04-29-2014, 02:37 PM
HARSH PENALTIES IMPOSED
![[Image: img15774262.jpg]](http://sports.cbsimg.net/u/photos/basketball/nba/img15774262.jpg)
Adam Silver, NBA Commissioner
I'm listening to the press conference now.
Silver has announced that Donald Sterling is suspended for life. That means that he may not attend games, practices, or Clippers facilities. He may also not attend Board of Governors meetings.
Sterling was also fined USD $2.5 million, which will be donated to organizations promoting anti-discrimination.
Sterling's wife and his son-in-law are still in the management of the team.
Silver also announced that he will urge the Board of Governors to force a sell of the team.
I read yesterday that when Sterling bought the team over 30 years ago, he paid USD $12million. It's now worth USD $575million. So, if he is forced to sell, even if there's some devaluation associated with this incident and the recent sponsor pull-outs, Sterling will make a huge profit from his long term investment (no one can take that away, nor should they be able to - IMO).
Adam Silver, NBA Commissioner
I'm listening to the press conference now.
Silver has announced that Donald Sterling is suspended for life. That means that he may not attend games, practices, or Clippers facilities. He may also not attend Board of Governors meetings.
Sterling was also fined USD $2.5 million, which will be donated to organizations promoting anti-discrimination.
Sterling's wife and his son-in-law are still in the management of the team.
Silver also announced that he will urge the Board of Governors to force a sell of the team.
I read yesterday that when Sterling bought the team over 30 years ago, he paid USD $12million. It's now worth USD $575million. So, if he is forced to sell, even if there's some devaluation associated with this incident and the recent sponsor pull-outs, Sterling will make a huge profit from his long term investment (no one can take that away, nor should they be able to - IMO).