NEW YORK (
TheStreet) -- Donald Sterling, the Los Angeles Clippers owner barred for life on Tuesday from the National Basketball Association, apparently has no plans to apologize for alleged racist remarks captured on an audio recorder, or sell the team.
Sterling's intransigence comes after up to 12 team sponsors said earlier this week that they were suspending or terminating sponsorships with the Clippers following the leaked of the recording by the website TMZ, a unit of Time Warner (TWX).
The first sponsor to cut tied with Sterlings' Clippers was national auto dealership CarMax (KMX). CarMax said the comments attributed to Sterling are in "direct conflict" with its culture of respect for all individuals.
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