Adam Silver, the NBA Commissioner, issued a statement on Tue. Apr. 29, 2014 stating Donald Sterling is banned for life from attending any games or training sessions involved with the NBA, and that he would take drastic and immediate action to remove Sterling as the owner of the Los Angeles Clippers organization. Additionally, Silver fined Sterling $2.5 million, which he said would be donated to anti-discrimination organizations.
As an investment valued at $575 million, the Clippers are one of Donald’s major sources of income. If he is forced to sell the team, Sterling will not only lose $2.5 million, but a team that produces a considerable amount of revenue annually.