All articles tagged with #nba salary cap
Originally Published 2 months ago — by Sports Illustrated
The Warriors waived Seth Curry just before the season to manage salary cap constraints, with plans for him to rejoin the team later in the season once financial conditions allow, marking the first time the Curry brothers would be teammates in the NBA.
Originally Published 4 months ago — by NBC Sports
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.
Originally Published 4 months ago — by The Washington Post
The Los Angeles Clippers are embroiled in a scandal after reports emerged that they may have circumvented the NBA salary cap by paying Kawhi Leonard $28 million through a potentially fraudulent endorsement deal.
Originally Published 4 months ago — by The Ringer
The NBA is investigating the Los Angeles Clippers over allegations that they used a sponsorship deal to circumvent salary cap rules by paying Kawhi Leonard millions of dollars without proper contractual disclosure, which could lead to severe penalties if proven true. The investigation is ongoing, and the league is examining evidence to determine the extent of the alleged misconduct.
Originally Published 4 months ago — by Los Angeles Times
The Los Angeles Clippers nearly awarded arena naming rights to the fraudulent company Aspiration Partners in 2021, but ultimately chose Intuit. Aspiration, which went bankrupt and is linked to fraud involving Kawhi Leonard and Clippers owner Steve Ballmer, is under investigation by the NBA for potentially circumventing salary cap rules through a $28 million endorsement deal with Leonard. Ballmer denies involvement in any wrongdoing, emphasizing that the team followed NBA rules, and welcomes the investigation.
Originally Published 4 months ago — by Los Angeles Times
The Los Angeles Times reports allegations that Kawhi Leonard received $21 million from Aspiration Partners in a way that may have circumvented NBA salary cap rules, prompting an NBA investigation. The case involves complex financial dealings, potential violations of league rules, and the bankruptcy of Aspiration, with ongoing questions about the legality and transparency of Leonard's payments.
Originally Published 4 months ago — by Yahoo Sports
An NBA insider claims Kawhi Leonard sought $15 million in endorsement money from the Raptors to return to Toronto, but the deal did not materialize, and Leonard eventually signed with the Clippers. The story suggests possible rule circumventions and highlights concerns about league integrity, with some sources indicating that NBA Commissioner Adam Silver was aware of potential misconduct.
Originally Published 6 months ago — by Miami Herald
The Miami Heat face a crucial deadline to decide on Duncan Robinson's contract, which could impact their salary cap and roster for the upcoming NBA season, amid ongoing free agency negotiations and strategic salary cap management.