NBA to investigate Kawhi Leonard-LA Clippers endorsement deal
Summary
The NBA is investigating if a $28 million endorsement deal between Kawhi Leonard and a company was used by the LA Clippers to bypass salary cap rules. The Clippers deny breaking any rules and say they welcome the investigation. This involves the company Aspiration, which has filed for bankruptcy, and a possible connection to Leonard through a separate company.Key Facts
- The NBA is investigating a $28 million endorsement deal involving Kawhi Leonard and a company called Aspiration.
- The investigation aims to find out if the LA Clippers used this deal to break salary cap rules.
- The Clippers deny any wrongdoing and are cooperating with the investigation.
- Aspiration filed for bankruptcy, and the Clippers were listed as a creditor for about $30 million.
- Kawhi Leonard is linked to a company called KL2 Aspire LLC, which was owed $7 million by Aspiration.
- Clippers owner Steve Ballmer invested $50 million in Aspiration, and the team had a $300 million partnership with the company.
- Aspiration's cofounder, Joseph Sanberg, pleaded guilty to fraud charges.
- The NBA can impose fines up to $7.5 million and other penalties if they find rules were broken.
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