Latest On Clippers Investigation
Clippers forward Kawhi Leonard and his uncle and business adviser Dennis Robertson have both been interviewed as part of the NBA’s investigation into whether the team circumvented the salary cap to pay the seven-time All-Star, multiple sources tell Baxter Holmes of ESPN.
The investigation, which is being led by the law firm Wachtell, Lipton, Rosen & Katz, was launched by the league in September 2025 after a series of reports from investigative journalist and podcaster Pablo Torre alleged the Clippers funneled money to Leonard through a no-show endorsement deal with the now-defunct “green banking” company Aspiration.
According to Holmes, Clippers owner Steve Ballmer and other team officials have also been interviewed as part of the investigation. Torre previously reported that former Aspiration executives have been interviewed as well, with five ex-employees saying they weren’t asked about Ballmer, whose involvement was at the center of Torre’s reporting.
Although Ballmer, Leonard and other key members of the team have publicly denied the allegations — and Leonard’s camp did so again to Holmes — some Clippers executives have privately become frustrated by “trying to prove innocence for a violation that they say they didn’t commit,” Holmes writes. Sources tell ESPN the team isn’t sure how the matter will conclude despite the club’s insistence it did nothing wrong.
Commissioner Adam Silver suggested at his press conference on Wednesday that the investigation is nearing its end, though he didn’t give a definitive timeline. According to Holmes’ sources, Silver won’t be swayed by any public pressure to penalize the Clippers, since he answers to the other 29 owners. Silver said on Wednesday that he would follow the facts uncovered by the investigation.
Silver Discusses NBA Europe, Clippers Investigation, Expansion, More
Commissioner Adam Silver declared during his annual press conference prior to the Finals opener that the NBA’s plans for a European league are on schedule, Tim Reynolds of The Associated Press reports.
The overseas league is part of a joint effort involving the NBA and FIBA, the sport’s global governing body.
“We are very much on schedule,” Silver said. “It is our hope and anticipation that that league will launch in the ’27-28 season in Europe. We are on track. Final bids from franchises are due at the end of this month, at the end of the month in June. We’ve seen record interest and we’re very excited about the ongoing opportunity and working closely with FIBA, our federation.”
Silver said the NBA and its players’ union still need to decide whether current players can be investors in NBA Europe franchises, according to The Athletic’s Joe Vardon. Lakers star Luka Doncic is part of an investor group headed by former Mavericks general manager Donnie Nelson that is seeking to bring a team to Rome as part of NBA Europe. Current NBA players are banned from being part of ownership groups for domestic franchises.
Silver’s office confirmed that it has had discussions with Doncic about his interest in NBA Europe, but insisted there has been no determination yet whether players can invest in NBA Europe teams, Vardon adds.
Here’s more from Silver’s press conference:
- The lengthy investigation to determine whether the Clippers attempted to circumvent the salary by arranging an alleged no-show job for Kawhi Leonard with a now-defunct environmental company is “close to the point now where I think we need to wrap this up.” Law firm Wachtell, Lipton, Rosen & Katz, has been investigating since September. The Clippers, owner Steve Ballmer, and Leonard have repeatedly said they did nothing wrong. “The most important thing is that we get it right,” Silver said. “I certainly hear many things all the time about the perception of what really happened or didn’t happen here. I wouldn’t be doing my job if, ultimately, I issue (his) determination based on perception. My job is to follow the facts.” Silver could punish the Clippers by fining them, stripping away future draft picks, or even voiding Leonard’s contract.
- There’s no major update on the NBA’s formal plans to explore expansion in Seattle and Las Vegas. Silver said simply that “discussions are ongoing.” Multiple groups, Silver added, are interested in having teams in those cities. Silver wants a final decision on expansion by the end of the year. “It’s not a foregone conclusion that we will expand … but what we’ve told all interested parties is our Board will make a decision by the end of this calendar year,” Silver said.
