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04-30-2014, 02:46 AM
Will Donald Sterling Get a $1 Billion Payday for Being Racist?
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When Donald Sterling bought the Clippers for $12 million in 1981, the NBA (http://mashable.com/category/nba/?utm_medium=feed&utm_source=rss) was a very different place, one yet to be changed by transcendent players, shrewd marketing and a global explosion in popularity. This season alone, for example, the Clippers' two biggest stars — Chris Paul and Blake Griffin — are earning $18 million and $16 million, respectively (http://hoopshype.com/salaries/la_clippers.htm)
Forbes (http://www.forbes.com/teams/los-angeles-clippers/) valued the Clippers at $575 million this January — a number that's almost certainly much lower than what the team would likely sell for. So if Sterling does indeed become the first owner in NBA history forced to sell his franchise, then he stands to make a healthy profit — perhaps more than $1 billion Read more... (http://mashable.com/2014/04/29/donald-sterling-sell-clippers/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss)
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When Donald Sterling bought the Clippers for $12 million in 1981, the NBA (http://mashable.com/category/nba/?utm_medium=feed&utm_source=rss) was a very different place, one yet to be changed by transcendent players, shrewd marketing and a global explosion in popularity. This season alone, for example, the Clippers' two biggest stars — Chris Paul and Blake Griffin — are earning $18 million and $16 million, respectively (http://hoopshype.com/salaries/la_clippers.htm)
Forbes (http://www.forbes.com/teams/los-angeles-clippers/) valued the Clippers at $575 million this January — a number that's almost certainly much lower than what the team would likely sell for. So if Sterling does indeed become the first owner in NBA history forced to sell his franchise, then he stands to make a healthy profit — perhaps more than $1 billion Read more... (http://mashable.com/2014/04/29/donald-sterling-sell-clippers/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss)
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