NBA picks Dick Parsons as interim Clippers CEO

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NBA picks Dick Parsons as interim Clippers CEO
Los Angeles Clippers owner Donald Sterling, right, and V. Stiviano, left, watch the Clippers play the Los Angeles Lakers during an NBA preseason basketball game in Los Angeles on Monday, Dec. 19, 2011. The NBA is investigating a report of an audio recording in which a man purported to be Sterling makes racist remarks while speaking to Stiviano. NBA spokesman Mike Bass said in a statement Saturday, April 26, 2014, that the league is in the process of authenticating the validity of the recording posted on TMZ's website. Bass called the comments "disturbing and offensive." (AP Photo/Danny Moloshok)
Citigroup chief executive officer Richard Parsons listens as President Barack Obama, not pictured, addresses Business Roundtable, an association of chief executive officers of leading U.S. companies, at a hotel in Washington, Thursday, March 12, 2009. (AP Photo/Charles Dharapak)
Los Angeles Clippers owner Donald Sterling attends the NBA playoff game between the Clippers and the Golden State Warriors, April 21, 2014 at Staples Center in Los Angeles, California. NBA Commissioner Adam Silver said April 26 that the NBA is investigating Sterling for alleged racist comments. AFP PHOTO / ROBYN BECK (Photo credit should read ROBYN BECK/AFP/Getty Images)
AOL/Time Warner CEO Dick Parsons helps announce a new partnership to produce "Showtime at the Apollo" variety show Wednesday, Aug. 21, 2002, in New York's Harlem neighborhood. Earlier Wednesday, AOL Time Warner Inc. announced it is buying out AT&T Corp.'s stake in their cable television, moviemaking and programming partnership for an estimated $8.5 billion to $9 billion.(AP Photo/Beth A. Keiser)
LOS ANGELES, CA - APRIL 1: Los Angeles Clippers owner, Donald Sterling and Rochelle Sterling, attend a game against the Indiana Pacers at Staples Center on April 1, 2013 in Los Angeles, California. 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. Mandatory Copyright Notice: Copyright 2013 NBAE (Photo by Andrew D. Bernstein/NBAE via Getty Images)
LOS ANGELES, CA - FEBRUARY 13: Chris Paul #3 of the Los Angeles Clippers tosses a basketball to team owner Donald Sterling during a game against the Houston Rockets at Staples Center on February 13, 2013 in Los Angeles, California. 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. Mandatory Copyright Notice: Copyright 2013 NBAE (Photo by Noah Graham/NBAE via Getty Images)
In this photo taken on Friday, Oct. 25, 2013, Los Angeles Clippers owner Donald Sterling, right, and V. Stiviano, left, watch the Clippers play the Sacramento Kings during the first half of an NBA basketball game in Los Angeles. The NBA is investigating a report of an audio recording in which a man purported to be Sterling makes racist remarks while speaking to Stiviano. NBA spokesman Mike Bass said in a statement Saturday, April 26, 2014, that the league is in the process of authenticating the validity of the recording posted on TMZ's website. Bass called the comments "disturbing and offensive." (AP Photo/Mark J. Terrill)
In this photo taken on Friday, Oct. 25, 2013, Los Angeles Clippers owner Donald Sterling, center, and V. Stiviano, right, watch the Clippers play the Sacramento Kings during the first half of an NBA basketball game, in Los Angeles. The NBA is investigating a report of an audio recording in which a man purported to be Sterling makes racist remarks while speaking to Stiviano. NBA spokesman Mike Bass said in a statement Saturday, April 26, 2014, that the league is in the process of authenticating the validity of the recording posted on TMZ's website. Bass called the comments "disturbing and offensive." (AP Photo/Mark J. Terrill)
FILE - In this Oct. 17, 2010 file photo, Los Angeles Clippers team owner Donald Sterling watches his team play in Los Angeles. A jury has returned a $17.3 million verdict against Sterling in a lawsuit by an actress who lost most of her belongings in a fire at a West Hollywood apartment building he owns. City News Service says the jury awarded $15 million in punitive damages to Robyn Cohen on Tuesday, Dec. 17, 2012, in her breach-of-contract and emotional distress lawsuit. (AP Photo/Mark J. Terrill, File)
Los Angeles Clippers owner Donald Sterling, center, and V. Stiviano, left, watch the Clippers play the Los Angeles Lakers during an NBA preseason basketball game in Los Angeles on Monday, Dec. 19, 2011. NBA spokesman Mike Bass said in a statement Saturday, April 26, 2014, that the league is in the process of authenticating the validity of the recording posted on TMZ's website. Bass called the comments "disturbing and offensive." (AP Photo/Danny Moloshok)
Los Angeles Clippers owner Donald T. Sterling, center, sits with his wife Rochelle during the second half of their NBA basketball game, Wednesday, Jan. 5, 2011, in Los Angeles. The Clippers won 106-93. (AP Photo/Mark J. Terrill)
Los Angeles Clippers owner Donald Sterling attends the NBA basketball game between the San Antonio Spurs and Los Angeles Clippers in Los Angeles on Monday, March 2, 2009. (AP Photo/Danny Moloshok)
Los Angeles Clippers owner Donald T. Sterling, right, sits with his wife Rochelle during the Clippers NBA basketball game against the Detroit Pistons, Friday, Nov. 12, 2010, in Los Angeles. The Pistons won 113-107.(AP Photo/Mark J. Terrill)
Los Angeles Clippers owner Donald Sterling and his wife Rochelle look on during the second half in Game 3 of an NBA basketball playoffs Western Conference semifinal against the San Antonio Spurs, Saturday, May 19, 2012, in Los Angeles. The Spurs won 96-86. (AP Photo/Mark J. Terrill)
Los Angeles Clippers owner Donald T. Sterling, right, sits with his wife Rochelle during the first half of the Clippers' NBA basketball game against the Houston Rockets, Wednesday, Feb. 13, 2013, in Los Angeles. (AP Photo/Mark J. Terrill)
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NEW YORK (AP) - The NBA has chosen Dick Parsons, a former Citigroup chairman and former Time Warner chairman and CEO, as interim CEO of the Los Angeles Clippers.

