The lawsuit also said the league violated antitrust laws by trying to force a sale.
“I have decided that I must fight to protect my rights,” Mr Sterling said.
“While my position may not be popular, I believe that my rights to privacy and the preservation of my rights to due process should not be trampled.
“I love the team and have dedicated 33 years of my life to the organisation. I intend to fight to keep the team.”
Mr Sterling had agreed to ink the deal and drop the suit last week assuming “all their differences had been resolved”, his lawyer said.
But the AP new agency said he decided to not sign the papers after learning the NBA would not revoke its lifetime ban and fine.
“There was never a discussion involving the NBA in which we would modify Mr Sterling’s penalty in any way whatsoever. Any suggestion otherwise is complete fabrication,” NBA spokesman Mike Bass said.
Article Appeared @http://news.sky.com/story/1279381/donald-sterling-says-la-clippers-not-for-sale