HoopsHype Owners rumors

June 10, 2014 Updates

Los Angeles Clippers owner Donald Sterling has pulled his support from a deal to sell the team to former Microsoft CEO Steve Ballmer and will pursue his $1 billion federal lawsuit against the NBA, his attorney said Monday. "We have been instructed to prosecute the lawsuit," said attorney Maxwell Blecher. He said co-owner Donald Sterling would not be signing off on the deal to sell. Donald Sterling issued a one-page statement dated Monday titled "The Team is not for Sale" and said that "from the onset, I did not want to sell the Los Angeles Clippers." USA Today Sports

June 9, 2014 Updates

Donald Sterling’s attorney said Monday his client would not be dropping his billion-dollar lawsuit against the NBA, complicating some of the final details in the sale of the Clippers. Last week Maxwell Blecher said Sterling had agreed to a deal with the NBA in which he would sign off on the $2 billion sale to former Microsoft CEO Steve Ballmer and agree to drop his suit against the NBA. Orange County Register

The league, in turn, would agree not to sue Sterling and would drop the charges against him. Sterling’s legal team interpreted that to mean the league was rescinding its lifetime ban and $2.5 million fine. To the NBA, however, the only charge they were dropping against Sterling was the “charge to terminate ownership.” The NBA cancelled that June 3 hearing after Sterling’s wife Shelly agreed to sell the team to Ballmer. But that’s not the main reason Sterling reversed course, according to Blecher, who said NBA commissioner Adam Silver’s adamancy in a Sunday press news conference was the primary culprit for Sterling’s change of heart. Blecher called Silver's handling of the situation, “just plain nasty.” Orange County Register

Ramona Shelburne: Donald Sterling: "I believe that Adam Silver acted in haste by illegally ordering the forced sale of the Clippers & banning me for life from the NBA. Action taken by Silver & NBA constitutes a violation of my rights and fly in the face of freedoms that are afforded to all Americans." Twitter @ramonashelburne

None of the candidates has met with owner Dan Gilbert, and none has a second interview scheduled as of Monday evening, a source said, though Yahoo reported that Gentry and Lue would be interviewed again. The Associated Press also reported Gentry would have a second interview. Cleveland Plain Dealer

Elementary school students may be far too young to have seen Michael Jordan’s playing days, but they apparently know quite well of his legend. When Jordan walked into a classroom recently, according to this video posted on Instagram, a group of very excited students swarmed him in the way that is a mixture of terrifying and adorable. Jordan was visiting the school, Hornets Nest Elementary, to help unveil a new fund for classroom innovations. For The Win

June 8, 2014 Updates

Sterling levied a $1 billion lawsuit against the NBA and Silver following a lifetime ban and $2.5 million fine handed down by the league following racially charged comments by Sterling. "I have absolute confidence it will be resolved because as part of the sale agreement with Shelly Sterling, she agreed to indemnify the league against a lawsuit by her husband," Silver said, "So in essence, Donald is suing himself and he knows that. While I understand he is frustrated, I think it's over. I think it's just a matter of time now, and then we will move on to better topics and back to the Finals." ESPN.com

Silver said Ballmer intends to purchase the Clippers entirely on his own, with eventual plans to build an ownership group. "What Steve has told us is that while he's the 100 percent owner of the team now, he intends to move forward and close as the 100 percent owner," Silver said. "And all he's told me is that he would then look to bring in other partners, but that would be premature right now." ESPN.com

June 6, 2014 Updates

The New York Knicks could now be worth $3 billion. So says Rich Tullo, an analyst at Albert Fried & Company, which made the comment as part of a note issued Friday morning to announce that the research company was revising its price target for Madison Square Garden stock upward to $85 a share. Tullo wrote that the Knicks, he believes, are now worth between $1.4 billion and $3 billion "based on percent premiums of recent sales prices paid for franchises such as the L.A. Clippers ($2 billion), the Bucks ($550 million) and New Orleans ($338 million)." ESPN.com

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