All articles tagged with #aspiration
The NBA approved a $300 million sponsorship deal between the Los Angeles Clippers and Aspiration in 2021, but the league is now investigating whether this and a separate Kawhi Leonard endorsement deal were used to circumvent salary cap rules, amid broader concerns about Aspiration's credibility and legal issues.
The Los Angeles Clippers purchased around $56 million in carbon credits from Aspiration, which may have been used to circumvent salary cap rules related to Kawhi Leonard's payments. The team claims these purchases were part of their environmental efforts, but an investigation into the financial dealings involving owner Steve Ballmer, Leonard, and Aspiration is ongoing, with potential implications for the team and players.
The Los Angeles Clippers, led by Steve Ballmer, invested $118 million in Aspiration over 18 months, with some funds linked to Kawhi Leonard's endorsement deal and carbon offset projects. The organization denies any salary cap circumvention, and the NBA is investigating the matter.
The article discusses the Kawhi Leonard contract controversy with Aspiration, highlighting the media's role and misconceptions about who reports such stories, featuring insights from Noah Kulwin on the 'Nothing But Respect' podcast.
Andrei Cherny, co-founder of Aspiration, clarifies that Kawhi Leonard's endorsement contract was not a 'no show' deal and contained extensive obligations, countering claims that Leonard did not perform work for the $28 million endorsement. The controversy involves allegations that the Clippers used a sponsor to funnel extra cash to Leonard to circumvent the salary cap, prompting an NBA investigation. Cherny blames the company's failure on co-founder Joe Sanberg's legal issues, while former executives criticize the endorsement deal as misaligned with Aspiration's strategy.
Clippers owner Steve Ballmer made significant investments in the bankrupt company Aspiration, which also involved Kawhi Leonard in a controversial endorsement deal that may have circumvented NBA salary cap rules. The deal included a side stock agreement from Aspiration's co-founder, who recently pleaded guilty to fraud, raising questions about the legitimacy and transparency of Leonard's endorsement and compensation arrangements.
LA Clippers owner Steve Ballmer denied knowledge of a controversial endorsement deal with Kawhi Leonard that allegedly circumvented NBA salary cap rules, and called for an NBA investigation into the matter, which involves a bankrupt company accused of fraud.
Steve Ballmer invested an additional $10 million in Aspiration in March 2023, highlighting his ongoing interest in the fintech sector.
Steve Ballmer made a second $10 million investment into Aspiration, a failing company linked to Kawhi Leonard's endorsement deal, amid ongoing NBA investigations into potential salary cap circumvention and financial misconduct involving the Clippers and Leonard.
Steve Ballmer invested nearly $10 million in Aspiration in March 2023 amid an NBA investigation into a no-show endorsement deal allegedly given to Kawhi Leonard, which Aspiration is accused of using to circumvent salary cap rules. The investment followed previous large investments by Ballmer and other Clippers officials, with the league seeking to determine if any impropriety occurred. Ballmer claims he was duped by Aspiration, whose co-founder pleaded guilty to fraud.
A new report suggests that Clippers minority owner Dennis Wong invested in the failing company Aspiration just before Kawhi Leonard received a late payment from the company, raising questions about potential salary cap circumvention and ongoing NBA investigations into the Clippers' endorsement deal with Aspiration.
Steve Ballmer defended the Clippers amid allegations of salary cap circumvention involving Kawhi Leonard and Aspiration, claiming no malfeasance occurred due to timeline discrepancies, while investigations continue.
Kawhi Leonard's endorsement deal with Aspiration and Steve Ballmer's investment in the company raise questions about potential salary cap circumvention and conflicts of interest, with critics pointing out unusual deal structures and lack of promotional activity, prompting calls for NBA scrutiny.
Kawhi Leonard reportedly signed a $28 million endorsement deal with bankrupt environmental company Aspiration, backed by Clippers owner Steve Ballmer, and also received $20 million in stock, bringing his total potential earnings to nearly $48 million, raising questions about the deal's transparency and NBA's stance.
Medical professionals are warning that weight-loss drugs, specifically GLP-1 drugs like Ozempic and Wegovy, can increase the risk of complications during surgery. These drugs slow down digestion and stomach emptying, which can interfere with the effectiveness of pre-surgery fasting and lead to aspiration of solids into the lungs. Current guidelines recommend abstaining from these drugs for a day before surgery, but researchers suggest extending the period to three weeks to ensure the drugs have cleared from the body. Anecdotal research and observational studies have shown a significant risk of aspiration, but rigorous clinical trials are needed to confirm these findings. Patients on GLP-1 drugs for type 2 diabetes are advised to consult an endocrinologist and abstain from the drug for "at least three half-lives" before planned procedures.