Overview
- Eleven former Aspiration investors filed a 133-page complaint alleging Ballmer used Aspiration, now Catona, to covertly pay Leonard and circumvent NBA salary-cap rules.
- The amended suit claims Ballmer put more than $50 million into the company to keep it afloat and to support an arrangement intended to induce Leonard to re-sign with the Clippers.
- Pablo Torre first reported the alleged $28 million no-show agreement and reported Ballmer’s addition to the lawsuit on Monday.
- Ballmer has denied wrongdoing, saying any Aspiration deal with Leonard was independent of him and that he was conned as an investor.
- The NBA is investigating the Clippers and Aspiration, and commissioner Adam Silver has said the league will be thorough in its review.