"The contract contained three pages of extensive obligations that Leonard had to perform,"
"And the contract clearly said that if Leonard did not meet those obligations, Aspiration could terminate the contract."
"In the months of discussion among our executives before signing the sponsorship, I don't remember conversations about the NBA salary cap,"
"was to circumvent the salary cap."
Aspiration reportedly signed a four-year, $28 million endorsement deal with Kawhi Leonard in 2022, while Steve Ballmer and others made investments in the company around the same time. An unnamed employee alleged the payment was intended to circumvent the NBA salary cap. The NBA is investigating potential violations; the Clippers and Ballmer deny wrongdoing and Ballmer says he had no knowledge of the endorsement contract. Former Aspiration CEO Andrei Cherny said he signed Leonard's contract in 2022, described detailed obligations in the agreement, and stated he did not recall salary-cap discussions among executives before the sponsorship.
Read at ESPN.com
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