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Sterling sued the NBA in 2014, after his estranged wife
Shelly, with whom he co-owned the Clippers, agreed to sell the
franchise to former Microsoft chief executive Steve Ballmer for
$2 billion.
The sale was forced by the NBA after racially charged comments
by Sterling became public, leading the association to ban him
for life and fine him $2.5 million.
Sterling sued the NBA, along with others including Shelly and
two doctors who questioned his mental fitness to continue as a
member of the family trust that owned the Clippers.
The lawsuit alleged a conspiracy to remove him after 33 years as
owner of the franchise and sought more than $1 billion in
damages.
Terms of the settlement were not disclosed.
"Donald is pleased with the outcome and is looking forward to
focusing on future endeavors," Sterling's attorney Bobby Samini
wrote in an email to the Los Angeles Times.
(Reporting by Andrew Both in Cary, North Carolina; Editing by
Nick Mulvenney)
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