Parsons will oversee the franchise while the league tries to force owner Donald Sterling to sell it following his lifetime ban for making racist remarks.

NBA Commissioner Adam Silver said Friday in a statement that Parsons "will bring extraordinary leadership and immediate stability to the Clippers organization."

"Dick's credentials as a proven chief executive speak for themselves and I am extremely grateful he accepted this responsibility," Silver added.

With Sterling banned from anything to do with the team or league, and team President Andy Roeser on an indefinite leave of absence, the league and Clippers worked together to find someone to lead the organization along with coach Doc Rivers.

"Like most Americans, I have been deeply troubled by the pain the Clippers' team, fans and partners have endured," Parsons said. "A lifelong fan of the NBA, I am firmly committed to the values and principles it is defending, and I completely support Adam's leadership in navigating the challenges facing the team and the league."

Parsons is currently a senior advisor at Providence Equity Partners and sits on the board of directors for the Commission on Presidential Debates. He has also been on President Barack Obama's economic advisory team.

A graduate of the University of Hawaii, Parsons earned a law degree from Albany Law School in 1971 and became a staff lawyer for New York Governor Nelson Rockefeller. He moved to Washington when Rockefeller was appointed vice president, and also worked closely with President Gerald Ford.

Parsons left the legal field in 1988 to become president, then chairman and CEO of Dime Bancorp, Inc. He was Time Warner chairman and CEO from 2002-08, then chairman of Citigroup from 2009-12.

He will represent the franchise in owners meetings while the league tries to work out the team's ownership situation.

A three-fourths vote of owners is required to force Sterling to sell the team he has owned since 1981. His estranged wife, Shelly, wants to keep her 50 percent ownership stake in the team, her lawyer said Thursday, and Silver said so far the ban only applies to Donald Sterling.

While that potential fight goes on, the Clippers are trying to stay focused on the playoffs following their most successful regular season ever. They are tied with the Oklahoma City Thunder entering Game 3 of their Western Conference semifinal series.

"The Clippers are a resilient organization with a brilliant coach and equally talented and dedicated athletes and staff who have demonstrated great strength of character during a time of adversity," Parsons said. "I am honored to be asked to work with them, build on their values and accomplishments, and help them open a new, inspiring era for their team."

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