NBA investigating second Kawhi Leonard endorsement deal: report
The league is also reviewing a second endorsement deal and possible expense payments as the Raptors wait to finalize the trade.
- The NBA's ongoing investigation into the Los Angeles Clippers has stalled the trade sending Kawhi Leonard to the Toronto Raptors, with both teams announcing on July 9 that they must wait for league findings.
- Initially, the probe focused on a $28 million endorsement contract between Leonard and Aspiration, which critics alleged circumvented salary cap rules; the Clippers denied wrongdoing, asserting they were victims of fraud by Joseph Sandberg.
- Mike Vorkunov of The Athletic reported Tuesday that the NBA has expanded its inquiry to include a second endorsement deal, while investigators also examine whether the Clippers improperly covered expenses for Leonard.
- Toronto Raptors management confirmed they would assume the risk of penalties related to Leonard's contract to finalize the trade, though they remain in a holding pattern awaiting the league's findings.
- The investigation led by Wachtell Lipton should conclude in the coming weeks, though NBA Commissioner Adam Silver is not expected to issue a ruling during his upcoming Summer League appearance.
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NBA investigating second Kawhi Leonard endorsement deal: report
The Kawhi Leonard investigation may be wider than previously known. A second endorsement deal has come under the microscope as part of the NBA’s probe, The Athletic’s Mike Vorkunov reported on Tuesday. The Leonard investigation was previously thought to be solely centred on a no-show endorsement deal with Aspiration, an environmental bank. However, a second […]
NBA Investigation Into Kawhi Leonard Expands With Potential 2nd Undisclosed Endorsement Deal
The investigation into Kawhi Leonard and the Los Angeles Clippers has expanded in scope. Not only has Wachtell Lipton investigated whether there was a possible cap circumvention through a sponsorship deal with Aspiration, but also the possibility of improperly covered expenses by the Clippers for Leonard and a previously unreported endorsement deal with another company. The Clippers agreed to trade Leonard to the Toronto Raptors in June, but tha…
NBA is investigating another Kawhi Leonard sponsorship deal
Feb 26, 2020; Phoenix, Arizona, USA; Los Angeles Clippers forward Kawhi Leonard (2) against the Phoenix Suns at Talking Stick Resort Arena. Mandatory Credit: Mark J. Rebilas-USA TODAY Sports The NBA’s investigation into a potentially fraudulent Kawhi Leonard sponsorship deal has expanded to look into multiple suspicious issues. The NBA has investigated whether Leonard had a second previously unreported endorsement deal with another company, acco…
Clippers-Kawhi Leonard Ruling To Come After Summer League
The status of the Kawhi Leonard trade to the Toronto Raptors is in limbo a bit longer. Front Office Sports reports that a ruling on the Los Angeles Clippers/Aspiration/Leonard investigation isn’t expected to come until after Las Vegas Summer League.Despite NBA commissioner Adam Silver expected to speak with media members on Tuesday at Summer League, […] The post Clippers-Kawhi Leonard Ruling To Come After Summer League appeared first on HEAVY.
Adam Silver hopes Leonard investigation wraps 'this summer'
NBA commissioner Adam Silver gave an update Tuesday on the pending investigation into allegations that the Los Angeles Clippers circumvented the salary cap to pay Kawhi Leonard through now-bankrupt environmental firm Aspiration Fund Adviser LLC. “My timeline remains this summer,” Silver said when asked when the league will announce the results of the investigation at a press conference after the league’s board of governors meeting. “We all hav…
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