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Sterling agrees to Clippers sale, will drop NBA lawsuit


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By Eric Kelsey LOS ANGELES (Reuters) - Embattled Los Angeles Clippers owner Donald Sterling has agreed to sell the team for $2 billion and will drop his lawsuit against the National Basketball Association, his lawyer Maxwell Blecher said on Wednesday, five weeks after taped racist remarks Sterling made caused the NBA to ban him for life. Sterling, 80, sued the league and commissioner Adam Silver for at least $1 billion in damages last week at the same time as the NBA tentatively approved a deal his estranged wife had struck to sell the franchise to former Microsoft Corp chief executive Steve Ballmer for an NBA record price of $2 billion.

 

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