- Silver said the league needed to pass lottery reform because tanking had become “acceptable behavior,” ESPN’s Tim Bontemps relays. “Tanking is not a new issue for this league,” Silver said. “I think maybe what surprised us all a little bit is how quickly it became acceptable behavior in this league. I think it used to be limited, frankly, to a small group of teams. I think there was — I think I could genuinely stand up and talk about rebuilding and not say ‘tanking,’ and it was practiced in a different way. I don’t know how else to say it. We found ourselves in a situation this year where all of a sudden it seemed like a third of the league maybe was responding in what an economist would say is very rational behavior but nontraditional behavior in terms of what they saw as a clear incentive to fall to the bottom of the standings. And it maybe or likely was compounded by the fact that there’s a perception of a very deep draft class this year. But we ultimately concluded that we needed to take immediate action.”
- The league is still looking into ways to honor former commissioner David Stern, who died six years ago. “I almost think there’s nothing that we can do in some ways that will ultimately feel that he’s getting his just due. … We’re going to come up with the right way to honor him,” Silver said.
And-Ones: Seattle, Murray, Canada, Aspiration, Extensions
In addition to announcing that Melinda French Gates is joining the Seattle Kraken’s ownership group as a minority investor, Samantha Holloway, the majority owner of the NHL team, confirmed that she’s assembling a group that will make a bid for an NBA franchise based in Seattle, writes Emily Kaplan of ESPN.
Holloway also pointed out that the Kraken’s ownership group has strengthened its case to bring the NBA to Seattle by acquiring a majority stake in Climate Pledge Arena, where the Kraken and the WNBA’s Seattle Storm play.
“The City of Seattle certainly could use an NBA team, and the fans here are ready for it,” Holloway said. “If that happens, they will all buy their Kraken friends beers because it wouldn’t happen without them. So we are hopeful, we are working on it, and stay tuned.”
We have more odds and ends from around the basketball world:
- Exploring at greater length why Jamal Murray isn’t expected to play for the Canadian national team in international competition anytime soon, Josh Lewenberg of TSN.ca explains that Canada Basketball was seeking three-year commitments from its players, and the Nuggets guard wasn’t able to commit to being available for each of the next three summers. “If guys don’t commit this summer, they’re not in,” new national team coach Gordon Herbert said. “When I was with Germany, we had six or seven NBA guys and three guys didn’t come, they didn’t want to come. All of sudden they wanted to come (in) year two. Sorry. You can’t be successful in anything without commitment, in my opinion.”
- Joseph Sanberg, the co-founder of the now-bankrupt green banking company Aspiration, was sentenced this week to 14 years in federal prison, writes Baxter Holmes of ESPN. Judge Stephen V. Wilson described Sanberg as “greedy, brazen, callous” and said he would “put the grade of his fraud at the zenith,” as Holmes relays. Kawhi Leonard‘s sponsorship deal with Aspiration and Steve Ballmer‘s investment in the company are at the center of the NBA’s investigation into possible salary cap circumvention by the Clippers. In advance of his sentencing, the league said in a letter to Wilson that Sanberg “substantially assisted” its probe, while Ballmer’s attorneys advocated against leniency for the Aspiration co-founder, writing that Sanberg “flagrantly defrauded” the Clippers owner.
- Spurs big man Victor Wembanyama is the only player eligible for a rookie scale extension who is likely to sign a maximum-salary contract this offseason, in the view of Keith Smith of Spotrac. However, Smith – projecting possible deals for each member of the 2023 draft class – view Hornets forward Brandon Miller (five years, $200MM), Rockets guard Amen Thompson (five years, $185MM), and Jazz guard Keyonte George (four years, $152MM) as strong candidates for lucrative extensions.
And-Ones: Golden, Warriors, World Cup, Hifi, Aspiration
Kevin O’Connor of Yahoo Sports stated on his podcast earlier this week that the Warriors are expected to pursue Florida Gators head coach Todd Golden if Steve Kerr decides to step down, noting that Golden has an existing relationship with the Lacob family (Twitter video link). However, Golden told reporters on Wednesday that he has no plans to leave his current position.
