Overview
- The league’s outside counsel at Wachtell is interviewing Clippers officials and former Aspiration employees, and no findings or penalties have been announced.
- The review focuses on 2022 agreements that paired Kawhi Leonard’s $28 million marketing deal and $20 million in equity from Aspiration with a reported $300 million Clippers sponsorship.
- NBA agents offered mixed views on the contract terms, while the NBPA said the “beliefs” language favors Leonard but does not, on its face, prove a scheme.
- Aspiration later went bankrupt with about $170 million in debts, and some former staffers alleged the Leonard deal was a no‑show arrangement to dodge salary-cap limits, which all parties deny.
- League rules bar teams from steering extra pay to players through third parties, and any violation could bring fines, voided contracts, or draft penalties.