The details of September 3rd, 2025 in regards to the Los Angeles Clippers may need to be added to Finance 101 textbooks on every college campus.
The day started with a report by Pablo Torre that Kawhi Leonard may have been paid $28 million through a "no show" endorsement deal as a way to (allegedly) circumvent the NBA's salary cap (allegedly!).
I went into some detail on that story in a previous blog, and I'll link the video to Pablo's show if you want to get into the minutiae.
This revelation has obviously set the NBA world ablaze. However, Kawhi is not the only Clipper today that was wrapped up in a bit of financial tom-foolery!
Per Michael Shapiro of Chron.com, there was a lockout notice on the restaurant owned by James Harden because they had fallen behind in rent payments.
How on earth do you get to over 2 million dollars in unpaid rent before anyone says anything? How are they just now changing the locks on the doors?
Instead of the fan section chanting "L-A-C" at Clippers games, they're going to chant "L-L-C". I've read or heard that acronym more times today than the rest of the days of my life combined. I was today years old when I learned LLC stood for "limited liability company".
I'm ready for the one page case study that's going to pop up in Finance books that details the heater the Clippers were on today. Just some simple do's and dont's you can apply to everyday life.
Don't get in bed with a fraudulent tree planting company.
Pay your rent.
-WhataMark