“(I’m) definitely planning on coaching the Gators,” he said (Twitter video link).
Interestingly, Thomas Haugh‘s decision to return to the Gators for his senior year and continue playing under Golden was influenced by a conversation he had with Warriors forward Draymond Green. According to Mark Long of The Associated Press, Warriors rookie Will Richard, who played at Florida from 2022-25, arranged a conversation between his current teammate Green and his former teammate Haugh, who was viewed as a potential lottery pick if he had entered the 2026 draft.
“I think Draymond gave him great perspective on what life in the NBA is like and what life in college is like and how enjoyable it is,” Golden said. “And it allowed him to be like, ‘All right, the NBA, not sounding arrogant, but it will be there for him.’ It’s going to be there. And he only has one more opportunity to be at Florida. So they had a great conversation, and I think that got him kind of thinking.”
Here are a few more odds and ends from around the basketball world:
- FIBA has officially announced the hosts for the 2030 and 2031 World Cups. The women’s basketball event in 2030 will take place in Tokyo, Japan, while the men’s tournament the following year will be held in France, with games played in Paris, Lyon, and Lille (Twitter links).
- Paris Basketball guard Nadir Hifi, who went undrafted in 2023, tells the French outlet Le Parisien that he’s interested in the possibility of signing with an NBA team this offseason, as Dario Skerletic of Sportando relays. Hifi, 23, won the EuroLeague Rising Star award in 2024/25 and was the EuroLeague’s third-leading scorer this season at 18.9 points per game.
- In advance of the sentencing of Aspiration co-founder Joseph Sanberg, the NBA and Clippers owner Steve Ballmer both submitted letters to the federal judge overseeing the case, reports Baxter Holmes of ESPN. The attorney leading the league’s investigation into the Clippers’ relationship with Aspiration said Sanberg’s cooperation “substantially assisted our investigation, including our ability to develop a more complete understanding of key events,” whereas Ballmer’s attorney said the Clippers owner was “flagrantly defrauded” out of $60MM by Aspiration and requested that the judge’s sentence account for “the reputational damage that will take years to remediate.”
Clippers Notes: Harden, Kawhi, Zubac, Collins, Ballmer, CP3
Reports earlier in the 2025/26 season suggested that at least a handful of teams around the NBA were hoping star guard James Harden would land on the trade block with the Clippers off to a very slow start. But Harden, a Los Angeles native, has helped the team turn things around in recent weeks and tells Ramona Shelburne of ESPN that he has no desire to leave L.A.
“It’s hard to explain,” Harden said. “Being at home, that’s like the opportunity of a lifetime for me. Just be able to hoop in front of my family, friends, people I grew up with, people that raised me. It’s a different feeling. So as much as people talk all the time. That’s social media, that’s what people’s jobs are to talk. For me, it’s just like I’m actually living in it so I can’t get caught up in what people talk about, how people feel, whatever the case. I’m from L.A. and I’m blessed to be here.”
The Clippers have gone 11-2 since losing 21 of their first 27 games, but they’d still technically be out of the postseason picture if the season ended today — they have the same 17-23 record as the No. 10 Grizzlies, but Memphis holds the tiebreaker. Still, Harden is confident in the Clippers’ ability to “come all the way back” and continue climbing up the Western Conference standings.
“Some teams, when it gets that bad, they just let the wheels fall off,” Harden told Shelburne. “I had interviews where people were asking me, ‘How do you find confidence?’ and I’m like, ‘The confidence is there. The losses are frustrating, but the confidence is still there.’
“I think finding little tweaks and being a lot better defensively is what really helped us out. … Now we got to take one game at a time, just like when we were in the hole. We can come all the way back, but we have to chip away, chip away and really build some momentum going into the All-Star break.”
