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State Farm To 'Pause' Clippers Sponsorship After Sterling Remarks

AP Photo / Danny Moloshok

The severance is particularly notable because the Clippers star point guard Chris Paul is a leading spokesperson for State Farm.

UPDATE: 2:10 p.m. ET

State Farm issued the following statement to CNBC:

State Farm strongly supports and respects diversity and inclusion in its workforce and customers. The remarks attributed to the Clippers’ owner are offensive. While those involved sort out the facts, we will be taking a pause in our relationship with the organization. We are monitoring the situation and we’ll continually asses our options. We have a great relationship with Chris Paul and will continue supporting the Born to Assist advertising campaign involving Chris and now other NBA players.