research while being a juror. As soon as it was over, I Googled them and it would take pages to describe what I discovered. I'm still shocked by it and shaken to know such evil people exist in this world.
Jim Kyle 05-10-2014, 05:27 PM Just for curiosity's sake, consider this scenario: Next season begins with the ownership situation still unresolved and the Sterlings fighting their hardest to keep it that way. Tipoff time comes for the first game, and the Clipper starters come onto the court. The official tosses the ball, and all five Clippers just stand there, doing absolutely nothing. They remain in that position for the full 12 minutes of the first quarter, making no effort to either score or defend. If fouled by their opponents in an effort to force some competition, they simply toss the ball well over the glass, making it perfectly clear that the intent is to score zero points for the entire game. If the officials call technicals for "not respecting the game" eventually the entire team might be ejected due to the double-T rule. What then?
Do their contracts actually demand that they put forth any effort, or is that simply assumed by the nature of their employment?
I'm sure that such a situation will never happen, but it's a bit amusing to consider what the fan reaction to it might be, not to mention the response of the NBA. I suspect an immediate result might be cancellation of the team's schedule for the season...
dankrutka 05-10-2014, 06:06 PM Is Dennis Rodman is a pipe layer?
Huh?
I think Dennis Rodman's citizenship should be revoked. Then promptly deported. Or, arrested for espionage.
Not sure how this thread came to include Rodman. If I never hear is name again, it will not be soon enough.
soonerguru 05-10-2014, 09:46 PM Dennis Rodman was a very good basketball player, spent significant time playing in Oklahoma, and got it on with Madonna. Who cares if he's a lousy diplomat?
Anyone catch Sterling's interview with Anderson Cooper? Would give you a good window into why he was so despised long before this latest incident.
You kept expecting one of Donald Sterling's handlers to walk on the set of the stomach-turning, head-scratching, jaw-dropping interview he was giving to Anderson Cooper, call a halt to everything and gently lead the 80-year-old Clippers owner away to some quiet place. That would have been the wise, not to mention humane, thing to do. Either that, or surely "Sterling" would eventually pull off his rubber mask, reveal himself to be Will Ferrell and scream, "Live from New York, it's Saturday night!"
But no, it was all real, and it went on seemingly forever on CNN, and it provided even more evidence that Sterling is not only a classless man but also a clueless one. Already banned for life from the NBA for the racist comments he made in a recorded conversation with a female friend, he accomplished nothing in the taped interview that aired Monday night other than to erase whatever last vestiges of sympathy anyone might have had for him. And the saddest thing is, he thought he was apologizing.
Sterling prattled on with a string of comments that were offensive, hypocritical, inaccurate, nonsensical or some combination thereof. He criticized Magic Johnson for promiscuity and for contracting HIV, as if Sterling, a married man who has bragged in graphic detail in depositions about his sexual conquests, is in any position to pass moral judgment on others. He called V. Stiviano, the woman who taped the original conversation with him, "a street person," and said "a hundred men could look at her and not even think she's pretty," as if her looks were in any way relevant to the situation. He told Cooper, "I think you have more of a plantation mentality than I do. I think you're more of a racist than I am," as if that statement made the slightest bit of sense in any imaginable way, which it does not.
Read More: Donald Sterling digs deeper hole with repulsive CNN interview - NBA - Phil Taylor - SI.com (http://sportsillustrated.cnn.com/nba/news/20140513/donald-sterling-clippers-anderson-cooper-cnn/#ixzz31d1siv84)
Urbanized 05-13-2014, 06:55 PM If Bobby Moynihan doesn't impersonate Sterling in this week's SNL cold open, I will eat my hat.
Laramie 05-15-2014, 01:28 PM http://cbsla.files.wordpress.com/2014/05/490270861.jpg?w=620&h=349&crop=1
The force inside Chesapeake Energy Arena mesmerized the Thunder; energized them to victory.
What they're saying in Los Angeles:
How it all went wrong for the Clippers...
