The NBA suspended Sarver for one year for workplace misconduct earlier this month.
"Words that I deeply regret now overshadow nearly two decades of building organizations that brought people together — and strengthened the Phoenix area — through the unifying power of professional men's and women's basketball,""For those reasons, I am beginning the process of seeking buyers for the Suns and Mercury," he added.
"I do not want to be a distraction to these two teams and the fine people who work so hard to bring the joy and excitement of basketball to fans around the world. I want what's best for these two organizations, the players, the employees, the fans, the community, my fellow owners, the NBA and the WNBA. This is the best course of action for everyone.
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