Report: Justice Dept. Investigating Clippers’ Dealings with Kawhi Leonard
Prosecutors are examining whether secret sponsorship deals helped Leonard receive compensation beyond his salary cap limit, after the NBA fined the Clippers $30 million.
- Federal prosecutors in Brooklyn have launched a criminal investigation into the Los Angeles Clippers for allegedly circumventing the NBA's salary cap to compensate star player Kawhi Leonard, The New York Times reported Thursday.
- The NBA's earlier investigation by law firm Wachtell, Lipton, Rosen & Katz found the team used phony endorsement deals to funnel money to Leonard, leading to the league stripping the Clippers of five future first-round draft picks.
- Commissioner Adam Silver imposed a $30 million fine on the Clippers, suspended owner Steve Ballmer for one year, and ordered Leonard to pay $700,000 in restitution for improper benefits received.
- Scoreboard company Daktronics disclosed earlier this month that the Securities and Exchange Commission contacted them regarding dealings with Leonard, while federal authorities have issued at least one subpoena.
- Leonard blamed "people within my inner circle" for the situation, while a proposed trade to the Toronto Raptors remains on hold and the Clippers plan to challenge the NBA's findings.
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56 Articles
LA Clippers Hit With Federal Probe Over Kawhi Leonard Salary-Cap Case
LA Clippers are facing increased scrutiny over their dealings involving Kawhi Leonard. Federal prosecutors are reportedly examining whether the team circumvented NBA salary cap rules. The reported federal probe comes shortly after the league imposed major penalties. Federal prosecutors are reportedly examining the Clippers’ dealings involving Kawhi Leonard Federal prosecutors have reportedly launched a federal […]
The Los Angeles Clippers is the target of a federal criminal investigation on suspicion of using a sponsorship contract to pay Kawhi Leonard out and mock the salary ceiling of the NBA. The information was published this Thursday by The New York Times, which heard people familiar with the case. NBA announces severe punishments to the LA Clippers for violation of the salary ceiling in the hiring of the star Kawhi Leonard The investigation is condu…
The Kawhi Leonard case is taking on dimensions that go beyond the NBA The post Clippers in the FBI's sights appeared first on in.gr.
Federal Prosecutors Reportedly Probe Clippers Over Leonard Deals
Federal prosecutors have opened a criminal investigation in Brooklyn into whether the Los Angeles Clippers secretly arranged endorsement deals to circumvent the NBA salary cap, a probe that follows the league’s $30 million penalty, loss of five first-round picks, and ballpark suspensions for owner Steve Ballmer. While at least one subpoena has been issued and details remain unclear, the case is unfolding alongside ongoing NBA sanctions and prior…
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