T he most infuriating part of the WORST COLLAPSE IN NBA PLAYOFFS HISTORY is that a handful of things actually went the Clippers' way Tuesday when they lost a 13-
point lead over the final 4 minutes 13 seconds..
How it all went wrong for the Clippers*-*Los Angeles Times (http://www.latimes.com/sports/clippers/la-sp-clippers-bolch-20140515-story.html)
http://www.thunderfans.com/vforum/images/smilies/okc.gif "Oklahoma City looks oh-so pretty... ...as I get my kicks on Route 66." --Nat King Cole.http://www.thunderfans.com/vforum/images/smilies/okc.gif
OSUMom 05-15-2014, 05:21 PM I don't know.... I felt the Thunder collapse in game 4 was pretty epic. But I'm sure to them it wasn't a Thunder collapse as much as it was a Clipper rally.
Laramie 05-23-2014, 12:51 PM 'Birds' of a feather, flock together?'
Mark Cuban speaks out.
Mark Cuban tries to start more thoughtful discussion of race, finds it?s not easy | ProBasketballTalk (http://probasketballtalk.nbcsports.com/2014/05/22/mark-cuban-tries-to-start-more-thoughtful-discussion-of-race-finds-its-not-easy/)
Anyone notice that Clay Bennett didn't attempt to weigh in on the Sterling situation? Clay made a general owner's statement then left this hot potato alone.
NBA's increased pressure for Stering to sell?.
http://sports.yahoo.com/news/reports-sterling-allowing-wife-sell-161253056--nba.html;_ylt=Aqc__XoL0S8.4MgNYmDebo3QtDMD;_ylu=X3 oDMTBsanZicWdrBGNvbG8DZ3ExBHBvcwMxBHNlYwNzcg--
http://www.thunderfans.com/vforum/images/smilies/okc.gif "Oklahoma City looks oh-so pretty... ...as I get my kicks on Route 66." --Nat King Cole.http://www.thunderfans.com/vforum/images/smilies/okc.gif
dankrutka 05-23-2014, 03:20 PM I appreciate Mark Cuban igniting a dialogue about racism and bigotry. As he said, we all hold prejudices. Honestly, admitting our prejudices is a necessary starting point for making sure we don't act on them, and then, hopefully, we can work together to address systemic injustices. He could have used a different example besides the hoodie one and he apologized for that, but that's what an honest dialogue is about. Mistakes are okay and we learn and grow together.
I'm a little confused about what you're saying about Bennett, Laramie. As you pointed out, Bennett was pretty quick to make a statement regarding the Sterling incident. What else did you want him to do? He addressed it and moved on. He didn't avoid it. Anyway, it now looks like the Sterling's will sell: Donald Sterling allows Shelly Sterling to negotiate sale of Los Angeles Clippers - ESPN Los Angeles (http://espn.go.com/los-angeles/nba/story/_/id/10973679/donald-sterling-allows-shelly-sterling-negotiate-sale-los-angeles-clippers)
I knew that Sterling would turn this into an ugly fight and would never just comply.
If you didn't already know, the rest of the world is about to find out that he's a special breed of hateful, demonic, black-hearted a-hole:
Donald Sterling: Proceedings a sham
Los Angeles Clippers owner Donald Sterling responded forcefully Tuesday to the NBA's charges to terminate his ownership, while his estranged wife, Shelly Sterling, continued to move quickly to sell the team by the end of the week.
Donald Sterling's lawyer, Max Blecher, told ESPN on Tuesday that his client "is going to fight to the bloody end" and has effectively "disavowed" the agreement he reached with his wife last week that would allow her to negotiate a sale of the team.
"I don't know what agreement she has with him, but I'm saying to you today, he disavows anything she's doing to sell the team," Blecher said. "He says, 'It's my team, and I'll sell it when and if I get around to it.'"
In documents sent to the league, Donald Sterling denied every allegation and charge made by the NBA and asked that the proceedings to terminate him at a hearing of the board of governors June 3 be dismissed.
