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A legitimate carbon-credit deal measures emissions first, calculates the offset cost second, and never starts with a fixed budget.
The extra $2 million paid to Kawhi Leonard originated entirely with the Clippers, not Daktronics.
Aspiration Partners signed Kawhi Leonard to a never-announced four-year, $28 million endorsement deal he never performed services for.
The alleged Aspiration deal paired $28 million in four-year carbon-offset credits with $28 million for Kawhi Leonard, paid at $7 million yearly.
Two companies paid $10 million each upfront before Leonard endorsement deals. A third paid $2 million one day after paying Leonard.
When the Clippers increased scoreboard spending, they pressured Daktronics to increase Kawhi Leonard’s endorsement payment.
The proposed endorsement totaled $28 million over four years, plus $20 million in guaranteed stock.
The investigation concluded Steve Ballmer knowingly sought off-court income for Kawhi Leonard and significantly facilitated it at least once.
Wachtell reviewed 200,000 pages, interviewed 70 people, and found Steve Ballmer led the salary-cap circumvention campaign.
The NBA punished Steve Ballmer with a $30 million fine, five forfeited draft picks, and a one-year suspension.
The Clippers must forfeit five first-round picks, one from every draft between 2029 and 2033.
Steve Ballmer was suspended for one year for helping Kawhi Leonard pursue off-court income and approving a related deal.
Ballmer’s defense allowed introductions, not more. The investigation found conduct beyond that boundary.
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