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How subpar teams keep raking in the dough

By Peter Keating

Thursday, May 21, 2009

After winning the NBA lottery on Tuesday, Donald Sterling's Los Angeles Clippers will have the first pick in next month's draft. But here's when Sterling really hit the jackpot: back in 1981, when he bought the Clips for $12.7 million and joined the exclusive club known as America's sports owners. Owners love to complain about their plight -- "I'm spending my own money to build a stadium! Players' salaries are out of control! I'm losing millions of dollars a year!" And at the moment, it's t ...

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