Here’s more on the Clippers:
- Along with Harden, star forward Kawhi Leonard has been leading the Clippers’ surge in recent weeks, writes Janis Carr of The Orange County Register. During their 11-2 stretch, Leonard has averaged 32.7 points, 6.9 rebounds, 3.8 assists, and 2.6 steals per game, with a .507/.440/.916 shooting line. “He’s been huge for us in the fourth quarters the last, what, three, four weeks,” head coach Tyronn Lue said. “Just going down the stretch and taking those games over down the stretch has been huge for us.”
- Leonard will be inactive on Friday for the first time since November 22, having been ruled out of a rematch vs. his former team in Toronto due to a right ankle sprain. Center Ivica Zubac (left ankle sprain) and forward John Collins (right groin soreness) are considered questionable to suit up after missing Wednesday’s victory after Washington.
- Attorneys representing Clippers owner Steve Ballmer have filed to dismiss a lawsuit alleging that Ballmer used the former green banking company Aspiration to commit fraud by funneling money to Leonard. Ballmer’s lawyers refer to the allegations as “sensational” and “patently false,” according to Baxter Holmes of ESPN, who has the full story on the latest development in the Aspiration saga.
- Although the Clippers announced they were “parting ways” with Chris Paul in early December, he’s stuck in limbo as the team remains on the lookout for a trade opportunity to avoid waiving his guaranteed contract. Appearing on Good Sports with Kevin Hart & Kenan Thompson (YouTube link), Paul said he’s still hoping to land in a more favorable situation for the second half of the season. “I’m working out and training every day,” he said. “In all honesty, with the way all that stuff went down and all that, I think for me, I just love this game so much that I don’t want it to end like that. I’ve enjoyed the time (off), for sure. I get a chance to go to my kids’ games, but I don’t know yet (where I’ll end up).”
Nets Notes: Porter, Trade Possibilities, Demin, Traore
Michael Porter Jr. might be too good to keep on the roster if the Nets intend to tank, writes Brian Lewis of The New York Post. Porter, who has been an offensive force since he was acquired in an offseason trade with Denver, poured in 28 points in Tuesday’s win at Philadelphia.
It was the latest in a string of impressive performances by Porter, but it’s not what Brooklyn needs if it intends to maximize the value of its first-round pick as owner Joe Tsai suggested early in the season. Sources told Lewis that philosophy hasn’t changed, so Porter may have to be dealt or shut down at some point.
Porter has a long medical history that includes herniated discs, three back surgeries, a damaged peroneal nerve and “foot drop,” which requires him to wear a brace while playing. He’s under contract for one more season at $40.8MM, and Lewis suggests he might have more value to a contender than he would as a long-term piece for the Nets to build around.
Lewis cites the Pistons and Bucks as potential trade partners. Detroit can offer a first-round pick, Tobias Harris‘ $26.6MM expiring contract and another piece such as Caris LeVert, Ron Holland or Jaden Ivey, while Milwaukee could trade its first-rounder in 2031 or 2032, along with Kyle Kuzma and Bobby Portis.
A source tells Lewis that Clippers owner Steve Ballmer is determined to turn around the season after a slow start and is “not interested in rebuilding in any form or fashion.” Lewis proposes a deal sending Porter and Cam Thomas to L.A. in exchange for an unprotected 2032 first-rounder, John Collins and Bogdan Bogdanovic.
There’s more from Brooklyn:
- Rookie guard Egor Demin continues to respond well to challenges from coach Jordi Fernandez, Lewis states in a separate story. Demin turned in one of his best games with 20 points, five assists and two rebounds in Tuesday’s win, and he ranks second among rookies by hitting at least four three-pointers in six games, answering pre-draft concerns about his outside shot. “Egor is a kid that cares so much about doing the right thing the whole time. Obviously it stands out, his size for his position and ability to shoot the ball and share the ball,” Fernandez said. “He does a great job finding the three-point line for his teammates and shooting the three himself, but he’s done a much better job being aggressive getting into the paint. When he’s finished aggressive at the rim, he’s done a great job.”
