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Editor: Gerry W. Beyer
Texas Tech Univ. School of Law

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Sunday, August 17, 2014

Clippers Sale Contract About More Than Money

ContractAs I have previously discussed, Steve Ballmer is now the new owner of the Los Angeles Clippers. The $2 billion agreement between Ballmer and Shelly Sterling included more than the mere sale of a basketball franchise. The contract included some interesting perks for Shelly Sterling, including the titles "Clippers Number One Fan" and "owner emeritus," and three championship rings in the event the Clippers win an NBA championship. Shelly will likely be at many Clippers games sitting court side, since under the contract she gets two court side seats and 10 additional tickets to each game, six parking spaces, and 12 VIP passes.

See Bryan Cronan, Shelly Sterling Contract Ranks Among the Weirdest in Pro Sports, The Christian Science Monitor, August 14, 2014.

Special thanks to Joel Dobris (Professor of Law, UC Davis School of Law) for bringing this article to my attention.

http://lawprofessors.typepad.com/trusts_estates_prof/2014/08/clippers-sale-contract-about-more-than-money.html

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