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.
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.