Silver is banking on Sterling's relatively mild racist statements being considered failure to fulfill a contractual obligation. I am doubting that will stand up in court, but if so then the owners can force a sale of
the Clippers franchise because that is subject to League bylaws, just as McDonald's can force the sale of any McDonald's restaurant. If not, then they cannot force the sale of the Clippers team and Sterling could own exactly what he owns now, but it would be essentially worthless. Hopefully DVC weighs in here, but in my layman's experience "contractual obligation" means a specific, quantifiable obligation, of which "not be a dickhead" is not one.
Every sponsor has already abandoned Sterling. No NBA team would play the Clippers and it's arguable whether the players would even be bound by their existing contracts to play in a league no longer available to the Clippers. Frankly one would be better off being forced to sell a McDonald's restaurant because at least one would own a fast food restaurant, albeit one from which all McDonald's trademarked decor must be removed, even if one no longer owns the franchise because the relative loss of value would be much worse on an NBA team kicked out of the NBA.
Right now the Clippers are at their peak and this will no doubt start a bidding war which will inflate the value of the team, so Sterling's options are to sell the team at a huge profit or continue to hold the team and watch it's value plummet. There is zero chance of this blowing over, and it forms a very real threat to the NBA's main revenue streams. Therefore whether or not they can legally make Sterling sell, he's going to sell. Sterling can probably make a good case for reducing the $2.5 million fine to a $1 million fine based on the text of the contract, but the other owners do not have to legally have the right to force him to sell to force him to sell.
http://www.sbnation.com/nba/2014/4/...rling-suspension-la-clippers-sale-adam-silver