“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,” the NBA said in a statement.
The Associated Press, ESPN and other media outlets reported Friday that, according to anonymous sources familiar with the matter, Sterling has opted to allow his wife, Shelly, to negotiate the sale of the L.A. Clippers. It’s not clear, however, if such a move would be allowed by the NBA — USA Today reports Shelly Sterling will agree to the deal only if she is granted a minority interest in the team, and any deal must be approved by the league.
A spokesperson for the Clippers declined to comment on the news. TIME reached out to an NBA spokesperson for more information but the league did not immediately respond.
The NBA is moving to remove Sterling from ownership of the Clippers; a related hearing has been set for early June. If the Sterlings and the NBA can come to a quick deal, however, it would save the league time and energy, removing the necessity for a complicated and potentially drawn-out voting process.
Sterling was banned from the NBA i by league commissioner Adam Silver in April following an outcry over racist comments Sterling made in a phone conversation which were later published publicly.
Sterling stands to make an enormous profit if and when he sells the Clippers. ESPN’s Bill Simmons estimates that the team would fetch at least $1.5 billion, while Sterling reportedlybought the team for $12.7 million in 1981.
Source: time.com by Alex Rogers