indef suspension and $5mm fine.
Honestly why not make it $50mm?
I get they went this route because they were unable to execute the nuclear vote him out option. $5mm strikes me a weak
Banning for life.....
2.5mil max allowed by consititution...
2.5 million is that max fine
Owners being urged by Silver to nuke Sterling and vote to revoke forcing him to sell.
Silver bringing the hammer down. Thank You Mr. Silver
Banned for life and $2.5 million fine. Silver urging a forced sale of the team by other owners… would require 3/4th of the other owners.
He doesn't invest in the Clippers for years and now would get forced to make a profit. Boo hoo.
aS JODECI SAID.. "life, life, life life, liiiife, liiiiife"....... wow!!!
my god CNBC sucks... first it was $5mm and suspended indef. Now its $2.5 and lifetime ban. Thats better in my opinion. Silver did everything can
fishmike wrote:my god CNBC sucks... first it was $5mm and suspended indef. Now its $2.5 and lifetime ban. Thats better in my opinion. Silver did everything can
Yeah, now the ball is in the owners' court.
What is the fine/banning for, officially?
I am really impressed with Silver and how genuine he comes across.
they couldnt hurt Sterling in the wallet. So they took away the part he loved most... schmoozing like a star at the games in his LA digs. I think this is fitting. It literally forces a sale. Doc will walk away. Players will boycott. Draft choices will refuse to play. Thats my prediction and hope. Sterling may prefer to see the thing run into the ground in some pissy attempt to fight the NBA but hard to see that bearing fruit
Is it legal to force anybody to sell their property or asset?
NYKBocker wrote:Is it legal to force anybody to sell their property or asset?
Its in the NBA bylaws that 3/4 of ownership votes can force him out.
Looks like Silver threw the book at Sterling with the power he has been given to deal with ths matter. If he follows through with his promise to do his level best to remove Sterling then he did pretty much everything he could. The onus is on the owners now and I get the feeling they will give him the boot. I doubt any owner wants the publicity that would follow a vote to keep him in the league.
He might be a richer man after the sale but I get the feeling that with Sterling owning the team was more about publicity, good or bad. Selling the team will devastate him if it happens. Couldnt of happened to a nicer guy.
"once you gone, you stay gone......"
mreinman wrote:NYKBocker wrote:Is it legal to force anybody to sell their property or asset?
Its in the NBA bylaws that 3/4 of ownership votes can force him out.
What does that mean? Who decides if a person has commited an error as per the bylaws? Who decides what is punishment? Does it have the backing of the government? My apologies. I am a lowly software engineer and I am not in the know.
Its not a trial. His past transgressions were not league infractions up until now.
In Brooklyn you have an oligopolist who built is fortune from state assets, off the backs of citizens.....
In Cleveland you have an owner who helped perpetuate fraud with Countrywide Mortgage........
In OKC you have an owner who fracks, causing toxic drinking water, earthquakes, and not paying royalties.......
and In LA you have a slumlord!!!!!
Until it touches the league and sponsers, its not a leauge matter. They get vetted when they buy the teams but they are not on trial.
Silver was great, handled the questions with great clarity and authority!
While there is moral outrage the owners will back him because to not go this far would do long term damage to the league, its ratings, and franchise values. So in turn the league seems to be on the right track with this.
