What happened: The NBA concluded its salary-cap investigation by fining Leonard $700,000 and imposing no suspension. The La Clippers will forfeit five first-round picks as part of the sanctions.
Why it matters: The penalties reshape the Clippers' long-term draft outlook and close a yearlong league investigation. Leonard said he had no knowledge of any intent to circumvent the salary cap.
By the numbers: The forfeitures
What to watch: Leonard's expected move to Toronto remains a key offseason development to watch.