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New Records Tie Clippers Cash Flows to Kawhi Leonard Deal, Intensifying NBA Probe

Wachtell is reviewing alleged cap circumvention, with questions swirling over what Adam Silver knew.

Overview

  • Pablo Torre’s latest reporting details a $21 million Clippers carbon‑credit purchase two weeks before an initial payment on Kawhi Leonard’s alleged $28 million no‑show Aspiration endorsement.
  • Bank records cited in the coverage indicate the Clippers sent Aspiration roughly $118 million over 18 months, including at least $56 million tied to carbon credits.
  • The NBA’s independent investigation led by Wachtell, Lipton, Rosen & Katz remains active with no public findings or disciplinary actions announced.
  • Adam Silver walked back a prior claim that he had never heard of Aspiration, later saying he was certainly aware of the company.
  • Commentators have urged severe penalties if violations are proven, while Mark Cuban has defended Steve Ballmer’s logic; Ballmer says he was duped and Leonard has not commented.