Marc Lasry Refutes Claims of Salary Cap Evasion by Steve Ballmer
Marc Lasry, former co-owner of the Milwaukee Bucks, has publicly dismissed allegations that L.A. Clippers owner Steve Ballmer circumvented the NBA’s salary cap in 2021 by funneling payments to star player Kawhi Leonard through a third-party entity.
In an exclusive interview with CNBC, Lasry stated, “It’s not something I would ever believe. I’ve always found him to follow the rules and do what’s right.” His remarks come amid reports that Leonard entered a $28 million sponsorship deal with Aspiration, a company in which Ballmer invested $50 million.
Background on the Allegations
Journalist Pablo Torre revealed that Leonard’s contract with Aspiration required minimal engagement from the player, suggesting the arrangement was designed to supplement his income beyond the NBA’s salary cap constraints. Sources within Aspiration reportedly indicated the deal aimed to covertly increase Leonard’s compensation.
Following these disclosures, the NBA initiated an investigation into the potential salary cap violation. Meanwhile, Aspiration has filed for bankruptcy this year, and its co-founders face fraud charges unrelated to the NBA inquiry.
Lasry’s Perspective on NBA Compliance
Lasry emphasized the strict regulatory environment within the NBA, noting the league’s clear rules and the consequences of violations. “In the NBA, everybody knows the rules. You follow it, and it’s because you know that if you don’t, you’re just going to get in a lot of trouble,” he said.
He acknowledged the high stakes and pressure to succeed in professional basketball but maintained that this does not translate into a willingness to bypass regulations.
Responses from Ballmer and the Clippers
Steve Ballmer and the Clippers organization have categorically denied any involvement in circumventing the salary cap. The team’s statement underscores their commitment to compliance with league rules and integrity in operations.
Conclusion
Lasry characterized the allegations as likely overblown, stating, “I think it’s probably a lot of smoke, but I don’t think there’s much there.” His comments offer a perspective from a seasoned NBA executive familiar with league governance and ownership practices.
Lasry sold his ownership stake in the Bucks in 2023 to Cleveland Browns owners Jimmy and Dee Haslam, in a transaction valued at $3.5 billion.
FinOracleAI — Market View
The NBA investigation into the alleged salary cap circumvention involving Steve Ballmer and Kawhi Leonard introduces reputational risks for the Clippers and potential regulatory scrutiny. However, the denial from Ballmer and the perspective of Marc Lasry, a respected former owner, may temper immediate market concerns. The bankruptcy and fraud charges against Aspiration’s founders add complexity but are distinct from the NBA’s probe.
Investors should monitor developments in the NBA inquiry and any official rulings that could affect the Clippers’ operational compliance and financial flexibility. For now, the news is unlikely to have a material short-term impact on the team’s valuation or Ballmer’s broader business interests.
Impact: neutral
