California bans tax write-offs for pro sports fines

Spurred into action by the Donald Sterling case, California has banned professional team owners from writing off league fines, the Los Angeles Times reports.

Gov. Jerry Brown on Monday signed the ban into law.

Then-L.A. Clippers owner Sterling was fined $2.5 million by the NBA and forced to sell the team after a tape of his racists remarks surfaced.

Assembly member Raul Bocanegra said Monday the bill will "close this egregious loophole in the tax code. These fines are intended as punishments, and owners shouldn't be rewarded with multimillion-dollar tax refunds."

Read the full story in the Times here.

Steve Ballmer's LA Clippers vision
Steve Ballmer's LA Clippers vision