Posted Jun 11, 2014 9:08 PM
LOS ANGELES (AP) -- Shelly Sterling brokered a deal with former Microsoft CEO Steve Ballmer to sell the Los Angeles Clippers for what would be a record $2 billion if the NBA's owners approve it.
The terms allow her to remain close to the organization by allowing for up to 10 percent of the team -- or $200 million -- to be spun off into a charitable foundation that she would essentially run. Under terms detailed in a court filing Wednesday, Sterling also would retain the following perks:
•10 tickets in Sections 101 or 111 for all Clippers games in Los Angeles.
• 2 courtside tickets for all Clippers games in Los Angeles
• 6 parking spots in Lot C for each game
•12 VIP passes including access to Lexus Club, Arena Club, or Chairman's Lounge and media room or equivalent, for each Staples Game.
• 3 championship rings following any Clippers title
• Titles of "Owner Emeritus" and "Clipper's Number 1 Fan" for the rest of her life.
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