A lawsuit says Sterling made a "steady stream of racially and sexually offensive comments" at Maiko Maya King, with whom he was in a "romantic relationship"
As a result of the settlement with Sterling's estranged wife, the league avoided a vote by NBA owners to consider removing one of their own
It was a great investment, topping buying Apple in 1981, stocks, gold and real estate. He might have done better with Microsoft, however.
The agreement will need to be approved by the National Basketball Association's Board of Governors before it is finalized
Former Microsoft CEO Steve Ballmer may have also bid around $1.8 billion, according to press reports
"This was an argument between a jealous man and the woman he loved that should never have left the privacy of the living room," Sterling said
"Am I entitled to one mistake? It's a terrible mistake, and I'll never do it again," Sterling said.
Parson's appointment comes three days after the league announced an indefinite leave of absence for the top lieutenant of the Clippers' owner, Donald Sterling.
I know it sounds like a paradox, but not being there for them is the most emphatic support you could give Clipper coach Doc Rivers and his players.