Clippers owner Ballmer welcomes NBA probe, tells ESPN he wasn't involved in Leonard endorsement deal

FILE - Steve Ballmer appears at the opening night of the Intuit Dome arena Aug. 15, 2024, in Inglewood, Calif. (Photo by Richard Shotwell/Invision/AP, File)
FILE - Steve Ballmer appears at the opening night of the Intuit Dome arena Aug. 15, 2024, in Inglewood, Calif. (Photo by Richard Shotwell/Invision/AP, File)
FILE - Los Angeles Clippers forward Kawhi Leonard, right, looks toward the scoreboard during the second half of an NBA basketball game, May 1, 2025, in Inglewood, Calif. (AP Photo/Mark J. Terrill, file)
FILE - Los Angeles Clippers forward Kawhi Leonard, right, looks toward the scoreboard during the second half of an NBA basketball game, May 1, 2025, in Inglewood, Calif. (AP Photo/Mark J. Terrill, file)
Carbonatix Pre-Player Loader

Audio By Carbonatix

LOS ANGELES (AP) — Los Angeles Clippers owner Steve Ballmer said in an interview with ESPN that he welcomes the NBA's investigation into an alleged circumvention of league salary cap rules, denying any involvement in a $28 million endorsement contract between Kawhi Leonard and a California-based sustainability services company.

Ballmer said he'd want the NBA to probe another club if it were accused of the same violation.

“Salary cap circumvention rules are important to the league, and I’d want the league to investigate,” Ballmer told ESPN on Thursday.

Ballmer also said in the interview that he introduced the six-time All-Star Leonard to the the now-bankrupt green banking business, Aspiration Fund Adviser LLC, that Ballmer once invested $50 million in. Ballmer said he's been reviewing his interaction with Aspiration as part of his and the Clippers' cooperation with a U.S. Department of Justice investigation into the company. Co-founder Joseph Sanberg agreed to plead guilty last month after facing federal charges of wire fraud, and prosecutors said he defrauded investors and lenders out of more than $248 million.

The Clippers strongly denied any rules were broken in a statement issued on Wednesday after the NBA announced its investigation following a report by journalist Pablo Torre that alleged the violation.

The Clippers announced a $300 million partnership with Aspiration in 2021, about a month after Leonard signed a four-year, $176 million extension. The team ended that relationship after two years because the contract was in default.

The league — which previously looked into claims that Leonard’s representatives asked for certain perks that would be considered cap circumventions when he was a free agent several years ago — can issue stiff penalties if cap rules are found to have been broken by a team. That could include a fine of up to $7.5 million, the voiding of contracts and the forfeiture of future draft picks.

___

AP NBA: https://apnews.com/hub/NBA

 

Trending Videos

Salem News Channel Today

Sponsored Links

Trending Videos

On Air & Up Next

  • InvestTalk with Justin Klein and Luke Guerrero
     
    InvestTalk™ serves as your go-to educational platform to delve into the   >>
     
  • New Focus on Wealth
    10:00PM - 11:00PM
     
    Each day Rob Black and CFP Chad Burton will filter through the “noise” on Wall   >>
     
  • Radio Yesteryear
    11:00PM - 12:00AM
     
    Tune in for the best of the golden age of radio on “Radio Yesteryear”, as   >>
     
  • Plan Your Estate Radio
    12:00AM - 1:00AM
     
    Many Americans do not have an estate plan, which means when they die, the   >>
     
  • The Best of Investing
    1:00AM - 2:00AM
     
    The Best of Investing with host Edward Brown is a unique 1-hour talk show   >>
     

See the Full Program Guide