Kawhi Leonard believes that the agreed-upon blockbuster trade that will send him from the Clippers to the Raptors will ultimately go through before Toronto begins training camp next month, Jake Fischer of The Stein Line reports in his latest Substack post.
That trade was reported in late June but Leonard officially remains a member of the Clippers due to the ongoing investigation into allegations that the Clippers attempted to circumvent the salary cap in order to pay Leonard beyond his contract numbers. The Raptors have chosen not to make the trade official until the investigation, which has already dragged on for 11 months, is completed and the NBA announces a resolution.
The trade was agreed upon with the understanding that Leonard would negotiate a multiyear extension with Toronto in his second stint with the organization, Fischer adds. Leonard has a $50.3MM salary for the upcoming season and would be an unrestricted free agent next summer if he doesn’t sign an extension.
Leonard is not the only player in limbo due to the investigation. If and when the trade is completed, the Raptors will send forward Brandon Ingram, guard Gradey Dick, two first-round picks, one pick swap, and two second-round selections to L.A.
The investigation dates back to last summer. Leonard had an endorsement deal with Aspiration, a now-defunct green banking company that also had a sponsorship deal with the Clippers. Leonard’s contract with Aspiration, described by podcaster and investigative reporter Pablo Torre as a “no-show” endorsement deal, prompted the NBA to launch the investigation.
The plot thickened last week when it was reported that Leonard also allegedly had a hidden, “multi-million” dollar endorsement deal with Daktronics, the company that manufactured the Clippers‘ ‘Halo Board’ scoreboard in Intuit Dome. Torre and Sam Koppelman of Hunterbrook Media, who broke the news, weren’t able to find evidence that Leonard actually did any endorsement work for Daktronics as part of the agreement.
According to Fischer, the recent revelations from Torre’s podcast — both the alleged Daktronics contract and an ownership stake in a soccer team in Rhode Island with tangential ties to Ballmer and the Clippers — were not news to the law firm Wachtell, Lipton, Rosen & Katz, which is conducting the investigation.
The Clippers are prepared to go to arbitration depending on the severity of the penalties assessed by the league once the probe’s findings are revealed, Fischer reports. Commissioner Adam Silver said last month that he expected the investigation to be wrapped up this summer.
Fisched notes that at some point over the next six weeks, it’s anticipated there will be a resolution involving some level of sanctions from the NBA against the Clippers but that the trade will be completed.