Tag

Ballmer

All articles tagged with #ballmer

Clippers Hit With Record Sanctions Over Secret Kawhi Endorsements to Skirt the Salary Cap
business1 hour ago

Clippers Hit With Record Sanctions Over Secret Kawhi Endorsements to Skirt the Salary Cap

The NBA findings allege the Los Angeles Clippers, led by billionaire Steve Ballmer, orchestrated off-the-record endorsement deals for Kawhi Leonard with multiple companies to evade the league’s salary-cap rules. The league imposed its harshest penalties to date: a $30 million fine, the loss of first-round picks for five years (2029–2033), a one-year suspension for Ballmer, a one-year suspension for president of business operations Gillian Zucker, and a six-month ban for president of basketball operations Lawrence Frank. The Clippers deny the charges and plan to appeal; Leonard acknowledged lapses by people in his inner circle, including his uncle and business manager, with on-court impact limited by injuries and the franchise facing a long path to competitiveness.

Clippers Penalties Stand as Ballmer Weighs Next Move
sports4 days ago

Clippers Penalties Stand as Ballmer Weighs Next Move

The NBA upheld penalties from a year-long probe into salary‑cap circumvention by the Los Angeles Clippers, finding the team conspired to funnel money to Kawhi Leonard via multiple no‑show endorsements. Ballmer is suspended for one year, and the Clippers cannot appeal because Leonard and the players’ union accepted the punishment. Legal chances of overturning are slim given deference to the league’s private‑association rulings and CBA rules. Analysts cite Timberwolves precedent and suggest apologies could help, while Pablo Torre’s reporting sparked the investigation and underscores a broader push to hold the ultra‑wealthy to account.