- In another piece, Lewis examines how the Nets were able to turn around a defense that was headed toward being the worst in NBA history.
- Nolan Traore may get more NBA opportunities after scoring eight points in Sunday’s win over Toronto, per Howie Kussoy of The New York Post. The Nets have brought the 19-year-old French point guard along slowly, playing him mostly in the G League so far. “He did a great job overall. (It) looked like all the minutes he’s played (on) Long Island right now are paying off,” Fernandez said. “And now he came here with a lot of confidence, and this is what it’s all about. Minutes are the best coach to develop you. And he took advantage of those minutes (on) Long Island, and now he’s taking advantage of his minutes here, and he was a big part of us winning this game.”
Clippers Owner Steve Ballmer Sued By Aspiration Investors
Eleven former Aspiration investors have sued Clippers owner Steve Ballmer, alleging that he used the company to circumvent the NBA salary cap to pay star forward Kawhi Leonard, reports investigative journalist and podcaster Pablo Torre.
According to Colin Salao of Front Office Sports, those investors initially filed suit against Aspiration co-founder Joseph Sanberg and the company – which is now known as Catona – in July, well before Torre began reporting on Ballmer’s investments and Leonard’s apparent “no-show” endorsement deal. The Clippers owner was added to the lawsuit as a defendant on Monday in the wake of that reporting.
“It served Ballmer’s interest in getting extra money to Leonard so he could circumvent the salary cap, beat out the competition and re-sign his team’s superstar player,” the plaintiffs state in their suit. “Ballmer was complicit in and aided and abetted Sanberg’s fraud for his own self-serving purpose. Ballmer publicly endorsed Catona and infused over $50 million into the company. Absent Ballmer’s support, Catona could not have sustained the frauds set forth herein.”
The NBA is currently conducting its own investigation into the accusations of cap circumvention levied against the Clippers, having hired the law firm Wachtell, Lipton, Rosen & Katz to lead that probe.
While the NBA’s investigation is focused on possible violations of the league’s own rules, the lawsuit – filed in Los Angeles – is about recouping losses for investors defrauded by Sanberg, who recently pleaded guilty in federal court to two counts of wire fraud. Skip Miller, an Aspiration investor also serving as counsel for the plaintiffs, issued the following statement to Torre:
“A lot of people have been hurt here. This lawsuit is being brought to recoup their losses. We look forward to our day in court where everything will be aired out and justice will be done.”
For what it’s worth, the allegations made about Ballmer in the lawsuit appear to be based on reporting by Torre and other outlets — the suit doesn’t include a smoking gun or any new revelations. However, it could lead to more new information about the Clippers’ owner’s connection to the company surfacing as the legal process plays out.
“Plaintiffs allege that Ballmer transferred other funds to Catona to keep the company afloat and buy Sanberg’s support, cooperation and silence about the secret deal with Leonard,” the lawsuit reads, per Torre. “The full extent of Ballmer’s transfers of funds to Catona and Sanberg will be ascertained in discovery.”
Clippers Notes: Beal, Miller, Paul, Depth, Aspiration
Veteran guard Bradley Beal signed a two-year contract with the Clippers this summer after a disappointing two-year run with the Suns ended in a buyout. The former All-Star said earlier this week that he already feels at home in Los Angeles, as Janis Carr of The Orange County Register writes.
“It’s weird. It feels like I’ve been here for a few years; I feel that comfortable with the group,” Beal said Monday. “They welcomed me in that way too and just made me feel at home and it’s been great, man.”
Beal and the Clippers will face Phoenix in Friday’s home opener after L.A. was shockingly — and thoroughly — dominated in Wednesday’s season-opening loss in Utah. The 32-year-old is on a minutes restriction after undergoing arthroscopic right knee surgery during the offseason, tweets Law Murray of The Athletic.
