Phoenix Suns and Phoenix Mercury owner Robert Sarver has been suspended by the NBA for one year as a result of the league’s investigation into workplace culture within the Suns organization.

The report revealed the 60-year-old used the N-word at least five times “when recounting the statements of others;” made inappropriate sex-related comments about the physical appearance of women; made inappropriate physical contact toward men; and displayed demeaning and harsh treatment of employees, which included yelling and cursing at them.

The league also hit Sarver with a $10 million fine as a result of the findings.

“The statements and conduct described in the findings of the independent investigation are troubling and disappointing,” NBA commissioner Adam Silver said in a statement. “We believe the outcome is the right one, taking into account all the facts, circumstances and context brought to light by the comprehensive investigation of this 18-year period and our commitment to upholding proper standards in NBA workplaces.

“I am hopeful that the NBA community will use this opportunity to reflect on what this great game means to people everywhere and the values of equality, respect and inclusion that it strives to represent. Regardless of position, power or intent, we all need to recognize the corrosive and hurtful impact of racially insensitive and demeaning language and behavior. On behalf of the entire NBA, I apologize to all of those impacted by the misconduct outlined in the investigators’ report. We must do better.”

A story by ESPN.com last October pushed the NBA into action over the many accusations it contained. Sarver and the team denied most of the allegations, with Sarver saying the claims were “repugnant to my nature and to the character of the Suns/Mercury workplace and I can tell you they never, ever happened.”

The NBA said that Sarver cooperated fully with the investigation but was unaccepting of the one-year suspension and $10 million fine, sources told ESPN. Sarver will also reportedly work with the league to appoint an interim governor for the Suns.

“While I disagree with some of the particulars of the NBA’s report, I would like to apologize for my words and actions that offended our employees,” Sarver said in a statement on Tuesday. “I take full responsibility for what I have done. I am sorry for causing this pain, and these errors in judgment are not consistent with my personal philosophy or my values.

“I accept the consequences of the NBA’s decision. This moment is an opportunity for me to demonstrate a capacity to learn and grow as we continue to build a working culture where every employee feels comfortable and valued.”

According to the NBA, the investigation included interviews with 320 people and evaluation of over 80,000 documents.

As a result, Sarver is barred from entering any NBA or WNBA facility for a year and cannot attend board of governors meetings, represent his teams, influence any business or basketball decisions or attend any league events. Sarver must also complete a training program “focused on respect and appropriate conduct in the workplace.”