What we know about the NBA investigation into Steve Ballmer’s Clippers
On the eve of Clippers training camp, owner Steve Ballmer and the team are facing pressures over an NBA probe into allegations that the team circumvented the league salary cap when a sustainability firm paid star Kawhi Leonard $21 million.
Since purchasing the team a decade ago, Ballmer has been on a quest to bring the also-ran Clippers their first NBA title. The billionaire philanthropist has been alternately encouraged and frustrated with a team that has posted a winning record every season under his ownership, but has made early exits from the playoffs a habit. He also spearheaded the construction of the most technologically advanced and environmentally friendly arena in sports — the $2-billion Intuit Dome that opened a year ago to rave reviews.
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Now, a top-rated law firm hired by the NBA is trying to determine whether the team violated league rules by funneling extra money to Leonard through a separate company in which the Clippers’ owner was an investor.
Over the last few weeks, Ballmer has been pressed for details about his $50-million investment and 2%-3% ownership stake in the firm Aspiration Partners, and whether the Clippers knew that the now-defunct company paid millions to Leonard through an endorsement deal. Aspiration provided what the company described as “socially-conscious and sustainable banking services and investment products.”
The Clippers have issued statements forcefully denying wrongdoing and saying they welcome the probe. Leonard and his representatives have not responded to requests for comment.
Read more: Adam Silver says NBA needs clear evidence Clippers made secret deal before lowering boom on Ballmer
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“There’s nothing fun about being highlighted in this way,” Ballmer said at a recent forum hosted by the Sports Business Journal. “It’s a whole lot more fun to be highlighted for building a great arena. But this too shall pass.”
A Clippers spokesman said Thursday that they aren’t scheduling any…
