A lawyer for embattled owner Donald Sterling of the National Basketball Association's Los Angeles Clippers said his client has agreed to sell the team for an NBA-record $2 billion.
Maxwell Blecher said Wednesday that Sterling will sell the Clippers to former Microsoft CEO Steve Ballmer, who agreed last week to buy the team for $2 billion through negotiations with Sterling's wife, Shelly Sterling.
The NBA's Board of Governors must approve the sale of the Clippers to Ballmer.
Sterling's lawyer said he will also drop his $1 billion lawsuit against the NBA, alleging the NBA violated his constitutional rights by forcing him to sell the Clippers based on a recording illegal under California law.
Segments from the private audio recording emerged in April. On it, Sterling made racist remarks about black people, telling a female companion not to bring African-Americans to Clippers games.
The NBA commissioner, Adam Silver, then banned Sterling from the league for life.