The long-awaited results of the NBA's investigation into the Los Angeles Clippers' alleged salary cap circumvention practices were finally released on Wednesday, Sept. 2, and the fallout is just beginning.
Among the punishments handed out, the Clippers must forfeit five first-round draft picks and pay a $30 million fine. Kawhi Leonard, the Clippers' superstar at the heart of the scandal, has been fined $700,000. Additionally, Clippers owner Steve Ballmer and president of business operations Gillian Zucker have been suspended by the league for one year. Lawrence Frank, the team's president of basketball operations, has been suspended for six months.
The official investigation report from the law firm of Wachtell, Lipton, Rosen & Katz explicitly lays out why the organization is facing the brunt of the penalties. Throughout the 36-page document, investigators state the three individuals most responsible for the Clippers' rule-breaking are Ballmer, Zucker and Frank, and call out the organization for obfuscating the investigation's efforts.
The report also notes investigators "continue to receive information relevant to the subjects discussed in this report" and will supplement their findings as appropriate. Wachtell Lipton said it conducted 73 interviews of 60 people and reviewed 200,000 pages of documents.
Here are 13 must-read segments from the investigation. Each is quoted directly from the report.
#clippers #report #lipton #president
Among the punishments handed out, the Clippers must forfeit five first-round draft picks and pay a $30 million fine. Kawhi Leonard, the Clippers' superstar at the heart of the scandal, has been fined $700,000. Additionally, Clippers owner Steve Ballmer and president of business operations Gillian Zucker have been suspended by the league for one year. Lawrence Frank, the team's president of basketball operations, has been suspended for six months.
The official investigation report from the law firm of Wachtell, Lipton, Rosen & Katz explicitly lays out why the organization is facing the brunt of the penalties. Throughout the 36-page document, investigators state the three individuals most responsible for the Clippers' rule-breaking are Ballmer, Zucker and Frank, and call out the organization for obfuscating the investigation's efforts.
The report also notes investigators "continue to receive information relevant to the subjects discussed in this report" and will supplement their findings as appropriate. Wachtell Lipton said it conducted 73 interviews of 60 people and reviewed 200,000 pages of documents.
Here are 13 must-read segments from the investigation. Each is quoted directly from the report.
#clippers #report #lipton #president
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