The verdict is in regarding the Kawhi Leonard saga, and the results are not good for the All-Star forward or his soon-to-be former team.
A months-long independent investigation found the Los Angeles Clippers illegally circumvented the NBA salary cap when they facilitated outside endorsement deals with a collection of team-friendly sponsors, the league announced Wednesday.
Those sponsors were Aspiration Partners, Boingo Wireless, Daktronics and Lockton Insurance.
The resulting penalties are staggeringly stiff.
Due to what the league called a pattern of misconduct uncovered in the investigation, headed by the law firm of Wachtell, Lipton, Rosen & Katz, the NBA has suspended team owner Steve Ballmer from all league and team activities for a year. He has also been fined $30 million.
#sponsors
A months-long independent investigation found the Los Angeles Clippers illegally circumvented the NBA salary cap when they facilitated outside endorsement deals with a collection of team-friendly sponsors, the league announced Wednesday.
Those sponsors were Aspiration Partners, Boingo Wireless, Daktronics and Lockton Insurance.
The resulting penalties are staggeringly stiff.
Due to what the league called a pattern of misconduct uncovered in the investigation, headed by the law firm of Wachtell, Lipton, Rosen & Katz, the NBA has suspended team owner Steve Ballmer from all league and team activities for a year. He has also been fined $30 million.
#sponsors
1 day ago
