Donald Sterling's lawyer announced on Wednesday, June 4, 2014, that Sterling has agreed to sell the Los Angeles Clippers for $2 billion to Steve Ballmer. 
 
 Donald Sterling officially announced Wednesday that he, the NBA and his estranged wife Shelly have agreed to sell the Los Angeles Clippers to Steve Ballmer for $2 billion and various additional benefits, Sterling's lawyer told NBC News. 
 
 All disputes and outstanding issues have been resolved, and the $1 billion lawsuit against the NBA Sterling filed last week has been dropped, Sterling's lawyer Bobby Samini told NBC News. 
 
 Sterling told NBC4 in an exclusive interview on Tuesday he was ready to "move on" from the team. 
 
 "I feel fabulous, I feel very good. Everything is just the way it should be, really. It may have worked out differently, but it's good. It's all good," Sterling said. 
 
 A vote by the NBA Board of Governors will be needed to finalize the sale. 
 
 Last week, the league announced that it had canceled a hearing to oust Sterling, instead moving forward to vote on the deal negotiated by his wife to sell the team. The move came on the same day Sterling's attorneys filed suit in a Los Angeles federal court against the NBA and Silver, asking for damages in excess of $1 billion. 
 
 Silver fined Sterling $2.5 million and banned him for life from the league after an audio recording surfaced in which Sterling told companion V. Stiviano not to bring black people to Clippers games. ||||| "Outside the Lines" shares revealing depositions from past discrimination cases against Clippers owners Donald and Shelly Sterling -- cases some say should have prompted the NBA to take action years ago. (6:59) 
 
 Banned owner Donald Sterling has approved the sale of the Los Angeles Clippers to former Microsoft CEO Steve Ballmer and won't pursue further legal action related to the transaction, his attorney told ESPN.com's Ramona Shelburne in an email Wednesday. 
 
 Max Blecher said Donald Sterling had settled with wife Shelly regarding the sale and that the NBA agreed to not sue him for anything a day after Sterling, in an interview with NBC4 during a charity function, said he was ready to "move on." 
 
 "I feel fabulous, I feel very good," Sterling told NBC4 on Tuesday night when asked how he felt about his wife selling the team. "Everything is just the way it should be, really. It may have worked out differently, but it's good. It's all good." 
 
 Donald Sterling -- who had yet to sign anything as of Wednesday night, a source told ESPN.com -- sued the NBA on Friday seeking $1 billion in damages but will withdraw that suit, Blecher said. Commissioner Adam Silver also was named as a defendant in the lawsuit. 
 
 The source said the expectation is that Sterling will officially sign off on the sale, and that his people -- Blecher included -- are encouraging him to do so. 
 
 "I'm OK, I'm OK," Sterling said Tuesday. "Is the NBA OK? I'm not sure about that. Is Adam Silver OK? I'm sure he's OK." 
 
 Once the NBA approved Ballmer's bid to buy the Clippers on Friday, a hearing to determine Donald Sterling's future was canceled. Instead, the NBA Board of Governors will vote on the deal agreed upon by Shelly Sterling and Ballmer, who bid $2 billion for the team. 
 
 Donald Sterling will still be banned from the NBA for life, a source told ESPN.com. 
 
 Shelly Sterling, as part of a settlement with the league and a condition of the sale to Ballmer, had indemnified the NBA against future legal action by her husband, essentially meaning that even if he won his lawsuit, the Sterling family trust -- which she controlled after Donald Sterling was found by neurologists to be mentally incapacitated -- would pay the damages. 
 
 The NBA has set no timetable for a vote to approve Ballmer, but he is expected to easily be accepted by three-fourths of the other 29 owners.
– Instead of unleashing a legal battle his lawyer likened to "World War III," Donald Sterling has decided to just sell the Los Angeles Clippers for a massive profit. His lawyer says Sterling has approved the sale of the team to Steve Ballmer for $2 billion and will drop a $1 billion lawsuit against the NBA, reports ESPN. The price tag is 160 times the $12.5 million Sterling paid for the team in 1980 and is nearly four times more than an NBA team has ever been sold for before, notes the Los Angeles Times. With his ownership of the team nearly at an end, it doesn't sound like Sterling will be crying on his way to the bank. The 80-year-old, who remains banned for life from the NBA, tells NBC 4 that he is ready to "move on" from the team. "I feel fabulous, I feel very good," he says. "Everything is just the way it should be, really. It may have worked out differently, but it's good. It's all good."