POSTED: May 7, 2014 3:02 PM ET
NEW YORK -- The following statement has been issued by Mike Bass, Executive Vice President, Communications, regarding today's meeting of the NBA Advisory/Finance Committee:
"The Advisory/Finance Committee met again today via conference call. The Committee reviewed the status of the search for a new CEO of the Los Angeles Clippers, was updated on meetings held this week between NBA Deputy Commissioner Mark Tatum and Clippers employees, and addressed the process and timing regarding the termination of Mr. Sterling's ownership of the team. The Committee will reconvene next week."