The lawyer for American billionaire Donald Sterling says the embattled owner of the Los Angeles Clippers basketball team has agreed to the sale of the team and will drop his $NZ 1.2 billion lawsuit against the NBA.
The 80-year-old Sterling has already been banned for life and fined $2.5 million by the NBA for racist remarks he made in a taped recording.
His estranged wife, Shelly Sterling, last week agreed to sell the franchise to former Microsoft Corp chief executive Steve Ballmer for $NZ 2.4 billion.
