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 Banned owner Donald Sterling has approved the sale of the Los Angeles Clippers to former Microsoft CEO Steve Ballmer and won't pursue further legal action related to the transaction, his attorney told ESPN.com's Ramona Shelburne in an email Wednesday. Max Blecher said Donald Sterling had settled with wife Shelly regarding the sale and that the NBA agreed to not sue him for anything a day after Sterling, in an interview with NBC4 during a charity function, said he was ready to "move on." "I feel fabulous, I feel very good," Sterling told NBC4 on Tuesday night when asked how he felt about his wife selling the team. "Everything is just the way it should be, really. It may have worked out differently, but it's good. It's all good," Sterling said. Donald Sterling -- who had yet to sign anything as of Wednesday night, a source told ESPN.com -- sued the NBA on Friday seeking $1 billion in damages but will withdraw that suit, Blecher said. Donald Sterling officially announced Wednesday that he, the NBA and his estranged wife Shelly have agreed to sell the Los Angeles Clippers to Steve Ballmer for $2 billion and various additional benefits, Sterling's lawyer told NBC News. Silver fined Sterling $2.5 million and banned him for life from the league after an audio recording surfaced in which Sterling told companion V. Stiviano not to bring black people to Clippers games.
– Instead of unleashing a legal battle his lawyer likened to "World War III," Donald Sterling has decided to just sell the Los Angeles Clippers for a massive profit. His lawyer says Sterling has approved the sale of the team to Steve Ballmer for $2 billion and will drop a $1 billion lawsuit against the NBA, reports ESPN. The price tag is 160 times the $12.5 million Sterling paid for the team in 1980 and is nearly four times more than an NBA team has ever been sold for before, notes the Los Angeles Times. With his ownership of the team nearly at an end, it doesn't sound like Sterling will be crying on his way to the bank. The 80-year-old, who remains banned for life from the NBA, tells NBC 4 that he is ready to "move on" from the team. "I feel fabulous, I feel very good," he says. "Everything is just the way it should be, really. It may have worked out differently, but it's good. It's all good."