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Steve Ballmer

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NBA finds no evidence of Clippers/Ballmer funneling money to Kawhi Leonard, settlement talks continue
sports11 days ago

NBA finds no evidence of Clippers/Ballmer funneling money to Kawhi Leonard, settlement talks continue

ESPN reports the NBA found no hard evidence that Clippers owner Steve Ballmer funneled money to Kawhi Leonard through sponsors to evade the salary cap; the league is examining whether sponsorship deals or introductions violated cap rules or supervision obligations. Settlement talks are ongoing and could include fines, suspensions, or loss of draft picks, with Leonard’s trade to Toronto on hold and training-camp timing potentially affected as the process could extend into 2027.

via NBC Sports|
#kawhi-leonard#los-angeles-clippers#nba
Clippers Under NBA Salary-Cap Probe Tied to Kawhi Leonard
sports2 months ago

Clippers Under NBA Salary-Cap Probe Tied to Kawhi Leonard

The NBA is investigating the Los Angeles Clippers over potential salary-cap circumvention to pay Kawhi Leonard, with Leonard, his uncle Dennis Robertson, and owner Steve Ballmer among those interviewed. The probe, led by Wachtell Lipton, Rosen & Katz, began in 2025 after reports about a no-show endorsement linked to the Aspiration company. While Leonard’s camp denies wrongdoing and some executives privately question the handling, Commissioner Adam Silver says the investigation will follow the facts and could be nearing a conclusion, though no timeline is given.

via Hoops Rumors|
#clippers#kawhi-leonard#nba-investigation
Clippers and Kawhi Leonard: Inside the Turmoil and Financial Controversies
sports11 months ago

Clippers and Kawhi Leonard: Inside the Turmoil and Financial Controversies

The Los Angeles Clippers purchased around $56 million in carbon credits from Aspiration, which may have been used to circumvent salary cap rules related to Kawhi Leonard's payments. The team claims these purchases were part of their environmental efforts, but an investigation into the financial dealings involving owner Steve Ballmer, Leonard, and Aspiration is ongoing, with potential implications for the team and players.

via Hoops Rumors|
#aspiration#carbon-credits#clippers
Steve Ballmer's $10M Investment and the Kawhi Leonard Endorsement Controversy
business11 months ago

Steve Ballmer's $10M Investment and the Kawhi Leonard Endorsement Controversy

Steve Ballmer invested nearly $10 million in Aspiration in March 2023 amid an NBA investigation into a no-show endorsement deal allegedly given to Kawhi Leonard, which Aspiration is accused of using to circumvent salary cap rules. The investment followed previous large investments by Ballmer and other Clippers officials, with the league seeking to determine if any impropriety occurred. Ballmer claims he was duped by Aspiration, whose co-founder pleaded guilty to fraud.

via New York Post|
#aspiration#business#investment
NBA Investigates Kawhi Leonard and Clippers' Cap Circumvention Allegations
sports11 months ago

NBA Investigates Kawhi Leonard and Clippers' Cap Circumvention Allegations

The NBA is investigating the Los Angeles Clippers over allegations that they used a sponsorship deal to circumvent salary cap rules by paying Kawhi Leonard millions of dollars without proper contractual disclosure, which could lead to severe penalties if proven true. The investigation is ongoing, and the league is examining evidence to determine the extent of the alleged misconduct.

via The Ringer|
#clippers-scandal#kawhi-leonard#nba-investigation
Clippers Owner Steve Ballmer Addresses Kawhi Leonard Endorsement Controversies
sports11 months ago

Clippers Owner Steve Ballmer Addresses Kawhi Leonard Endorsement Controversies

Los Angeles Clippers owner Steve Ballmer has called for an NBA investigation into allegations that he and Kawhi Leonard circumvented salary cap rules through a $28 million endorsement deal with the company Aspiration, which was later revealed to be involved in a fraudulent scheme. Ballmer claims he was unaware of the negotiations and was duped by the company, which has pleaded guilty to wire fraud, and he faces potential legal consequences.

via New York Post|
#kawhi-leonard#nba-investigation#salary-cap
"Steve Ballmer's 5 Tips for Success: From Bill Gates' Assistant to 6th Richest Person"
business2 years ago

"Steve Ballmer's 5 Tips for Success: From Bill Gates' Assistant to 6th Richest Person"

Steve Ballmer, the former CEO of Microsoft and the sixth richest person in the world, celebrates his 68th birthday with a net worth of about $148 billion. His career at Microsoft saw significant growth and success, with a focus on adapting to changing market trends, hiring top talent, rethinking business models, and planning for both short and long-term goals. Ballmer has also ventured into philanthropy and entrepreneurial endeavors, including owning the NBA's Los Angeles Clippers and investing in initiatives to support economic mobility and Black-owned businesses.

via Fortune|
#billionaire#business#microsoft