POSTED: May 30, 2014 1:15 PM ET
NEW YORK — The following statement has been issued by Mike Bass, Executive Vice President, Communications, regarding the proposed sale of the Los Angeles Clippers:
"Commissioner Silver has consistently said the preferred outcome to the Clippers proceeding would be a voluntary sale of the team. Shelly Sterling advised the NBA last night that an agreement had been reached with Steve Ballmer, and the NBA Advisory/Finance Committee met via conference call this morning to discuss these developments. We await the submission of necessary documentation from Mrs. Sterling. In the meantime, the June 3 special meeting of the NBA Board of Governors remains as scheduled."