But it's not really private property. It's not like they're taking away his house, or his yachts, or even his slum buildings. If it was his private property to do with as he pleases, he could move the franchise wherever he wants, whenever he wants. He could negotiate his own TV deals. He could name the franchise whatever he wants (that one would be interesting). But he can't do those things without league approval. It is not "property" to do with as he wishes when he buys it, as much as it is a franchise under the direction of a League power structure, including a Board of Governors. I do not pretend to be well-versed on the agreements that they sign to own a franchise under the auspices of the NBA or NFL or MLB (despite, you know, looking into it for all my extra billions

), but I imagine there are parameters in place.
Make no mistake about it, Sterling isn't being [Mark May]canned because he is a racist, he is being [Mark May]canned because he will cost the team and the league money as long as he is the owner, and will cause an employee revolt if he is the owner. It's the same as the BK example. No, it wouldn't be BK yanking a franchise because "they disagree", it would be because having a franchise owned by an avowed racist would likely cost them money, both at that location and in general. People are free to say and think what they want...but they are not guaranteed to be free from consequences, including financial ones, of that speech.