Los Angeles Clippers owner Donald Sterling has filed a new lawsuit in his attempt to retain the team and derail a potential $2 billion sale. The lawsuit filed Tuesday in Los Angeles County Superior Court names estranged wife Shelly Sterling, the NBA and Commissioner Adam Silver, saying they committed fraud and violated corporate law in their attempt to sell the team to former Microsoft CEO Steve Ballmer. They include Sterling's assertion that he's the team's sole owner, that his wife deceived him in persuading him to get mental examinations and that the NBA and Ballmer colluded to deprive him of his rights as owner.
Andrew Wiggins will sign his rookie contract with the Cavaliers. A person familiar with the negotiations says the Cavs will sign the No. 1 overall pick to his deal, an agreement that would prevent any potential trade involving the small forward from being completed for 30 days. Wiggins has been linked to a possible trade with Minnesota for All-Star forward Kevin Love. The person familiar with the talks says Wiggins will sign with Cleveland as early as Wednesday.
Richard Parsons, the interim CEO of the Los Angeles Clippers, is due to step into the battle of billionaires going on in probate court over the proposed sale of the Los Angeles Clippers. Parsons, once known as the ''Mr. Fixit'' of the business world during his tenure as CEO of Time Warner and Citigroup, will be called as a witness Tuesday to support Shelly Sterling's bid to sell the team for $2 billion to former Microsoft CEO Steve Ballmer. Donald Sterling, who owns the team along with estranged wife Shelly, is resisting the sale. Parsons took over leadership of the Clippers in May during the media blitz surrounding the banishment of Sterling from the NBA for making racist comments.