It didn't take long for sponsors to start dumping the Clippers left and right. (Image via Wikipedia)

"CarMax finds the statements attributed to the Clippers' owner completely unacceptable," CarMax said in a statement according to CNN Money. "While we have been a proud Clippers sponsor for nine years and support the team, fans and community, these statements necessitate that CarMax end its sponsorship."

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State Farm, Virgin America, Red Bull, Sprint, Corona, Kia, AquaHydrate, LoanMart, Yokohama Tire Corporation, Amtrak and the Chumash Casino Resort also said they will be cutting ties with the team, although some have said their relationships with individual team players will not be affected.

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