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SBD/June 5, 2014/Franchises
Donald Sterling Unexpectedly Gives Up Fight Against NBA, Accepts Clippers Sale
Published June 5, 2014
DOTTING I'S, CROSSING T'S: ESPN.com noted the league "has set no timetable for an vote to approve Ballmer, but he is expected to be easily accepted by three-fourths of the other 29 owners" (ESPN.com, 6/5). SI.com's Michael McCann noted Donald and Rochelle Sterling "through a family trust" will split the $2B from the sale of the Clippers. Approximately $662M "will be paid to the IRS and California Franchise Tax Board in capital gains taxes." McCann wrote the NBA "outmaneuvered Donald Sterling at every step, making it virtually impossible for him to wage an effective legal fight." The league also caught "a break with a cooperative and astute" Rochelle Sterling. Commissioner Adam Silver's "newfound power will help him with other issues" (SI.com, 6/4). Meanwhile, the AP's Karen Matthews reported Rev. Al Sharpton and other civil rights leaders yesterday "pressed for greater diversity in NBA front offices" in a meeting with Silver "amid discussions about racial issues" raised by Sterling's ouster. A group including Sharpton, National Urban League President Marc Morial and incoming NAACP President Cornell Brooks "met with Silver for more than an hour" at the league's N.Y. offices (AP, 6/4).