Although the guy is a racist old bastard, I don't think the punishment should have been that extreme. I'm black, and definitely found the video to be disturbing, especially coming from the owner of an NBA team with black star players.
His "girlfriend" really ****ed him up. Those things he said were said in privacy, and confidence, and she had the nerve to send it to TMZ. The dude buys her exotic cars and a 1 million dollar house, and that's how ****ed up she acts?
I believe many rich old people think the way he does, and like him, won't say so in public; after all, he's lived during periods of racial discrimination and segregation and it's hard to skew his train of thought at his age.
With all that being said, I hope he and his girlfriend get what's coming to them.