Los Angeles Clippers co-owner Shelly Sterling (left) has announced a "binding contract" to sell the team to former Microsoft executive Steve Ballmer for $2 billion. Any sale of the team would require the NBA's approval before it is made official. Mark J. Terrill/AP hide caption

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Shelly Sterling (top right), wife of embattled L.A. Clippers owner Donald Sterling, watches Friday's Game 3 of the Clippers playoff series. The NBA says that if Donald Sterling is forced out, his wife cannot keep the team, either. Frederic J. Brown/AFP/Getty Images hide caption

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Shelly Sterling, the wife of Donald Sterling owner of the Los Angeles Clippers, watches the Clippers against the Golden State Warriors in Game Four of the Western Conference Quarterfinals during the 2014 NBA Playoffs in Oakland, California. Thearon W. Henderson/Getty Images hide caption

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Former and current NBA players (from left) Kareem Abdul-Jabbar and Roger Mason, along with Los Angeles Mayor Eric Garcetti, Sacramento Mayor Kevin Johnson and the Lakers' Steve Nash and former Laker and Clipper Norm Nixon, welcome the NBA's ban of Clippers owner Donald Sterling Tuesday. Noel Vasquez/Getty Images hide caption

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NBA Commissioner Adam Silver announces a lifetime ban and a $2.5 million fine for Los Angeles Clippers owner Donald Sterling Tuesday. Silver said the league verified an audio recording of Sterling making racist remarks. Elsa/Getty Images hide caption

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In a protest against comments attributed to Los Angeles Clippers owner Donald Sterling, the team's players wore their red warm-up shirts inside out to hide the team's logo. The NBA is still working to confirm Sterling made the controversial statements. Marcio Jose Sanchez/AP hide caption

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President Obama speaks during a joint press conference in Malaysia's administrative capital in Putrajaya Sunday, where he was asked about racist comments attributed to Los Angeles Clippers owner Donald Sterling. Mohd Rasfan/AFP/Getty Images hide caption

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An October 2013 photo shows Los Angeles Clippers owner Donald Sterling, right, and V. Stiviano, left. A recording released Friday includes racist comments allegedly made by Sterling as the couple argued. The NBA is investigating the claim. Mark J. Terrill/AP hide caption

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