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Shelly Sterling gets perks if Clippers deal closes


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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