NBA picks former Citigroup, Time Warner chairman Dick Parsons as interim CEO of Clippers

  • Article by: BRIAN MAHONEY , Associated Press
  • Updated: May 9, 2014 - 8:30 PM

NEW YORK — Dick Parsons is hoping for a short stint running the Los Angeles Clippers, though he's ready to stay on as long as it takes.

Moving the franchise away from Donald Sterling and to new ownership might require a lengthy fight, but it's one Parsons thinks is worthwhile.

"This is an issue that's actually bigger than just the Clippers, bigger than just the NBA in my judgment," Parsons said. "The whole world is kind of watching how, frankly, we as a country navigate our way through this crisis. So if I can help, I'm happy to try."

The NBA chose Parsons, the 66-year-old former Citigroup chairman and former Time Warner chairman and CEO, as interim CEO of the Clippers on Friday.

"I think it's a very good hire for us," said Doc Rivers, Clippers coach and senior vice president of basketball operations.

Parsons will oversee the management of the franchise and represent it at owners meetings while the league tries to force Sterling to sell following his lifetime ban for making racist remarks.

With Sterling barred 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 Rivers, who has spoken with Parsons a couple times.

"They've done a great job," Rivers said. "I trust the league in this so well. They're smarter than me in this. I don't have a lot to say, to be honest, and it's because I don't think I should have a lot to say in it."

Parsons, who is black, met with Commissioner Adam Silver on Monday and accepted the position Thursday. He had gotten to know Silver, then the deputy commissioner, when Time Warner owned the Atlanta Hawks, and he supports what Silver is trying to do now in his first crisis since replacing David Stern in February.

"He's a good man and he's trying to do the right thing and he's trying to do it in the right way, and he could use some help," Parsons said during a phone interview.

Parsons is currently a senior adviser 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, where he played basketball, 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.

Silver said 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.

The owners' advisory/finance committee has already held two conference calls since Silver banned Sterling, fined him $2.5 million and said he would urge owners to force Sterling to sell the franchise he has owned since 1981.

That would require Sterling to be charged with violating the league's constitution and bylaws, followed by a three-fourths vote of owners after a hearing. Sterling's 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.

Parsons said he wouldn't be involved in an ownership fight and hopes one won't even be necessary, that "cooler heads and rationality" would allow the NBA and the Clippers to work through the turmoil without a legal battle. He doesn't know how long that could take.

"I know the NBA would love to get this done before the next season begins, but who knows what's going to happen? It's open ended," Parsons said.

"We're here until sort of we can work our way through the point of transition."