Asked why Sterling seems to have had a change of heart, Blecher said, "He was in a state of shock at first. Now he's recovering and he's much more feisty."
Shelly Sterling and her advisers were undeterred by Donald Sterling's position and continued to move swiftly to sell the team, setting a deadline of Wednesday morning for the first round of bidding on the team, sources told ESPN.
Pierce O'Donnell, the attorney for Shelly Sterling, issued a statement Tuesday stating that his client had a written agreement with her husband to sell the team and she "and the NBA are working cooperatively on the transaction."
ESPN, meanwhile, has obtained a letter, dated May 22, that was sent from Donald Sterling's lawyer to the NBA, in which he tells the league he has authorized Shelly "to negotiate with the National Basketball Association regarding all issues in connection with the sale of the Los Angeles Clippers team, owned by LAC Basketball Club, Inc."
Shelly Sterling has retained Bank of America to help sell the franchise. ESPN reported Sunday that at least six serious groups have approached Shelly Sterling and her advisers about purchasing the team. Four of those groups are known: former Microsoft CEO Steve Ballmer; a group including music mogul David Geffen, Oracle CEO Larry Ellison and Oprah Winfrey; billionaire surgeon and entrepreneur Patrick Soon-Shiong; and a group including former NBA star Grant Hill and Southern California businessmen Tony Ressler and Bruce Karsh.
One source with knowledge of the process estimated that most of the first bids will start at $1 billion.
Bank of America made bid books with financial information on the team available to potential buyers Tuesday. The Clippers' television rights are up in two years, a key reason the franchise could sell for more than $1 billion. However, the Clippers still have nine years remaining on their current lease with Staples Center, according to sources.
The dispute between the Sterlings comes as the NBA continues to press for a June 3 hearing of the board of governors, which will end with a vote on whether to terminate Donald Sterling's ownership.
It has been made clear to the Sterlings that the NBA would not accept any situation in which either of them retains an interest in the team after it is sold, according to a source with knowledge of the discussions.
Donald Sterling responded Tuesday evening to the NBA's charges and attempt to terminate his ownership by calling the league's penalties "draconian" and the proceedings a "sham."
"I believe what they've done is illegal and it will not hold up in court," Blecher told ESPN. "I believe what they're doing is a blatant invasion of his constitutional rights because they're using a tape recording that he did not consent to, and under California law, that recording cannot be used for any purpose, for any proceeding.
"So if the basis of their case is illegal evidence, they don't have much of a case. ...The whole thing is a pile of garbage."
In the documents sent to the NBA offices Tuesday, Sterling denies every allegation and charge made by the NBA and asks that the proceedings to terminate him at a hearing of the board of governors June 3 be dismissed.
Both Sterlings had until midnight ET to respond to the NBA's charges that Donald Sterling damaged it and its business partners, including the players, with his racist comments. Shelly Sterling also filed a response to the league's termination charges, reasserting her 50 percent ownership interest in the team and contending that she is being unfairly punished for her husband's actions.
In a statement from vice president of communications Mike Bass, the NBA said the responses from the lawyers representing Donald and Shelly Sterling will be distributed -- together with the charge -- to the board of governors before the hearing next Tuesday.
"Should the Board vote to sustain the charge, the Sterlings' interests in the Clippers will be terminated and the team will be sold," the league said.
In his written response, Donald Sterling also threatens future legal action against the NBA under state or federal law, questions his ability to get a fair hearing from the board of governors (many of whom issued statements condemning his words and praising the actions of NBA commissioner Adam Silver) and states that he never intended to harm the NBA with his comments.
"This was an argument by a jealous man and the woman he loved that never should have left the privacy of the living room," the response reads. "And while Mr. Sterling said some terrible words in the passion of the argument -- as he had already publicly admitted and for which he has apologized -- he has not taken a 'position' or an 'action.'"
