Steve Ballmer addressed allegations of possible cap circumvention committed by the Los Angeles Clippers involving a Kawhi Leonard endorsement contract in a sit-down interview on Thursday with ESPN's Ramona Shelburne. Ballmer said Aspiration asked him to make an introduction to Leonard in November 2021, which was three months after the Clippers signed him to a four-year, $173 … [Read more...] about Steve Ballmer: Clippers Have ‘Always Done The Right Thing’
NBA Hires Law Firm To Investigate Kawhi Leonard Endorsement Deal
The NBA hired New York-based law firm Wachtell, Lipton, Rosen & Katz to investigate allegations that Kawhi Leonard's endorsement deal with a tree-planting company called Aspiration was made to circumvent the Los Angeles Clippers salary cap, sources told The Athletic. Pablo Torre originally reported that Leonard signed a four-year, $28 million deal with Aspiration that … [Read more...] about NBA Hires Law Firm To Investigate Kawhi Leonard Endorsement Deal
Kawhi Leonard Had Additional $20M Stock Deal With Aspiration Co-Founder
In addition to his $28 million endorsement contract with Aspiration, Kawhi Leonard allegedly also had a separate deal where he would receive an additional $20 million in company stock, reports John Karalis of Boston Sports Journal. The stock came from co-founder Joseph Sanberg's personal holdings in the company over four years and bring Leonard's promised compensation to $48 … [Read more...] about Kawhi Leonard Had Additional $20M Stock Deal With Aspiration Co-Founder
Mark Cuban Defends Steve Ballmer Against Cap Circumvention Allegations
Mark Cuban publicly defended Steve Ballmer following reports that the Los Angeles Clippers potentially circumvented salary cap rules through an endorsement deal with Kawhi Leonard. Cuban made his remarks on X, dismissing allegations that Ballmer orchestrated the scheme. The controversy stems from Pablo Torre's report regarding the Clippers' relationship with now-bankrupt … [Read more...] about Mark Cuban Defends Steve Ballmer Against Cap Circumvention Allegations
NBA Launching Investigation Into Possible Cap Circumvention By Clippers
The NBA is launching an investigation into allegations that Kawhi Leonard and the Los Angeles Clippers committed a salary cap circumvention violation. "We are aware of this morning's media report regarding the LA Clippers and are commencing an investigation," said NBA spokesman Mike Bass. Leonard allegedly received an endorsement deal worth $28 million over four years from a … [Read more...] about NBA Launching Investigation Into Possible Cap Circumvention By Clippers