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Sterling could be facing a bigger financial hit
http://www.slate.com/blogs/moneybox/...0_million.html
"Let’s run through some quick back of the envelope calculations. By all accounts, the Clippers are far more valuable today than when Sterling bought them in 1981 for $12.5 million. According to the Wall Street Journal, insiders think he could “easily fetch $700 million or more from the sale.” So let’s assume, for the sake of argument, that he makes a full $700 million profit. The federal capital gains rate for high earners is 20 percent, while California’s state rate is 13.3 percent. That’s a $233 million tax bill, leaving $467 million behind."
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