Sterling also argues that he is being unfairly punished commensurate with other offenses, such as the $100,000 fine Los Angeles Lakers star Kobe Bryant received in 2011 for directing a gay slur at a referee.
While his "opinions may be unpopular and false, they remain opinions," Sterling's response reads. He also questions whether the NBA is "willing to set a standard that an individual can be punished for voicing a negative opinion.
"If so, such a standard will make short shrift of many players and coaches. It will also needlessly suppress free speech."
Sterling specifically references Orlando Magic owner Richard DeVos, who, in his words, "has made highly controversial comments against individuals with HIV/AIDS and generously supports anti-homosexual causes with impugnity."
Sterling contends that while his statements were regrettable, they did not have a materially adverse effect on the NBA and that because he is locked out from his offices at Staples Center, he is not able to adequately respond to those charges.
"Among other things," Sterling's response reads, "he cannot verify how many season ticket holders have demanded refunds, how many individuals purchased season tickets after the illegal recording was released, and how merchandise and concession sales were impacted after the illegal recording."
Sterling's response also claims it would cost him $300 million to $500 million in capital gains taxes if he is forced to sell now rather than pass the team on to his heirs.
Bellaboo 05-28-2014, 11:03 AM Sterling is such a fool amoung other things.
Former Microsoft CEO Steve Ballmer to buy Clippers for $2 billion (http://www.latimes.com/sports/la-sp-sn-clippers-sale-ballmer-20140529-story.html)
JAMES RAINEY
Former Microsoft chief executive Steve Ballmer won a frenetic bidding war for ownership of the Los Angeles Clippers, with his $2-billion offer setting a record price for an NBA team, The Times has learned.
Ballmer, who was chief executive of Microsoft for 14 years, was chosen over competitors that included Los Angeles-based investors Tony Ressler and Steve Karsh and a group that included David Geffen and executives from the Guggenheim Group, the Chicago-based owner of the Los Angeles Dodgers.
A person with knowledge of the negotiations said the Geffen group bid $1.6 billion and Ressler at $1.2 billion.
The sale price is almost four times the highest previous NBA franchise sale price -- the $550 million paid earlier this month for the Milwaukee Bucks. It is second only to the Dodgers 2012 sale for $2.1 billion as the highest price for any sports team in North America.
The prospective sale by Clippers co-owner Shelly Sterling comes five days ahead of an NBA hearing to oust her family from ownership following a controversy in which Donald Sterling insulted African-Americans in a secret audio recording.
The tentative deal still must receive the blessing of her husband, Donald Sterling, who has waxed and waned on the question of whether he would allow his wife to sell the team he has controlled for more than three decades.
The deal also needs the eventual approval of 29 other NBA owners, but is expected to clear that hurdle as long as Ballmer reaffirms his pledge to keep the team in Los Angeles and not move it to Seattle, where he lives.
Ballmer, 58, left the software giant in February and has an estimated net worth of $20 billion. Unlike other bidders, he did not immediately seek out partners for the purchase of the Clippers.
Ballmer last year joined a group, led by hedge fund manager Chris Hansen, to bid on the Sacramento Kings, intending to move the team to Seattle. NBA owners voted to reject the proposed move.
The businessman said in a recent interview that he had no intention of moving the Clippers. He said that the high valuations for the team only made sense in Los Angeles -- the second biggest media market in the country.
Urbanized 05-29-2014, 06:17 PM Holy lord.
Let's see if Donald pockets this almost $2 billion payday or chooses to fight just because he's an evil jackass.
windowphobe 05-29-2014, 06:50 PM Well, he is indisputably an evil jackass, but the 29 other owners, who will see the values of their teams rise commensurately -- I'm betting the Thunder could now bring $800-900 million -- will lean on him something fierce.
jn1780 05-29-2014, 07:37 PM Well, he is indisputably an evil jackass, but the 29 other owners, who will see the values of their teams rise commensurately -- I'm betting the Thunder could now bring $800-900 million -- will lean on him something fierce.
