What happened: The inquiry concerns allegations that the Clippers circumvented the salary cap through Kawhi Leonard's endorsement arrangements. Ballmer and the Clippers have denied wrongdoing.
Why it matters: Toronto would assume the risk of any penalty imposed on Leonard if its pending deal is completed. Failure to reach an agreement could push the dispute into 2027.
By the numbers: The inquiry has lasted roughly 11 months since opening in September 2025; it centers on Leonard's reported $28 million Aspiration endorsement.
What to watch: The league's formal findings and the scope of any negotiated penalty are the next steps. An impasse could send the dispute to arbitration.