Here’s more on the Clippers:
- Third-year forward Jordan Miller is dealing with left hamstring soreness and will be reevaluated in about a week, Murray adds. Miller, the 48th overall pick of the 2023 draft, is on a two-way contract with the Clippers.
- Chris Paul will make his Clippers homecoming on Friday after several years away from the organization, but don’t expect him to get swept up in the emotions of the moment, according to Carr. “I’ll definitely be happy and grateful to be here, but I’d be too locked in to really process what’s all happening,” the 40-year-old point guard said this week. Paul, a future Hall of Famer, signed a one-year deal with the Clips in free agency after spending last season in San Antonio.
- As Murray writes for The Athletic, the Clippers are relatively long in the tooth, but they have a talented and deep roster, which may be challenging for head coach Tyronn Lue to navigate, given his preference for using nine-man rotations. “It feels good to have so many options and a lot of different combinations,” Lue said. “And every night could be different; every night is gonna be different. But it’s gonna take us 15, 20 games into the season to really understand our rotations, our chemistry, how we wanna play, who fits well together. So, I’m excited about that.” When the team is at full strength, Murray views Bogdan Bogdanovic and Nicolas Batum as the most likely veterans to be out of the rotation.
- Robert O’Connor and Harriet Ryan of The Wall Street Journal (subscription required) take an in-depth look at Aspiration co-founder Joe Sanberg and the allegations that the Clippers used the now-bankrupt “green bank” company to circumvent the salary cap via a lucrative no-show endorsement deal with Kawhi Leonard. According to the WSJ, Sanberg told a high-ranking Aspiration executive the Clippers initiated the idea of the endorsement contract with Leonard, who was injured at the time. “This is important to the Clippers,” the executive recalled Sanberg saying. While some top Aspiration officials understandably had significant reservations about the deal, they purportedly did not question whether it was a means for owner Steve Ballmer and the Clippers to bypass the cap, per O’Connor and Ryan.
Clippers Notes: Ballmer, Aspiration, Frank, Kawhi, Beal, Collins
Through his philanthropic arm, the Ballmer Group, Clippers owner Steve Ballmer donated $1.875MM to the Golden State Opportunity Foundation, a charity whose founder is disgraced former Aspiration co-founder Joe Sanberg, Pablo Torre reported Monday on his Pablo Torre Finds Out podcast (YouTube link).
Ballmer’s donation came in December 2024, more than a year-and-a-half after the Clippers ended their contract with Aspiration, and nearly a year after it was publicly reported that the now-bankrupt “green bank” company was under federal investigation, Torre observes. It also came a couple months after Sanberg’s co-conspirator was arrested.
It’s the latest update in an ongoing investigation from Torre, other members of the media, and the NBA, which hired a law firm to determine whether the Clippers and Kawhi Leonard circumvented the salary cap through their deals with Aspiration.
In a public statement on Monday, president of basketball operations Lawrence Frank reiterated the Clippers “welcome” the league’s investigation and denied the accusations (Twitter video link via Joey Linn of SI.com).
“We feel confident we are on the right side of this,” Frank said in part.
For his part, Kawhi Leonard denied any wrongdoing and said the investigation wouldn’t be a distraction during the season (Twitter links via Law Murray of The Athletic). Leonard mentioned “conspiracies” multiple times, according to Murray.
“This is old… we already knew this was going to happen,” Leonard said.
Here’s more from the Clippers’ media day:
- Bradley Beal had arthroscopic surgery sometime after the season ended, tweets Murray. Beal said he was playing through right knee inflammation last season with Phoenix and had the knee scoped, which helped, as he’s feeling “good” and “ready to go” now. However, the team said he would be a limited training camp participant, according to Murray, who adds (via Twitter) that Bogdan Bogdanovic (torn hamstring) will also be a limited participant. Leonard is considered healthy and a full participant.
