Sterling’s attorney, Max Blecher, confirmed that the suit would be dropped.
On Friday, Sterling filed an antitrust suit against the NBA, challenging the grounds on which they banned him from the league. On Tuesday, he told KNBC that he was ready to “move on” and said, “Everything is just the way it should be, really. It may have worked out differently, but it’s good. It’s all good.”
Sterling has owned the Clippers since 1981.
The sale still needs to be approved by the NBA Board of Governors.