Slate, Why the NBA’s Punishment Could Cost Donald Sterling More Than $100 Million
Sports Illustrated, Important Tax Law Considerations: Avoiding Capital Gain Taxes
Vox, The $200 Million Reason Donald Sterling Doesn't Want to Sell the Clippers — Capital Gains Taxes
Washington Post, What Donald Sterling Could Make If He’s Forced to Sell the Clippers
Forbes, How Clipper's Sterling Could (Maybe) Avoid a Tax Bill Today:
100 Million? 200 Million?
The SI article suggests a much higher amount...
For instance, if he sold the Clippers today for $1 billion, Sterling would pay capital gain taxes of 33 percent on a gain of $987.5 million. As a result, Sterling would owe Federal & state capital gain taxes of approximately $329 million.
Be kinda funny if Clippers won the title...
On FOX they were saying that any forced sale would be difficult since in California the wife owns 50%. On HLN they were screaming about banning the entire family from basketball and calling him a monster. It was kind of funny for a while to watch the hysterical talking heads rave on HLN but soon it became boring.
Spouses can make unlimited gifts to each other.
How could the NBA prohibit her from owning the team? It'd be war on women.
I think the NBA will have trouble with the wife. The wife should have Donald declared incompetent and take control of the team.