Overview

• League investigators have retained Wachtell, Lipton, Rosen & Katz and begun gathering records in a probe of whether the Clippers used Aspiration to circumvent the salary cap.
• Toronto Star reporting says Leonard’s representative Dennis Robertson sought $10 million per year in no‑show sponsorships and ownership stakes during 2019 Raptors talks, which MLSE rejected.
• Pablo Torre’s documents describe a four‑year, $28 million Aspiration deal reportedly void if Leonard left the Clippers, and Boston Sports Journal reports roughly $20 million more in company stock.
• The Clippers deny wrongdoing and point to ESPN’s report that they rejected Aspiration’s naming‑rights offer reportedly nearly double Intuit’s $550 million deal for the Intuit Dome.
• Possible penalties include fines, loss of draft picks, voided contracts and suspensions, though outcomes remain uncertain as some analysts predict anything from no sanctions to a limited penalty.