- Beal, who signed a two-year deal (second year player option) with the Clippers after being bought out by the Suns, says he loves living in Los Angeles and has talked with Frank about potentially ending his career with the team (Twitter links via Murray). The three-time All-Star knows he won’t be a primary scoring option for the Clippers and is welcoming the challenge of taking on tough defensive assignments.
- Head coach Tyronn Lue views offseason acquisition John Collins as a power forward who can play some backup center at times, per Murray (Twitter link). The Clippers landed Collins in the three-team trade that sent Norman Powell to Miami. The 28-year-old big man will earn $26.58MM this season before hitting free agency next summer.
Latest On Clippers, Steve Ballmer, Kawhi Leonard
After Mavericks minority stakeholder Mark Cuban suggested in a Twitter post that journalist and podcaster Pablo Torre should dig into the carbon credits that the Clippers bought from the now-bankrupt “green bank” company Aspiration, Torre did just that in the latest edition of his Pablo Torre Finds Out podcast (YouTube link).
Cuban had speculated that those carbon credits could be an easier and safer way for the team to circumvent the cap to pay Leonard, as opposed to simply investing in the company. Since the margin was so high on those credits, those purchases could provide Aspiration with a quick influx of cash that created the appearance of real revenue.
Torre’s findings point to that being a possibility, as the Clippers purchased roughly $21MM in carbon credits from Aspiration in June 2022, shortly before the first payment to Kawhi Leonard for his alleged “no-show” deal was due (Twitter video link). The Clippers had purchased another $35MM in carbon credits in April 2022, right around the time Leonard signed that endorsement agreement that didn’t actually require him to do any endorsement work.
Responding to Torre’s latest report, the Clippers said in a statement those carbon credit purchases were part of owner Steve Ballmer‘s effort to ensure Intuit Dome would be as environmentally friendly an arena as possible.
“Steve and his family are focused on sustainability, which is why Intuit Dome was designed to be a carbon neutral building from its inception and to achieve LEED Zero status over time,” the Clippers said. “Our development agreements for the arena included mandates to buy carbon credits, but after studying the issue of neutrality, we went far beyond those requirements, exploring ways to address emissions from our fans and contracting with Aspiration to directly purchase carbon offsets, as well as broker the acquisition of additional offsets.
“Some of those commitments were built into the sponsorship deal with Aspiration — totally separate of the investment in the company — and we made payments to Aspiration until the company was unable to fulfill their responsibilities.
“This effort reflects Steve wanting to set a positive example and raise awareness of the growing and important role of voluntary carbon markets. Unfortunately, he was duped on the investment and on some parts of this agreement, as were many other investors and employees.”
Here’s more on the ongoing Clippers/Leonard story:
- Within his latest podcast, Torre provided some additional details on Ballmer’s $10MM investment in Aspiration in March 2023, which occurred shortly before the government began investigating the company. According to Torre, Ballmer paid $23 per share at that point, which was more than double the share price he paid when he invested $50MM in 2021. John Karalis of Boston Sports Journal (Twitter links) wonders if that inflated share price was a way for Ballmer to avoid assuming more than a 5% stake in Aspiration, which is prohibited by NBA rules for any company that employs a player as an endorser.
- People around the league don’t expect the investigation into Ballmer, the Clippers, and Leonard to conclude until sometime after the All-Star game, which will take place at Intuit Dome, Jake Fischer said in a Bleacher Report live stream this week (YouTube link). That probe is being conducted by the law firm Wachtell, Lipton, Rosen & Katz, which has led multiple independent investigations for the NBA, including the 2014 inquiry into Donald Sterling that resulted in the former Clippers owner selling the team to Ballmer.
- In case you missed it, John Hollinger of The Athletic took a closer look at earlier this week at the punishments that the Clippers and Leonard could face as a result of the investigation and explained why he doesn’t expect the NBA to void the forward’s contract.