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Did the LA Clippers Take a Page from the Mob?

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Manage episode 508647574 series 3573038
Content provided by iHeartPodcasts and Pushkin Industries. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by iHeartPodcasts and Pushkin Industries or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

The NBA is investigating the LA Clippers and team owner Steve Ballmer over allegations that star player Kawhi Leonard accepted a $28 million endorsement as a way to get around the league’s salary cap. The endorsement deal was with the now-defunct sustainable banking company Aspiration—a company in which Ballmer has invested. Nate and Maria talk about whether Ballmer tried to take a page out of the mob playbook, and how the league could deter this kind of behavior in the future.

Plus: Nate and Maria discuss a report from the Citizens Budget Commission that claims that New York’s share of millionaires is falling—and with it, the potential for revenue generation from taxes.

Further Reading:

From Pablo Torre Finds Out: Kawhi Leonard Signed a Secret $28M Deal. Steve Ballmer Funded a Fraud. We Followed the Money.

Citizens Budget Commission Report: The Hidden Cost of New York’s Shrinking Millionaire Share

From the New York Times: New York Needs More Millionaires, Fiscal Watchdog Says

For more from Nate and Maria, subscribe to their newsletters:

The Leap from Maria Konnikova

Silver Bulletin from Nate Silver

See omnystudio.com/listener for privacy information.

  continue reading

82 episodes

Artwork
iconShare
 
Manage episode 508647574 series 3573038
Content provided by iHeartPodcasts and Pushkin Industries. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by iHeartPodcasts and Pushkin Industries or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

The NBA is investigating the LA Clippers and team owner Steve Ballmer over allegations that star player Kawhi Leonard accepted a $28 million endorsement as a way to get around the league’s salary cap. The endorsement deal was with the now-defunct sustainable banking company Aspiration—a company in which Ballmer has invested. Nate and Maria talk about whether Ballmer tried to take a page out of the mob playbook, and how the league could deter this kind of behavior in the future.

Plus: Nate and Maria discuss a report from the Citizens Budget Commission that claims that New York’s share of millionaires is falling—and with it, the potential for revenue generation from taxes.

Further Reading:

From Pablo Torre Finds Out: Kawhi Leonard Signed a Secret $28M Deal. Steve Ballmer Funded a Fraud. We Followed the Money.

Citizens Budget Commission Report: The Hidden Cost of New York’s Shrinking Millionaire Share

From the New York Times: New York Needs More Millionaires, Fiscal Watchdog Says

For more from Nate and Maria, subscribe to their newsletters:

The Leap from Maria Konnikova

Silver Bulletin from Nate Silver

See omnystudio.com/listener for privacy information.

  continue reading

82 episodes

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