1. MERCY

    Sterling Drops Lawsuit, Selling Clippers

    Stephen Dunn/Getty

    Embattled Los Angeles Clippers owner Donald Sterling will sell the team to former Microsoft CEO Steve Ballmer and drop his $1 billion lawsuit against the NBA, his lawyer announced Wednesday. According to the attorney, Sterling “has made an agreement with the NBA to resolve all their differences.” In addition, he will sell the team for a record $2 billion in a deal negotiated by his wife, Shelly. Sterling had sued the NBA last week saying it used information from an “illegal” recording, and that the league had engaged in a breach of contract by fining him $2.5 million for his racist tirade. The sale to Ballmer must still be signed off on by other NBA owners.

    Read it at CBS News