AP Source: Shelly Sterling reviewing Clippers bids - CBS News 8 - San Diego, CA News Station - KFMB Channel 8

AP Source: Shelly Sterling reviewing Clippers bids

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FILE - In this Nov. 12, 2010 file photo, Los Angeles Clippers owner Donald T. Sterling, right, sits with his wife Shelly during the Clippers NBA basketball game against the Detroit Pistons in Los Angeles. (AP) FILE - In this Nov. 12, 2010 file photo, Los Angeles Clippers owner Donald T. Sterling, right, sits with his wife Shelly during the Clippers NBA basketball game against the Detroit Pistons in Los Angeles. (AP)

LOS ANGELES (AP) — Shelly Sterling is reviewing bids from five groups interested in buying the Los Angeles Clippers, and a deal could be struck before next week's owners meeting provided both she and her estranged husband Donald relinquish total ownership in the team.

A person with knowledge of the negotiations told The Associated Press on Wednesday if an agreement to sell is reached before next Tuesday, the league's owners wouldn't meet in New York to vote on terminating Donald Sterling's ownership. The individual wasn't authorized to speak publicly because the NBA is not commenting on the process.

The individual wouldn't specify the interested buyers, but says they are major players with considerable financial means. The person told the AP the sale price "appears to be increasing to an unbelievable number," and that it could soar past $1.5 to $2 billion, and possibly more.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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