Embattled Clippers owner Donald Sterling has agreed to turn over his stake in the basketball team to his wife Shelly, who is negotiating a sale with the NBA.
Donald Sterling agreed this week to transfer his half of the basketball team to Shelly Sterling, a source said. Shelly Sterling will negotiate with the NBA on her terms, the source said.
The story was first reported by TMZ.com.
Donald Sterling is facing increased pressure to sell the team, which he purchased in 1981.
The NBA this week formally filed charges to end Sterling's ownership of the Clippers, giving Donald Sterling five days -- until next Tuesday -- to respond.
A hearing with the NBA Board of Governors was set for June 3.
The NBA banned Donald Sterling for life from the league following the release of audio tape that captured the Clippers owner making disparaging remarks about African-Americans.
On Tuesday, NBA Commissioner Adam Silver urged the Clippers owner to sell.
Although Shelly and Donald Sterling co-own equal shares of the team in a family trust, Donald is the only one approved by the Board of Governors as a controlling member.
It's unclear how the NBA will react to Donald Sterling's move to transfer ownership. Ownership changes have to be approved by the league's Board of Governors.
Shelly Sterling had previously said through various statements released by her representatives -- as well as an interview with ABC's Barbara Walters -- that she intended to fight for her stake in the team regardless of what happened to her husband.