Leonard s Yin-Yang Contract Follow-up of the former executive of the company involved stated: His contract is not in the interests of the company

Clippers star Leonard is suspected of signing a Yin-Yang contract. Clippers boss Ballmer invests tens of millions of dollars in the company involved. Clippers are suspected of evading the salary cap. Such a scandal has attracted much attention and the league has officially intervened in the investigation.

The former chief legal officer, chief technology officer, chief financial officer and chief operating officer of Aspiration, the company involved, issued a joint statement -

When signing the endorsement agreement with KL2 Aspire, LLC, Kawhi Leonard, we served as chief legal officer, chief technical officer and chief financial officer of Aspiration, and reported directly to the then CEO Andre Chaney.

Despite significant objections from members of our executive team, the ‘Leonard Agreement’ was submitted to the company as a completed arrangement and was implemented by Mr. Channey. It neither reflects any strategy communicated to us before, nor has it been reviewed by Aspiration’s investment committee process. By contrast, a similar-sized deal ($29.5 million) was under the review during the same period.

At the time, the team expressed concerns about the high cost of the agreement and its inconsistency with Aspiration's brand and business strategy. Despite subsequent marketing efforts, these efforts eventually ceased and should not be interpreted as support for the deal itself.

In our opinion, the 'Leonard Agreement' is not in the best interest of the company. It was difficult to justify itself strategically at that time, but it is still the case now.

Previously, Pablo Torre revealed that there was a Yin-Yang contract between Leonard and Clippers boss Ballmer to evade the salary cap. He used the "job" endorsement contract to get $28 million (4 years). Leonard also received a secret additional contract worth $20 million. Ballmer bought Aspiration's stock worth $50 million at a premium of $11 per share.

Pablo Torre also revealed that Leonard's $1.75 million salary in Aspiration was overdue in 2022. Clippers' minority shareholder Dennis J. Wong injected nearly $2 million into the company. Nine days later, Leonard received the payment; on the same day, the company fired 20% of its employees.

Cuban recently visited the podcast of reporter Pablo Torre. He said that when the company involved Aspiration is in bad economic conditions, Ballmer will definitely send money to support him. Reporter Pablo Torre asked: "Why?"

Cuban explained: "Ballmer will give money and ask them to give Xiaoka, so that (Xiaoka's) will end and will not appear in the account in the form of debt."

Regarding the scandal involving the Clippers and Leonard, US reporter Tom Haberstroh said: If Xiao Hua does not severely punish the Clippers and Ballmer, it is equivalent to giving other teams a template - if you want to avoid the salary cap, it is like the Clippers doing this.