Donald Sterling’s $2.5 Million Fine Isn’t As Much As You Think It Is


Donald Sterling’s penalty is in: a lifetime ban from the NBA and a $2.5 million fine, the maximum league sanction, for the racist audio recording released last week. The NBA will also work to force him to sell the Los Angeles Clippers, the team he’s owned since 1981.

It’s a harsh punishment, no doubt. But let’s not kid ourselves about the $2.5 million. Sterling, after all, is reportedly worth $1.9 billion. According to a 2013 Credit Suisse report on global wealth, the median American is worth $44,911. In other words, a $2.5 million fine for Sterling is like a $59 fine for that middle-of-the-road American.

Also, a reminder: Donald Sterling bought the Clippers for $12.5 million. The team’s value is now at least $575 million; some think it’s worth more than $1 billion. We have a feeling he’ll come out of this just fine.

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You just sent an incredible message: that quality journalism doesn't have to answer to advertisers, billionaires, or hedge funds; that newsrooms can eke out an existence thanks primarily to the generosity of its readers. That's so powerful. Especially during what's been called a "media extinction event" when those looking to make a profit from the news pull back, the Mother Jones community steps in.

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