Along with his $28 million endorsement contract with Aspiration, Kawhi Leonard allegedly additionally had a separate deal the place he would obtain an extra $20 million in firm inventory, reports John Karalis of Boston Sports Journal. The inventory got here from co-founder Joseph Sanberg’s private holdings within the firm over 4 years and produce Leonard’s promised compensation to $48 million. Pablo Torre, who first broke unique story involving Leonard and Aspiration, confirmed the $20 million stock deal.
When Leonard’s offers have been agreed upon in November 2021, Aspiration was elevating $600 million with a $50 million direct funding from Ballmer.
As a result of Aspiration has filed for chapter, Leonard by no means obtained any precise cash within the $20 million inventory deal and he’s additionally nonetheless owed a portion of the unique $28 million endorsement deal.
The Los Angeles Clippers have denied any involvement in Leonard’s endorsement deal past the preliminary introduction, which is frequent follow for NBA groups. The NBA is investigating the circumstances.
