Donald Sterling Signs Over Clippers to Wife Shelly

May 23, 2014— -- Donald Sterling has signed the Los Angeles Clippers over to his wife Shelly, a source close to the team confirmed today to ABC News.

Shelly Sterling, who previously shared ownership of the beleaguered NBA franchise with her estranged husband, is now in talks with the NBA over selling the team, the source said.

The NBA banned Donald Sterling for life from all league events after an audio tape became public that caught him on tape uttering racist comments to his assistant V. Stiviano. He told her not to post photos of herself with black people on Instagram -- such as Magic Johnson -- or bring them to his basketball games.

ESPN reports that Donald has agreed to allow Shelly to negotiate the sale.

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On Monday, ESPN reported that the NBA had charged Sterling with damaging the league with his racist comments and set a hearing for June 3, after which other team owners will vote to decide the future of his ownership of the Clippers.

Sterling initially planned to fight to retain ownership, but changed his mind this week, ESPN reported.

The NBA also said the banned owner has engaged in other conduct that has impaired its relationship with fans and merchandising partners.

Read full coverage of the Donald Sterling Scandal from ESPN.