Sterling OKs Clippers Sale, Feels 'Fabulous'

He drops opposition to $2B Ballmer buy

By Rob Quinn,  Newser Staff

Posted Jun 5, 2014 12:39 AM CDT

(Newser) – Instead of unleashing a legal battle his lawyer likened to "World War III," Donald Sterling has decided to just sell the Los Angeles Clippers for a massive profit. His lawyer says Sterling has approved the sale of the team to Steve Ballmer for $2 billion and will drop a $1 billion lawsuit against the NBA, reports ESPN. The price tag is 160 times the $12.5 million Sterling paid for the team in 1980 and is nearly four times more than an NBA team has ever been sold for before, notes the Los Angeles Times.

With his ownership of the team nearly at an end, it doesn't sound like Sterling will be crying on his way to the bank. The 80-year-old, who remains banned for life from the NBA, tells NBC 4 that he is ready to "move on" from the team. "I feel fabulous, I feel very good," he says. "Everything is just the way it should be, really. It may have worked out differently, but it's good. It's all good."

Los Angeles Clippers owner Donald Sterling watches the Clippers play the Los Angeles Lakers during a 2011 preseason game.
Los Angeles Clippers owner Donald Sterling watches the Clippers play the Los Angeles Lakers during a 2011 preseason game.   (AP Photo/Danny Moloshok, File)
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