Payton Pritchard says hi.
I side with Al on this regardless of Payton Pritchard and Evan Turner or that guy from Wisconsin (Canât remember the name because all those Wisconsin guards from the 2010âs are indistinguishable).
George Carlin once suggested a controversial basketball scoring rule: 25 points for a basket made by the ball bouncing off another playerâs head.
Itâs all just a coincidence, sure Cuban and clippers media friends will try to talk this away too!
came here to say Pabloâs new post is titled âthe smoking gunâ
Donât wory weâve got another Cuban!
I just finished listening to it and itâs pretty damning- no smoking gun as far as tying Balmer in writing to circumvention, but the circumstantial evidence keeps piling up to the point that any rational arguments AGAINST circumvention sound far-fetched.
In short:
- Kawhi was supposed to get his $28 M/4 ($7M/yr) in quarterly payments of $1.75 M
- Aspiration was in financial distress but a cash flow statement in Oct 22 listened the payment to Kawhiâs holding company as âcriticalâ
- Dennis Wong, Clippersâ minority owner, and former college roommate of Steve Ballmer made a payment of $1.99 M to Aspiration as an investment- about a week later, Kawhi was paid the $1.75 M. Wong had never before invested in Aspiration and valuation for his invest was roughly at $3 Billion for the company (0.07%)
- The date of that $1.75 M was on the same date they laid off a lot of employees, including some execs (I think CEO and chief legal counsel IIRC)
- Oh and Dennis Wongâs daughter was employed by Aspiration at the time all of this was going on- not in finance, but Torreâs sourcing knew her as a colleague
Pretty sure that Pablo has been sitting on this one just to see the reaction of the first report, and then dropped this last night to double down on it. Itâs looking worse for the LAC and Kawhi.
Also, I wonder if the other owners arenât saying anything because they have done the same for star players. Pablo hinted that itâs the case.
Pablo said that several owners are irate, actually
I do not think this is a widespread practice.
Hollinger said specifically that this is absolutely not widespread to his knowledge and he expected the other 29 teams to be pissed
You can probably count on one hand the amount of owners that are willing to go into the luxury tax without kicking and screaming and people really thought there was this wide spread amount of owners who were willing to burn 20mil+ to circumvent the cap. Yeah sure players using owners houses and jets is common but it was absurd to think something like this Leonard thing was widespread.
I would bet that Donlan isnât among this group of owners. Pablo is teasing the Jalen Brunsonâs contract.
Right, there are small time extra perks or whatever that will be thrown in, but nothing even close to $50 mill under the table.
I think thereâs some grey area here re: owner behavior probabilities. Like, the reason why the luxury tax is so hated is bc thereâs a cliff where you go from getting paid to having to pay and itâs a big chunk of change and you get nothing for it. Going just over the tax doesnât get you a much better team or valuation.
Itâs a pretty well designed tax from that perspective tbh.
But if youâre an owner contemplating circumvention, there are obvious gains to your team. You get players you wouldnât otherwise and itâs also a plausible means for avoiding the tax, among other obvious freebies that you get.
So I donât think it was immediately obvious that nobody else was doing it. I think once you hear something is happening thatâs difficult to discover has happened, reasonable to guess itâs not an isolated incident. But Iâd forgotten Kawhi had been investigated for exactly this stuff already. And youâre right that Ballmerâs wealth is just an entirely different order of magnitude
The Knicks have so many shady but allowed things on Brunson
-Their VP is Brunsonâs godfather and father of Brunsonâs agent
-They hired his dad
-Their initial contract offer to him when he switched teams was considerably higher than the market (Ie, paid him then, maybe donât need to pay him now)
All these things are iffy and suggest a non-intervening way that Brunson would take a below market contract
Clippers sent Aspiration 32 mil the day Kawhi signed with Aspiration.
(Yes I know this is fake)
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This is good. By all reports Iâve seen Ace is a good kid. I even have a friend who taught him in HS and speaks very highly of him