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Sterling will die before NBA suit settled: O'Leary

Clippers V Lakers

Los Angeles Clippers owner Donald Sterling has a right to pursue his $1 billion federal lawsuit against the National Basketball Association, but the 80-year-old might not live to see the end result, millionaire businessman Kevin O'Leary told CNBC on Tuesday.

BofA retained to sell the Los Angeles Clippers

Bank Of America Building

Bank of America has been retained to sell the Los Angeles Clippers, whose owners face a June 3 deadline to reach a sale agreement or risk the team being taken from them by the National Basketball Association, two people with direct knowledge of the situation said.

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