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(ESPN.com) -- Los Angeles Clippers owner Donald Sterling is battling cancer, sources have confirmed to ESPN.com.

The news was first reported by the New York Post.

The Post, citing sources, reported that the 80-year-old Sterling has been battling prostate cancer for an extended period of time.

Sterling was banned for life from the NBA and fined $2.5 million by commissioner Adam Silver earlier in the week after racist remarks he made were published by TMZ. Silver has urged the league's owners to force a sale of the Clippers, which they can do with approval from three-fourths of the league's 30 owners.

The league's advisory/finance committee held its first meeting about Sterling on Thursday. The 10-member committee said in a statement that it "unanimously agreed to move forward as expeditiously as possible" on the process of terminating Sterling's ownership and planned to reconvene next week.

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