The Los Angeles Clippers sent over $32.4 million to Aspiration on April 4, 2022, the same day the company signed Kawhi Leonard to an apparent “no-show” marketing contract worth $28 million, Pablo Torre reported Thursday on the “Pablo Torre Finds Out” podcast, citing new bank documents.
The $32.4 million transfer followed a $3 million payment from the Clippers to Aspiration three days earlier, on April 1, according to Torre.
The combined $35 million was reportedly earmarked as prepayment for carbon credits, which allow companies to offset their carbon dioxide emissions.
On June 14, 2022, the Clippers then sent a letter to East West Bank notifying the institution of their intent to wire just under $21 million to Aspiration, Torre added. Signed by the Clippers’ chief financial officer (though the name is redacted), the letter reportedly outlines carbon credits and a $10 million “reforestation project development” as the purpose for the withdrawal.