
Kawhi Leonard Addresses Allegations Amid NBA Investigation Over Endorsement Deal
Kawhi Leonard denies any wrongdoing in light of an ongoing investigation by the NBA regarding his endorsement deal with Aspiration Fund Adviser LLC.
Kawhi Leonard expressed on Monday that he has not received all payments owed to him from his endorsement deal with a California company currently under investigation by the NBA; however, he firmly stated that he did not commit any wrongdoing.
The star player from the Los Angeles Clippers addressed the issue during the team’s media day, following a report by journalist Pablo Torre, which claimed the team may have infringed upon the NBA’s salary cap regulations concerning a $28 million contract between Leonard and the now-insolvent firm, Aspiration Fund Adviser LLC.
The NBA is currently conducting an investigation through an external firm.
“The NBA is going to do their job. None of us did any wrongdoing and that’s it,” Leonard stated, emphasizing that the inquiry wouldn’t distract him or the team.
The Clippers have categorically rejected any allegations of impropriety, expressing their support for the investigation.
“We’re eager for the truth to emerge,” noted Lawrence Frank, the team president of basketball operations, in a recent statement. “The assumptions and conclusions made thus far are disappointing and distressing; we believe the investigation will reveal the inaccuracies of these claims.”
Previously, Aspiration, which was co-founded by Joseph Sanberg, entered into a $300 million partnership with the Clippers in September 2021, shortly after Leonard signed a four-year, $176 million contract extension with the team. Following persistent issues, the Clippers terminated their relationship with Aspiration, citing default on the contract.
“I’m hurt for Steve. He’s one of the most honorable individuals I’ve met,” Frank lamented. “He acts with integrity and continuously advises us to adhere to the rules.”
Aspiration owes Leonard approximately $7 million of the total $28 million stipulated in the contract prior to declaring bankruptcy, while Sanberg has agreed to plead guilty to federal fraud charges, implicating him in a scheme that defrauded investors and lenders of $248 million.
“This was a widespread fraud case involving numerous victims,” Frank stated.
Leonard highlighted that his main concern remains focused on the forthcoming season as the Clippers prepare to start training camp at the Intuit Dome.
