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.