NBA, Sterling Family Trust Announce Settlement, Sale To Ballmer
The NBA has resolved dispute over the ownership of the Los Angeles Clippers and the franchise will be sold to Steve Ballmer, pending approval by the Board of Governors.
The NBA will then withdraw its pending charge to terminate the Sterlings' ownership of the team.
Ballmer reportedly paid $2 billion to purchase the Clippers from the Sterlings.
Shelly Sterling and the Trust agreed not to sue the NBA and to indemnify the NBA against lawsuits from others, including from Donald Sterling.