This dude is obviously a pretty terrible person, but it sounds like he's been a terrible person for quite some time now and been sued multiple times for it including the largest settlement involving rental discrimination in SoCal ever, or one of them. I guess the question is, and I'm sure David Silver is working on this right now, what can the NBA legally do to some old fucking racist team owner? Fine? Yes. But can they make him sell the team? That will be interesting to see, I just don't know how legally they can do that, but we'll find out I'm sure.
As far as the players go, I don't see them (Clippers) not playing hard because of this. They knew he was racist from his past actions, as did the entire NBA or anyone that is formally acquainted with him. Are people going to boycott his games? Some will, but most Clippers fans know about this stuff as well, since they are well associated with the team. It is obviously news to most people out there not deep into Clippers history, etc, but my guess is they won't be able to get him to sell the team. Is an illegally obtained recording admissible in court? (paging Fondy), because if they try to make him sell you know its going legal for sure.
It's disgusting that in this day in age people still think the way that they do, but lets not kid ourselves that racism isn't still very much out there, across all colors and ethnicities towards any variation of their own. Whites versus Blacks, Blacks versus Whites, so on and so forth. It's out there very much and will be for all of time. It's sad but true. It will be very interesting to see how this plays out.