I wouldn't want to be hated by a bunch or rich guys when money is involved. The chances of having a "Heart attack" while in the bath tub goes up.
Laramie 05-30-2014, 10:18 PM Will Emerald City Strike Back?
Clippers to Seattle?
Want to blow this happy ending?
Allow the Clippers to be sold to a pair of relative unknowns, then let them move the team to Seattle for two seasons at KeyArena before a Sodo venue is built.
Just think about how Sonics fans feel about Clay Bennett, then multiply it by a thousand.
No, the NBA will never let that happen.
The Clippers to Seattle is a long shot, at best | NBA | The Seattle Times (http://seattletimes.com/html/nba/2023532025_bakercolumn05xml.html)
Remember when Los Angeles went after the SeaHawks: NFL Seahawks Moving to L.A.--or Are They? - Los Angeles Times (http://articles.latimes.com/1996-02-02/news/mn-31565_1_los-angeles)
We are very fortunate to have an NBA franchise in Oklahoma.
http://www.thunderfans.com/vforum/images/smilies/okc.gif "Oklahoma City looks oh-so pretty... ...as I get my kicks on Route 66." --Nat King Cole.http://www.thunderfans.com/vforum/images/smilies/okc.gif
Let's see if Donald pockets this almost $2 billion payday or chooses to fight just because he's an evil jackass.
Evil jackass it is (which I never really doubted):
Donald Sterling says he won't sell
Updated: July 9, 2014, 8:33 PM ET
Associated Press
LOS ANGELES -- A raging Donald Sterling denounced his wife, her lawyers and the NBA from the witness stand and said he would never sell the Los Angeles Clippers.
Sterling, his voice rising to a shout in an otherwise quiet courtroom Wednesday, vowed to spend the rest of his life suing the league.
Sterling said his wife, Shelly, had deceived him, that she was not capable of understanding the family trust, and that he did not authorize her to strike a deal to sell the team.
He was followed to the witness stand by Shelly Sterling, who declared her love for him, but says she was convinced he needed to be examined for Alzheimer's disease
As she was leaving the witness stand for the day, she tried to approach her husband in the audience. But he shouted "get away, from me you pig!"
Laramie 07-10-2014, 11:24 AM Donald Sterling's has this obsession to dominate and be in control of everything and everyone; one who micromanages as the one and only megalomaniac. He is the ultimate decision-maker (puppet master) who has to place his stamp of approval (good housekeeping seal) on society. He'll sink the whole ship to prove his point--there isn't anyone who can 'tell me what to do' attitude would be a description of California's version of 'The Donald'.
Sure there are probably NBA owners with issues. Let's be real; if Donald Sterling is going to throw stones, he shouldn't stand to close to the rock pile.
http://www.okctalk.com/images/icons/icon13.png Sterling has been offered $2 billion for the Clippers; he should consider that offer and move on.
Don't be surprise if Ballmer attempts to relocate the Clippers to Seattle...
http://www.thunderfans.com/vforum/images/smilies/okc.gif "Oklahoma City looks oh-so pretty... ...as I get my kicks on Route 66." --Nat King Cole.http://www.thunderfans.com/vforum/images/smilies/okc.gif
OSUMom 07-11-2014, 11:06 PM I don't know. I think the guy is bonkers and taking him to court is almost like shooting an unarmed man. It's kind of embarrassing at this point.
ylouder 07-12-2014, 03:15 AM I don't know. I think the guy is bonkers and taking him to court is almost like shooting an unarmed man. It's kind of embarrassing at this point.
I think you summed it up good - Its kind of embarrassing at this point.
We all just need to let him fade away.
I don't know. I think the guy is bonkers and taking him to court is almost like shooting an unarmed man. It's kind of embarrassing at this point.
He's always been like this.
He is more evil than crazy.
Easy180 07-12-2014, 01:00 PM He's always been like this.
He is more evil than crazy.
Is he at least a little funny like Mr. Burns?
ljbab728 07-29-2014, 12:03 AM Sterling loses the first round of this fight.
