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| Sterling agrees to Clippers sale and drops lawsuit | Sterling agrees to Clippers sale and drops lawsuit |
| (35 minutes later) | |
| Los Angeles Clippers owner Donald Sterling has agreed to sell the team for $2bn (£1.2bn) and drop his lawsuit against the league, his lawyer says. | Los Angeles Clippers owner Donald Sterling has agreed to sell the team for $2bn (£1.2bn) and drop his lawsuit against the league, his lawyer says. |
| Maxwell Blecher told reporters his client had "made an agreement with the NBA to resolve all their differences". | Maxwell Blecher told reporters his client had "made an agreement with the NBA to resolve all their differences". |
| Former Microsoft chief executive Steve Ballmer is set to buy the basketball team in a record sale. | |
| Mr Sterling was fined $2.5m and banned for life from the league after racist comments he made became public. | Mr Sterling was fined $2.5m and banned for life from the league after racist comments he made became public. |
| The National Basketball Association (NBA) previously announced it had cancelled a hearing scheduled for 3 June that would have considered Mr Sterling's ownership of the Clippers, and said it tentatively approved the sale of the team to Mr Ballmer. | |
| The NBA requires team owners to approve a forced sale. | |
| But Mr Blecher said that even with the league's tacit approval of the sale, Mr Sterling had planned to sue for damages for the forceful termination of his ownership - but he has now changed his mind. | |
| Earlier Mr Ballmer said in a statement he was honoured to have his name put forward to the NBA for approval. | |
| "I love basketball. And I intend to do everything in my power to ensure that the Clippers continue to win - and win big - in Los Angeles," he said. |