Does Donald Sterling deserve a second chance?

[CallMeBruce]

My understanding is that if the Clippers stay with the Sterlings until Donald dies, basis is stepped-up, meaning that capital gains taxes would be avoided.

So if the franchise is worth $1.7B, ~20% of that is $340M given that his cost basis is $12M. You can argue that the tax system is all messed up (and it is), but the reality is that selling now v. selling after he dies has a real economic impact to the Sterling family overall. So maybe $340M isn't real money to you...but NOBODY facing that kind of a tax hit is going to go down without swinging.

Ah, crap. I wasn't looking at it that way.

 

[Dogdeacon]

My understanding is that if the Clippers stay with the Sterlings until Donald dies, basis is stepped-up, meaning that capital gains taxes would be avoided.

So if the franchise is worth $1.7B, ~20% of that is $340M given that his cost basis is $12M. You can argue that the tax system is all messed up (and it is), but the reality is that selling now v. selling after he dies has a real economic impact to the Sterling family overall. So maybe $340M isn't real money to you...but NOBODY facing that kind of a tax hit is going to go down without swinging.

Exactly right, a large % of that 340M is the war-chest for the legal fight. If the league cannot quickly vote and auction the team, the players and coaches are going to have to opt out of contracts or refuse to sign until the Sterlings are removed. Only by reducing the franchise value can you make it not worth fighting (i.e. Doc & all free agents bolt, Chris Paul and Blake sue to get out of their contracts and suddenly a sale is a lot better financially than running it into the ground). Or the NBA could use their favorite threat of an expansion team in Seattle to replace a 'suspended' Clippers franchise. But all this needs to happen after the Clips are done playing.

At some point Silver must present Sterling with an offer he can't refuse. Sell the team, donate a portion of the profits to a NAACP type charity and exit contritely. The 'sell' is this is the only way to fix the otherwise irreparable damage you've done by having your last gesture be magnanimous. Fight us and we are taking it all away and bringing out every skeleton in your closet during the battle.

 

[sledog]

The real Q is if Sliver should have another chance. He'a a worm.

 

[UConn07]

The obvious rebuttal is this isn't his first mistake. And, on top of that, it's not just a terrible one...it crosses a certain very touchy line. But, he's admitted fault. He's apologized and fallen on his sword.

Does he deserve to be forgiven and given another chance? What else could he possibly do to make up for his mistake (which, again...was said in the privacy of his own home).

Honest question for all here. Why is Sterling being ostracized when Charles Barkley has been quoted saying "I hate white people." Why is there a double standard? Or is it the media tries to cater to one side and not another. Hmmmmmm. I think we are just all way too sensitive.

 

[BigErnMcCracken]

The real Q is if Sliver should have another chance. He'a a worm.

Adam Silver? What could your beef with him possibly be?

 

[BigErnMcCracken]

Honest question for all here. Why is Sterling being ostracized when Charles Barkley has been quoted saying "I hate white people." Why is there a double standard? Or is it the media tries to cater to one side and not another. Hmmmmmm. I think we are just all way too sensitive.

Oy vey. Again with this?

 

[bmayuc]

HOW ARE THERE *21* PEOPLE WHO VOTED FOR STERLING?!)!!_)(!#&%_&!)#%&!)(%#!&!#)(%

I thought we relegated all the crazies the cesspool?

 

[UConn07]

HOW ARE THERE *21* PEOPLE WHO VOTED FOR STERLING?!)!!_)(!#&%_&!)#%&!)(%#!&!#)(%

I thought we relegated all the crazies the cesspool?

I agree - that's pretty surprising and I didn't even vote!

 

[superjohn]

HOW ARE THERE *21* PEOPLE WHO VOTED FOR STERLING?!)!!_)(!#&%_&!)#%&!)(%#!&!#)(%

I thought we relegated all the crazies the cesspool?

I'm not a racist but........

 

[Husky25]

Nothing would turn Sterling into the victim quicker than the NBA forcing his family to sell the team because he has Alzheimers. That rule is a common contractual one to prevent an incapacitated or declining partner from doing something irresponsible or damaging to the other partners. If another family member is in charge, this gun can backfire easily.

Maybe, but maybe not. It was reported that Sterling had cancer about 12 hours after Silver banned him from the league. It hardly moved the needle.

 

[David 76]

He dug himself an even deeper hole. Clearly very senile.

Except he has been saying stuff like this for decades. Sorriest thing he said (to me) was 'Why did that girl make me say those things?"

 

[Huskies4ever]

HOW ARE THERE *21* PEOPLE WHO VOTED FOR STERLING?!)!!_)(!#&%_&!)#%&!)(%#!&!#)(%

I thought we relegated all the crazies the cesspool?

I've learned from this thread that there are some truly stupid ignorant (and outright racist) people on this board.

 

[Huskies4ever]

Maybe, but maybe not. It was reported that Sterling had cancer

He is a cancer. And a very wealthy one.

 

[Huskies4ever]

Honest question for all here. Why is Sterling being ostracized when Charles Barkley has been quoted saying "I hate white people." Why is there a double standard? Or is it the media tries to cater to one side and not another. Hmmmmmm. I think we are just all way too sensitive.

He doesn't hate white people, and anyone who takes him seriously, needs to get out a little more.

 

[Huskies4ever]

lol @ "its the truth", your posts are always good for comedy with how uneducated and slack jawed you sound

Cleetus, the Slack-Jawed Yodel

 

[FfldCntyFan]

I know I'll regret posting in this thread but here goes:

Does Sterling deserve a second chance? Yes, we are all human and shy of taking someone's life I believe that anyone, after mis-steps, mistakes, etc., should be granted an opportunity for redemption.

The thing here (which a few have already pointed out) is that Sterling exhausted his second, third, fourth, however many additional chances decades ago.

 

[Huskies4ever]

He still be banging young beeotches though. Viagra is a helluva drug I guess. Seriously, how do you lay up with that if your younger than 70.

I wonder if he really is, though. I can see this mistress of his just stripping for him, while he lavishes her with gifts and straight up $$$$$$$$. I can't imagine his nether-regions function well at his age. Could be wrong, though. The only reason a woman would want him would be for said $$$$$$$$.

 

[mauconnfan]

I've learned from this thread that there are some truly stupid ignorant (and outright racist) people on this board.

I've seen a couple of questionable replies but it's The Boneyard and to conclude anyone is racist from anything I've read is ……well ridiculous at best!

 

[David 76]

Honest question for all here. Why is Sterling being ostracized when Charles Barkley has been quoted saying "I hate white people." Why is there a double standard? Or is it the media tries to cater to one side and not another. Hmmmmmm. I think we are just all way too sensitive.

Perhaps if Charles owned a hockey team, it would be clearer. Or if he told his girlfriend to not be seen with Wayne Gretzki. Or if Charles invited his black friends into the shower room to look at the great white athletes bodies, you might see it. But Sterling refusing blacks fair housing because "they smell" is plenty reason.

 

[BigErnMcCracken]

I've seen a couple of questionable replies but it's The Boneyard and to conclude anyone is racist from anything I've read is ……well ridiculous at best!

I thought South Tampa Bill breaking out the phrase "black vermin" was a decent clue but I can't speak for everyone.

 

[mauconnfan]

I thought South Tampa Bill breaking out the phrase "black vermin" was a decent clue but I can't speak for everyone.

Missed that one I take it back……..