Judge rules against Donald Sterling in attempt to block sale of Los Angeles Clippers - ESPN Los Angeles (http://espn.go.com/los-angeles/nba/story/_/id/11277942/judge-rules-donald-sterling-attempt-block-sale-los-angeles-clippers)
And in a side note for the Clippers.
Blake Griffin of Los Angeles Clippers has small fracture in his back - ESPN Los Angeles (http://espn.go.com/los-angeles/nba/story/_/id/11279085/blake-griffin-los-angeles-clippers-small-fracture-back)
Laramie 07-29-2014, 12:55 PM Wish Kevin Durant would decide to give it up. He has shown his allegiance to the United States with representation in previous FIBA World Cups. There are more than enough players available to make the U.S. competitive.
http://www.thunderfans.com/vforum/images/smilies/okc.gif "Oklahoma City looks oh-so pretty... ...as I get my kicks on Route 66." --Nat King Cole.http://www.thunderfans.com/vforum/images/smilies/okc.gif
ljbab728 08-12-2014, 09:30 PM The sale to Ballmer is complete even though some lawsuits still pend.
Steve Ballmer officially new owner of Los Angeles Clippers - ESPN Los Angeles (http://espn.go.com/los-angeles/nba/story/_/id/11343259/steve-ballmer-officially-new-owner-los-angeles-clippers)
This is very good news.
The evil Donald Sterling can do all his suing while the Clippers and NBA can carry on with their business.
Snowman 08-12-2014, 11:26 PM This is very good news.
The evil Donald Sterling can do all his suing while the Clippers and NBA can carry on with their business.
Well for a team Owner, this is as good a situation as you can walk into. It would almost take concerted effort to look bad compared to the previous owner, the team and coach are set, their in city rival shot them-self in the foot for the next two years with Kobe Bryant's contract.
ljbab728 08-12-2014, 11:30 PM And do you suppose the people in Seattle are jumping up and down with glee?
Urbanized 08-13-2014, 08:28 AM No. Ballmer has unequivocally stated there is zero chance of moving the team to Seattle. For one thing, he has too much money in it. But he will be a Seattle advocate. Sonics fans are now banking on expansion, with league rumors regarding Seattle and Louisville gaining some steam.
Bellaboo 08-13-2014, 10:47 AM And do you suppose the people in Seattle are jumping up and down with glee?
Too much money in LA, plus they have long term sponserships in LA. I read where he would not move them.
Laramie 08-13-2014, 11:13 AM No supersonic surprise, an owner would be foolish to say that he's going to move the franchise. Haven't we witnessed this as recipients of the Supersonics?
Ballmer took possession of the playbook left by the Oklahoma Raiders (Bennett, McClendon & Company) of the Emerald City.
https://sp2.yimg.com/ib/th?id=HN.608017633926775294&pid=15.1&P=0 https://sp3.yimg.com/ib/th?id=HN.608006711816225619&pid=15.1&P=0
Demand that you have your own new arena; then when those concessions aren't met, exclaim that nearby Anaheim's aging Pond is not an option. The final stage, apply for relocation to the NBA to move the franchise to Seattle where they have a new arena with one tenant to compete with--the NHL...
https://www.youtube.com/watch?feature=player_detailpage&v=mtBQ4UCXQeo
...Then, there are those who are familiar with Steve Ballmer? Ballmer is use to dodging more than questions...
Gotta love him, Steve Ballmer will make a great NBA owner!
Seattle Supersonics vs. Oklahoma City Thunder will be the most blood-thirsty rivalry in the NBA. It will make the old CHL Tulsa Ice Oilers vs. Oklahoma City Blazers' arch rivalry look like a mosquito bite.
http://www.thunderfans.com/vforum/images/smilies/okc.gif "Oklahoma City looks oh-so pretty... ...as I get my kicks on Route 66." --Nat King Cole.http://www.thunderfans.com/vforum/images/smilies/okc.gif
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