Donald Sterling to Go Away Relatively Quietly (for Donald Sterling)

SAN ANTONIO, TX - MAY 19:  (2nd L) Team owner Donald Sterling of the Los Angeles Clippers watches the San Antonio Spurs play against the Memphis Grizzlies during Game One of the Western Conference Finals of the 2013 NBA Playoffs at AT&T Center on May 19, 2013 in San Antonio, Texas.  NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement.  (Photo by Ronald Martinez/Getty Images) *** Local Caption *** Donald Sterling
Photo: Ronald Martinez/2013 Getty Images

Litigious racist Donald Sterling will reportedly hand over control of the L.A. Clippers to his wife Shelly, who will negotiate a sale as ordered. “She has no plans to sue the NBA,” one anonymous source told the AP,  “she’s trying to make nice.” ESPN adds that while the league has not yet accepted the arrangement, “this could bring a startlingly quick end to what appeared to be a protracted legal battle.”

The NBA wants to make sure the Sterlings sell the team entirely, but there are still money concerns to be worked out:

Among the issues Shelly Sterling is considering, the source said, are the substantial tax obligations she would incur from the sale.

According to IRS rules, the Sterlings would have to pay a federal long-term capital-gains tax of 20 percent and a California tax of 13.3 percent. The tax would be on the difference between what the team was bought for and what it is ultimately sold for. If the team is sold for $1 billion, the Sterlings would be taxed $328.5 million on the sale.

But substantial progress has apparently been made since Donald’s latest batch of still-racist secret recordings, in which he said he’d fight the forced sale, and Shelly’s insistence that she wouldn’t give up that easily either. Along with ending this ordeal for everyone, let’s not forget, the Sterlings still stand to make piles of money.