"Beyond Shocking" - Whistleblower Reveals Kawhi Leonard Was Paid by Clippers Minority Owner Through $1.99M Investment on the Same Day as Layoffs
The NBA probes a $28 million endorsement by bankrupt Aspiration, linked to Clippers minority owner Dennis J. Wong's $1.99 million investment shortly before Kawhi Leonard's payment.
- The NBA has launched an inquiry into whether the Los Angeles Clippers bypassed salary cap regulations by securing a $28 million endorsement deal for Kawhi Leonard via the bankrupt company Aspiration.
- Pablo Torre's September 2023 report uncovered that shortly before Leonard received a $1.75 million payment from Aspiration, Dennis Wong, a minority owner of the Clippers, contributed $1.99 million to the company.
- Aspiration made the December 15, 2022 payment to Leonard's KL2 Aspire LLC amid layoffs and financial struggles, fulfilling the endorsement contract while the company neared bankruptcy.
- An Aspiration executive called the situation "beyond shocking," while Clippers owner Steve Ballmer denied wrongdoing and said, "We did things by the book."
- If wrongdoing is confirmed, the Clippers could face penalties including fines up to $7.5 million, draft pick forfeitures, contract voiding, and suspensions as the NBA continues its inquiry.
15 Articles
15 Articles
Clippers' Kawhi Leonard received payment from 'no-show job' days after investment by minority owner: report
Aspiration Partners Inc., the company that reportedly entered a $28 million legal agreement with Los Angeles Clippers star Kawhi Leonard for a "no-show job," was running out of money in December 2022, yet still paid Leonard. The San Francisco-based environmental company laid off employees, including some executives, as it ran out of money. Sports reporter Pablo Torre said Clippers minority owner Dennis J. Wong made nearly a $2 million investment…
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