Macro Finance
NBA Hits Clippers With Historic Penalties
Bloomberg Markets·September 6, 2026·1 min read
The NBA fined the Los Angeles Clippers $30 million and stripped five first-round draft picks after an investigation found the team circumvented salary-cap rules by facilitating off-court income for Kawhi Leonard. Owner Steve Ballmer was suspended for a year; Leonard was fined $700,000.
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