  • get related content delivered to your inbox

  • manage my email subscriptions

ADVERTISEMENT

Kansas City - J. Vargas 7:07 PM
San Francisco - R. Vogelsong
Detroit 10/26/14 8:30 AM
Atlanta
Buffalo 10/26/14 12:00 PM
NY Jets
St. Louis 10/26/14 12:00 PM
Kansas City
Houston 10/26/14 12:00 PM
Tennessee
Minnesota 10/26/14 12:00 PM
Tampa Bay
Seattle 10/26/14 12:00 PM
Carolina
Baltimore 10/26/14 12:00 PM
Cincinnati
Miami 10/26/14 12:00 PM
Jacksonville
Chicago 10/26/14 12:00 PM
New England
Philadelphia 10/26/14 3:05 PM
Arizona
Oakland 10/26/14 3:25 PM
Cleveland
Indianapolis 10/26/14 3:25 PM
Pittsburgh
Green Bay 10/26/14 7:30 PM
New Orleans
Washington 10/27/14 7:30 PM
Dallas
New Orleans 10/30/14 7:25 PM
Carolina
Buffalo 2 3rd Prd 1:38
San Jose 1
Boston 6:00 PM
Toronto
NY Rangers 6:00 PM
Montreal
New Jersey 6:00 PM
Ottawa
Dallas 6:00 PM
NY Islanders
Detroit 6:00 PM
Philadelphia
Chicago 7:00 PM
St. Louis
Pittsburgh 7:00 PM
Nashville
Tampa Bay 7:00 PM
Minnesota
Florida 8:00 PM
Arizona
Washington 9:00 PM
Calgary
So Florida 17 FINAL
Cincinnati 34
Troy 13 FINAL
South Alabama 27
BYU 30 FINAL
Boise State 55
(6) Oregon 59 FINAL
California 41
North Texas 21 FINAL
Rice 41
UAB 17 FINAL
Arkansas 45
Rutgers 24 FINAL
(16) Nebraska 42
Maryland 7 FINAL
Wisconsin 52
Texas 0 FINAL
(11) Kansas State 23
Minnesota 24 FINAL
Illinois 28
Memphis 48 FINAL
SMU 10
North Carolina 28 FINAL
Virginia 27
San Jose St 31 FINAL
Navy 41
Northern Ill 28 FINAL
Eastern Mich 17
(25) UCLA 40 FINAL
Colorado 37
Akron 21 FINAL
Ball State 35
Massachusetts 35 FINAL
Toledo 42
Ohio U 21 FINAL
Western Mich 42
Ga Southern 69 FINAL
Georgia State 31
Kent State 3 FINAL
Miami-Ohio 10
Oregon State 7 4th Qtr 7:51
Stanford 38
Fla Atlantic 16 4th Qtr 11:13
(23) Marshall 28
Louisiana Tech 24 4th Qtr 7:01
Southern Miss 13
(1) Miss State 31 3rd Qtr 1:39
Kentucky 24
Georgia Tech 42 4th Qtr 11:22
Pittsburgh 21
(22) West Virginia 20 4th Qtr 8:53
Oklahoma State 10
Texas Tech 20 3rd Qtr 9:41
(10) TCU 54
Michigan 3 4th Qtr 12:18
(8) Michigan State 28
Boston College 23 4th Qtr 3:36
Wake Forest 17
Central Mich 20 4th Qtr 3:04
Buffalo 14
Vanderbilt 7 3rd Qtr 2:27
Missouri 17
Old Dominion 44 3rd Qtr 7:00
Western Ky 49
UNLV 13 3rd Qtr 5:53
Utah State 27
Temple 14 2nd Qtr 6:19
UCF 24
(15) Arizona 7 1st Qtr 10:50
Washington St 0
Texas-El Paso 6:00 PM
TX-San Antonio
Wyoming 6:00 PM
Colorado State
Syracuse 6:00 PM
(21) Clemson
Texas State 6:00 PM
ULM
(3) Ole Miss 6:15 PM
(24) LSU
(4) Alabama 6:30 PM
Tennessee
So Carolina 6:30 PM
(5) Auburn
(13) Ohio State 7:00 PM
Penn State
(20) USC 9:00 PM
(19) Utah
(14) Arizona State 9:45 PM
Washington
Nevada 10:59 PM
Hawaii
(2) Florida State 10/30/14 6:30 PM
Louisville
Troy 10/30/14 6:30 PM
Ga Southern
Cincinnati 10/31/14 7:00 PM
Tulane
Tulsa 10/31/14 7:00 PM
Memphis
Purdue 11/1/14 2:00 AM
(16) Nebraska
(17) Oklahoma 11/1/14 2:00 AM
Iowa State
Oklahoma State 11/1/14 2:00 AM
(11) Kansas State
(10) TCU 11/1/14 2:00 AM
(22) West Virginia
Texas 11/1/14 2:00 AM
Texas Tech
Northwestern 11/1/14 2:00 AM
Iowa
Maryland 11/1/14 2:00 AM
Penn State
Air Force 11/1/14 10:30 AM
Army
ULM 11/1/14 11:00 AM
Texas A&M
Duke 11/1/14 11:00 AM
Pittsburgh
Wisconsin 11/1/14 11:00 AM
Rutgers
Rice 11/1/14 11:00 AM
FIU
(18) East Carolina 11/1/14 11:00 AM
Temple
UCF 11/1/14 11:00 AM
Connecticut
Boston College 11/1/14 11:30 AM
Virginia Tech
North Carolina 11/1/14 11:30 AM
Miami-Florida
Washington 11/1/14 12:00 PM
Colorado
Central Mich 11/1/14 12:00 PM
Eastern Mich
Western Mich 11/1/14 1:30 PM
Miami-Ohio
Western Ky 11/1/14 2:00 PM
Louisiana Tech
NC State 11/1/14 2:00 PM
Syracuse
Texas State 11/1/14 2:00 PM
New Mexico St
Virginia 11/1/14 2:30 PM
Georgia Tech
BYU 11/1/14 2:30 PM
Middle Tennessee
Indiana 11/1/14 2:30 PM
Michigan
Florida 11/1/14 2:30 PM
(9) Georgia
Georgia State 11/1/14 2:30 PM
Appalachian St
Kentucky 11/1/14 3:00 PM
Missouri
Kansas 11/1/14 3:00 PM
(12) Baylor
Houston 11/1/14 3:00 PM
So Florida
(20) USC 11/1/14 3:30 PM
Washington St
Arkansas State 11/1/14 4:00 PM
Idaho
South Alabama 11/1/14 4:00 PM
Louisiana
New Mexico 11/1/14 4:30 PM
UNLV
UAB 11/1/14 6:00 PM
Fla Atlantic
(5) Auburn 11/1/14 6:00 PM
(3) Ole Miss
Arkansas 11/1/14 6:00 PM
(1) Miss State
Old Dominion 11/1/14 6:00 PM
Vanderbilt
Colorado State 11/1/14 6:00 PM
San Jose St
Stanford 11/1/14 6:30 PM
(6) Oregon
Tennessee 11/1/14 6:30 PM
So Carolina
Southern Miss 11/1/14 7:00 PM
Texas-El Paso
(7) Notre Dame 11/1/14 7:00 PM
Navy
Illinois 11/1/14 7:00 PM
(13) Ohio State
(15) Arizona 11/1/14 9:30 PM
(25) UCLA
California 11/1/14 9:30 PM
Oregon State
San Diego St 11/1/14 9:30 PM
Nevada
Wyoming 11/1/14 9:45 PM
Fresno State
(19) Utah 11/1/14 10:00 PM
(14) Arizona State
Utah State 11/1/14 10:00 PM
Hawaii
Los Angeles 0 FINAL
Seattle 2
D.C. 1 FINAL
Montreal 1
Toronto FC 6:30 PM
New England
Portland 7:30 PM
FC Dallas
Colorado 9:00 PM
Vancouver FC
Montreal 23 FINAL
Ottawa 17
Saskatchewan 27 FINAL
Calgary 40
Hamilton 21 14:30
Toronto 15
Brt Columbia 6:00 PM
Winnipeg
Hamilton 10/31/14 6:30 PM
Ottawa
Winnipeg 11/1/14 3:00 PM
Calgary
Brt Columbia 11/1/14 6:00 PM
Edmonton
Toronto 11/2/14 11:00 AM
Montreal
Connect with twitterConnect with facebookConnect with Google+Connect with PinterestConnect with PinterestConnect with RssfeedConnect with email newsletters

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

question of the day

Poll: Which local team are you currently most excited about?

Weekly Question

ADVERTISEMENT

ADVERTISEMENT

 
Close