NBA Advisory/Finance Committee Meets to Review Status of Clippers Ownership

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NBA Advisory/Finance Committee Meets to Review Status of Clippers Ownership
USA TODAY Sports

While Donald Sterling is busy making a fool of himself on national television, the league continues its lurch toward stripping Sterling of his ownership of the Los Angeles Clippers.

The Association's Advisory/Finance Committee met via teleconference on Tuesday to further discuss Sterling's ouster and address a number of other concerns regarding the welfare of the Clippers franchise. Mike Bass, an official spokesman for the league, released the following statement on the matter (via ESPNLosAngeles.com's Arash Markazi):

This marked the third time the Advisory/Finance Committee had convened in some form since Sterling's racist comments to former assistant V. Stiviano were first leaked to Deadspin and TMZ. Commissioner Adam Silver has already banned Sterling from NBA activities for life and fined him $2.5 million, but the league's 29 other owners have yet to vote to strip the disgraced real estate mogul of his franchise ownership.

It was the first time, though, that the committee, comprised of 10 members of the league's Board of Governors, had met since former Time Warner executive Richard Parsons was installed as CEO of the Clippers in replacement of Andy Roeser, a long-time Sterling associate. The committee will discuss a plan of action regarding Sterling's ouster during a fourth meeting next week.

In the meantime, the Clippers and the NBA will be faced with yet another public relations nightmare posed by the Sterlings, Donald and Shelly alike. Donald joined CNN's Anderson Cooper for an exclusive interview, aired in two parts on Monday and Tuesday, in which Sterling apologized for his previous remarks while alternately berating Magic Johnson, the Los Angeles Lakers legend and current face of the Los Angeles Dodgers.

All the while, Sterling's estranged wife, Shelly, has taken to the media circuit—first with ABC's Barbara Walters over the weekend, then on The Today Show on Tuesday—in an attempt to distance herself from her husband while staking her claim to a share of Clippers ownership.

The NBA has already shot down the notion of Shelly retaining any semblance of ownership if her husband is removed (h/t Pro Basketball Talk's Dan Feldman):

Under the NBA Constitution, if a controlling owner’s interest is terminated by a 3/4 vote, all other team owners’ interests are automatically terminated as well. It doesn’t matter whether the owners are related as is the case here. These are the rules to which all NBA owners agreed to as a condition of owning their team.

On the court, the Clippers will resume their second-round series against the Oklahoma City Thunder in Game 5 on Tuesday night at Chesapeake Energy Arena in Oklahoma City. The Clippers are seeking their first-ever appearance in the Western Conference Finals.

 

For more on the Clippers' situation, follow me on Twitter.

 

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