The alliance is furious! Leonard is suspected of Yin-Yang contract, the punishment plan has been exposed, and the bosses such as Cuban express their opinions
On September 4, major news occurred in the NBA. Several American media and authoritative sources reported that the Clippers and star Leonard were suspected of signing a Yin-Yang contract, resulting in Leonard making at least $28 million in vain, and Ballmer also avoided exponential luxury taxes. Once the incident broke out, many people were surprised, but as more and more media and journalists reported, famous reporter Shams also reported the matter. So there seems to be a conclusion on whether Leonard and the Clippers actually signed the Yin-Yang contract. Fans familiar with the NBA know that signing a yin and yang contract is a taboo in the NBA. A Yin-Yang contract refers to the team signing a lower amount when signing a contract with the player in order to avoid luxury taxes, and then privately return part of the money to the player in some way, so that the player's interests will not be damaged, and even get a little more. Then the team also avoids taxes and saves expenses, achieving the goal of "win-win". However, the Yin-Yang contract made the team and the players a "win-win" situation, but the league suffered losses. On the one hand, the luxury tax revenue was reduced, and most importantly, fairness was broken and the interests of other teams were damaged. Xiaoka's suspected Yin-Yang contract this time is a relatively advanced operation. It is reported that Xiaoka has a false endorsement contract with a bankrupt carbon neutral company suspected of fraud, worth $28 million, but the job actually doesn't exist at all. The company has received a secret investment of $50 million in Clippers boss Ballmer. A few weeks later, the Clippers and Aspiration reached a 23-year sponsorship agreement totaling $300 million. In November 2021, Leonard registered his own company KL2 Aspire. What is surprising is that in the summer of 2021, Leonard could have signed a 1+1 contract with the Clippers for 2 years, 82 million yuan, and then in the summer of 2022, the Clippers will have his bird rights, and then he can sign another 5-year, super maximum salary of 242 million yuan. But Leonard chose to renew his contract for 175 million yuan in 2021. At that time, everyone thought he was old and had many injuries. In order to pursue stability, he did not think about the yin and yang contract at all. However, despite being deeply involved in the scandal, the Clippers officially issued a statement to refute the rumor: "Mr. Ballmer and the Clippers have never evaded the salary cap or engaged in any misconduct through Aspiration. Any objection can be proven to be false." Although the Clippers do not admit it, the NBA league is already furious. The NBA official has issued an announcement and has begun to thoroughly investigate the matter. Then if this matter is true, the Clippers will face very severe punishment. The last time the NBA had a Yin-Yang contract was in 1995, when the Timberwolves and No. 1 pick Joe Smith signed the Yin-Yang contract, and the matter was finally revealed. The league confiscated the Timberwolves' first round pick for five consecutive years (two were eventually returned). Now, according to the league's latest penalty rules, the league will fine the Clippers up to $7.5 million and players up to $350,000. The contract will be invalidated or renegotiated, the contract will be modified, multiple future draft picks will be cancelled, and those involved in violation of regulations will be suspended for one year. So, according to the rules, if the small card Yin-Yang contract is confirmed, then the Clippers will be really finished. Not only now, but in the next few years, it will be difficult to deal with. However, some people in the industry also questioned that the matter still needs further investigation and there is no need to draw conclusions in advance. On the one hand, it is because Ballmer is really not short of money. His value can buy the other 29 teams. He has no need and no motivation to save luxury taxes. On the other hand, Ballmer is not stupid either. He knows the seriousness of this matter, so he has no need to take risks. So the former Mavericks boss Cuban also expressed his latest view, and he believed that the matter was not credible because Ballmer was not so stupid.
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