HoopsHype Donald Sterling rumors

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July 24, 2014 Updates

The book, called "Project Claret" so as not to give away on the cover sheet that these numbers are indeed the financials of the Clippers, reveals that the team is projected to finish the year with $62.3 million in revenues from ticket sales, $25.8 million from its local cable contract and $24.1 million in additional team revenue. The Clippers are also projected to receive $52.7 million on the season in shared national league revenue, according to the document. After taking away player payroll costs, total operating revenue for the 2013-14 season is projected to be $100 million. Valuation multiples are usually based on total revenues, so the $164.9 million before player costs are extracted equals more than 12 times less than the $2 billion sale price. ESPN.com

His name is J. Bruce Miller. He is said to be a longtime personal friend of David Stern's and has been trying for years to bring a revival of the ABA's Kentucky Colonels to the City of Louisville. (...) Miller: "As I've repeatedly said, ONCE the League gets control of the Sterling situation either by Sterling losing and the sale carrying forth OR by Sterling winning and the League (itself) moving forward as per Silver "...with our own proceedings." --- then the time will come to focus on the television rights negotiation which will also involve the potential expansion to Seattle and another city (most likely to be Louisville)." Sonics Rising

If the gentleman from Kentucky and this league insider are correct, the NBA not only wants to return to a lucrative market, whose absence is costing it significant money, but is seriously considering expansion as an alternative to do so. Three things need to happen before this can come to fruition: Seattle must get the proposed SoDo arena to a shovel-ready condition, the situation with the Clippers must be resolved, and the new TV deal must be inked with sufficient extra revenue to warrant expansion. Sonics Rising

July 23, 2014 Updates

Testimony in the weeks-long probate trial between Donald Sterling and his estranged wife, Shelly, concluded Wednesday, with closing arguments set for Monday in a case that could help lead to resolution of Shelly's impending $2 billion sale of their Los Angeles Clippers to former Microsoft CEO Steve Ballmer. Donald's side finished presenting its case and did not, as expected, recall Shelly to the stand. USA Today Sports

Instead, Dr. Jeffrey Cummings, an expert on Alzheimer's and dementia, testified on behalf of Donald that he believes the mental evaluations of Donald conducted by two doctors hired by Shelly were improperly done because Shelly was in the room at the time. "I understand there's a stress between Mr. Sterling and Mrs. Sterling," Cummings testified. "The optimal examination would be conducted with no distractions so that the person being examined could, would be able to concentrate fully on the task at hand. USA Today Sports

July 22, 2014 Updates
July 21, 2014 Updates

Donald Sterling's combative, rambling proclamations on the witness stand — and his vulgar outburst off the stand — have drawn the most attention here in the probate trial that could determine whether his wife, Shelly, can go through with her proposed $2 billion sale of the Los Angeles Clippers to former Microsoft CEO Steve Ballmer. But Shelly and her lawyers continue to build momentum in the case. The trial was in recess last week because of scheduling conflicts with the judge and the lawyers. USA Today Sports

July 17, 2014 Updates

ESPY Awards host Drake delivered a hilarious monologue to start the show, in which he jokingly acknowledged being a bandwagon fan and blew air in Lance Stephenson’s ear. At one point, Drake took a shot at Los Angeles Clippers owner Donald Sterling, and Blake Griffin’s reaction was priceless. Drake noted that the audience was just a few hundred yards from the Staples Center, which is “as close as Donald Sterling is allowed to get.” The camera immediately cut to Griffin in the audience, who tried to stifle a laugh. For The Win

July 16, 2014 Updates

As troubling as that might be in terms of public perception, given Sterling’s racially bigoted comments back in April, and as incendiary as that could become as an issue with the NBA’s players, Silver said the methodical pace of the probate trial in Los Angeles between the Sterlings could further delay the Clippers sale to former Microsoft CEO Steve Ballmer. “No, I cannot say it with certainty, and I cannot say it with certainty because it’s in the hands of the probate court,” Silver said. “I can say with certainty, we are doing everything in our power to move Donald out as an owner in the NBA. If the probate ruling doesn’t go in our favor, we’ll recommence our procedures under termination.” NBA.com

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