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Richard Parsons named interim CEO of the Los Angeles Clippers

Stephon Johnson | 5/9/2014, 4:30 p.m.
NBA Commissioner Adam Silver announcing a lifetime ban for LA Clippers owner Donald Sterling. No contact with the organization or anything that spells NBA. Photo by Bill Moore

The story's far from over, but National Basketball Association Commissioner Adam Silver has worked quickly to erase Donald Sterling's presence from the league.

Silver has named Richard Parsons the interim Chief Executive Officer of the Los Angeles Clippers. Earlier this week, as to not complicate things with whoever became CEO, Clippers President Andy Roeser took an indefinite leave of absence.

Silver released a statement championing his latest move.

“I believe the hiring of Dick Parsons will bring extraordinary leadership and immediate stability to the Clippers organization,” said. “Dick’s credentials as a proven chief executive speak for themselves and I am extremely grateful he accepted this responsibility.”

Parsons, also in a statement, spoke about his reaction to Sterling's racist comments recorded by his mistress V. Stiviano, his love of basketball and praised current Clippers Head Coach Doc Rivers.

"Like most Americans, I have been deeply troubled by the pain the Clippers’ team, fans and partners have endured," said Parsons in a statement. "A lifelong fan of the NBA, I am firmly committed to the values and principles it is defending, and I completely support Adam’s leadership in navigating the challenges facing the team and the league. The Clippers are a resilient organization with a brilliant coach and equally talented and dedicated athletes and staff who have demonstrated great strength of character during a time of adversity.

"I am honored to be asked to work with them, build on their values and accomplishments, and help them open a new, inspiring era for their team," Parsons concluded.

A Brooklyn native, Parsons played college basketball at the University of Hawaii. After school, he became a lawyer and a political aide who worked with everyone from former New York State Gov. Nelson Rockefeller to former presidents Gerald Ford and George W. Bush to former New York City Mayors Rudolph Giuliani and Michael Bloomberg. Parsons is also a former chairman and CEO at Dime Bancorp, Time Warner and Citigroup. He's also served as a economic adviser to President Barack Obama.

Currently, Parsons is the senior adviser at Providence Equity Partners and served as a board member for the Commission on Presidential Debates.