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Since Mr. Sterling is being forced to divest himself of the Clippers, the NBA is in effect forcing him to cash in the equity of hundreds of millions of dollars that the team has accumulated in the years since he purchased it.  The poor baby will then have to pay that dreaded 15% Capital Gains Tax instead of what you and I pay on our paltry earnings.  

This "punishment" makes him enough money to make Uncle Scrooge jealous.  The problem is this: how do you punish a guy with so much money that no amount of fines can hurt him?  Keep him from going to games?  Is that all?

Here is my suggestion.  The NBA should remove that profit from the transaction.  He should have to sell the team back to the NBA at the price he paid, and the NBA will then sell it at market value to Magic Johnson or whomever, and donate the difference to a worthy charity.  The NBA would come out smelling like, well if not like a rose, less like a locker room.

The difference of hundreds of millions of dollars will definitely hurt Sterling.

Just my idea.  It would never work.  Too simple.

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Comment Preferences

  •  Tip Jar (0+ / 0-)

    Orwell was an optimist.
    My Home Page

    by RepackRider on Tue Apr 29, 2014 at 04:19:39 PM PDT

  •  He is 80 and worth about 2 billion. (3+ / 0-)
    Recommended by:
    auapplemac, CaliSista, worldlotus

    Even that wouldn't hurt him even if it was legal to do.

    Most of the people taking a hard line against us are firmly convinced that they are the last defenders of civilization... The last stronghold of mother, God, home and apple pie and they're full of shit! David Crosby, Journey Thru the Past.

    by Mike S on Tue Apr 29, 2014 at 04:27:57 PM PDT

  •  Look, the guy is a pig (3+ / 0-)
    Recommended by:
    Sparhawk, auapplemac, worldlotus

    but what you are describing is crazy.  You cant just step in and STEAL someone's $600 Million asset that he's owned for decades.

    My parents paid $30,000 for their house way back when.  They paid their mortgage and raised 3 kids in that house.  If their HOA came along in 2014 and said "We've decided we don't like something you did.  I know its not illegal but WE don't like it so you have to sell us your house in this nice neighborhood for $30,000 so we can sell it someone we like for fifteen times that much."

    I WOULD SUE THE LIVING SHIT OUT THAT PERSON AND LAUGH IN THEIR FUCKING FACE WHEN THEY LOST.  

    This guy deserves everything he has coming to him including all the public humiliation and the ejection from the league, but I would actually support his lawsuit against the league if they tried that.

    Красота спасет мир --F. Dostoevsky

    by Wisper on Tue Apr 29, 2014 at 04:55:59 PM PDT

  •  Suggestion. (4+ / 0-)
    Recommended by:
    Sparhawk, auapplemac, alx9090, worldlotus

    Forget about Donald Sterling.

    Move forward.
    The fans, players, Commissioner have risen above the mess as one.
    I applaud their decorum.
    They all decided, together,  who the asswipe is.

    "Move forward".
    Sterling doesn't deserve another thought.

    Huey728 "I'm not really big on calling strangers on the phone, but I felt this election was too important to just sit back and watch." Elections are decided exactly this way; every damned election! GOTV counts... the votes!

    by Nebraska68847Dem on Tue Apr 29, 2014 at 05:03:39 PM PDT

  •  Here was my idea: (0+ / 0-)

    Expel the Clippers from the NBA, create a new LA franchise, and give all current Clippers players the option for the NBA to void their contracts (permitted under the current CBA) if they'll sign with the new LA team under the same terms for the remainder of their current contracts.

    If Sterling decides to be an ass about it the new LA team might not get the Clippers name/trademark, but as someone who's lived there let's be honest here—there's no more attachment in LA to the name "Clippers" than there is here in DC (where I now live) to the name "Wizards." If they have to change it, they get to sell more jerseys.

    That way, Donald Sterling doesn't make money from a franchise that has become worthless (why would anyone buy a basketball team without a league?), and neither LA nor the Clippers' players are punished.

    "When I give food to the poor, they call me a saint. When I ask why the poor have no food, they call me a communist." --Dom Helder Camara, archbishop of Recife

    by JamesGG on Tue Apr 29, 2014 at 05:06:29 PM PDT

  •  You're right: It would never work. (0+ / 0-)

    But not because it's too simple, I'm afraid. I don't think they will find a legal way to do what you're proposing. He owns that team.  And I'm not sure you're going to get the other team owners to agree to strip him of his profit in selling the club. They have their own interests to look after, after all. And if it could happen to him, it could happen to them.

    Far more likely an easier, they will force him to sell, which net him a half billion to one billion dollars.  The reason they can force him to sell is because they can deny him the ablility to belong to the league, and if he doesn't belong to the league then is team is likely worthless, or at the least severely lessened in value

    Il est dangereux d’avoir raison dans des choses où des hommes accrédités ont tort. - Voltaire
    Don't trust anyone over 84414 - BentLiberal

    by BentLiberal on Tue Apr 29, 2014 at 07:08:48 PM PDT

  •  The problem isn't just Donald Sterling (1+ / 0-)
    Recommended by:
    Uncle Moji

    ...but the fact that the overwhelming majority of sports teams are privately owned.

    A much-better long-term solution for the NBA would be to transition team ownership from individual private owners to franchises owned directly by the fans.

    See, as the best example, The Green Bay Packers of the NFL:

    The Packers are the only community-owned franchise in American professional sports major leagues.[22] Typically, a team is owned by one person, partnership, or corporate entity, i.e., a "team owner." The lack of a dominant owner has been stated as one of the reasons the Green Bay Packers have never been moved from the city of Green Bay, a city of only 102,313 people as of the 2000 census.[23] While the team is operated as a non-profit organization, technically it is a for-profit corporation because under Wisconsin law non-profit corporations cannot issue stock.

    [...]

    Green Bay is the only team with this form of ownership structure in the NFL; such ownership is in direct violation of current league rules, which stipulate a limit of 32 owners of one team and one of those owners having a minimum 30% stake. However, the Packers corporation was grandfathered when the NFL's current ownership policy was established in the 1980s,[26] and are thus exempt. The Packers are also the only American major-league sports franchise to release its financial balance sheet every year.

    "In whose delusional mind is democracy made better by allowing wealthy people to control more of it?" -Jon Stewart

    by radabush on Tue Apr 29, 2014 at 09:57:09 PM PDT

  •  WOW (0+ / 0-)

    Sterling's girlfriend says she is not the one who released the recordings. Who did? She is sorry for the Ban???

    So, she is not a heroine, but neither are the people who knew and said nothing.  

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