Pablo Torre Finds Out - Team Ballmer vs. Team Sh*tting Bricks: An Argument with Mark Cuban

Episode Date: September 5, 2025

As the NBA announced an investigation in response to Pablo's reporting on Kawhi Leonard and the Clippers, he turned a Twitter war with the longtime Dallas Mavericks owner into an exclusive, impromptu debate. It was congenial and contentious, hypothetical and hyperbolic — and very, very revealing. About the secret world of billionaires and sports ownership. About oversight and due diligence and responsibility. About scams and sharks and toilets and, yes, Uncle Dennis.• Previously on PTFO: The Richest Owner in Sports, the Silent Superstar and the Rotten Apple Tree Hosted on Acast. See acast.com/privacy for more information.

Welcome to Pablo Torre finds out. I am Pablo Torre, and today we're going to find out what this sound is. If I'm wrong on this and you're right, then Steve is not as smart as I think he is. Right after this ad. There he is. What's our problem? Sorry, I don't have a great image here. Just like last second.

This is, by the way, we're recording now. Are you good? We're good to get to. No, good. Okay, amazing. Yeah, rock and roll. Thank you for doing this. It's rare that a Twitter interaction.

results in something like hopefully dialogue. Yeah, I'm good for dialogue. I don't have a dog in the hunt, right? From a Mavs perspective, I hope they're cheating, right? I mean, there's no reason for me to try to defend Steve Ballmer other than for what I think is right. What's your relationship like with Steve Bomber? Fine.

I mean, we get along. Nothing special, nothing over the top, nothing like, hey, we do tons of trade. He's my best friend as an owner. Nothing like that at all. Yeah, have you talked to him about this reporting today? No, not at all, no. So I just got to jump in here for a second and interrupt Mark Cuban, the former majority owner of the Dallas Mavericks and longtime Shark from Shark Tank,

to say that if you missed our last episode here at Pablo Torre finds out, the reporting that we're both talking about at the moment has to do with this. Have you all seen this information about Kauai? Shout to Pablo Torre, man. Crazy journalism from my boy, man. He dropped a bomb this morning. Major drama and serious. allegations surrounding the LA Clippers.

Clippers superstar, Kauai Leonard, signed a $28 million endorsement deal with an environmental startup funded by Clippers owner, Steve Bomber. Now, according to an investigation by Pablo Tori finds out, former employees are now raising concerns that Bombers' $50 million personal investment in the company currently under federal investigation for fraud went on a round trip to power Leonard's no-show job and skirt NBA rules. I want to give them the benefit of the doubt and I want to put that out on Front Street. and Steve Barmer is one of my favorite owners in the league.

I just think that he's a good man. But that doesn't mean this doesn't warrant an investigation. So I should say also here that on Wednesday, the NBA announced, quote, we are aware of this morning's media report regarding the LA Clippers and are commencing an investigation, end quote. And in fairness, and to be clear, the Clippers stand by their initial statement to Pablo Torre finds out that neither Steve Balmer nor the Clippers circumvented the salary cap,

which Commissioner Adam Silver, by the way, reportedly does see as a cardinal sin cap circumvention. In fact, the last big time that an NBA team officially got caught with their hands in the cap circumvention cookie jar was about 25 years ago. Timberwolves owner, Glenn Taylor, and general manager Kevin McAil, had secretly promised forward Joe Smith that if he signed a below-market free agent deal, he would eventually sign a seven-year $86 million contract. Now, Commissioner David Stern in response decided to strip Minnesota of five first-round draft picks

and also fine the team $3.5 million, and also effectively suspend both the owner and the GM we just mentioned for the whole season. But as all to say, that the NBA says that they really, really, really care about cap circumvention. so much so that one current NBA general manager texted me after seeing my above-mentioned Twitter interaction, my Wednesday evening beef with Mark Cuban, the following. Quote, I don't see any way the NBA lets Cuban talk to you. And yet. My name is Mark Cuban, and I live in Dallas, Texas, and I'm co-founder of cost plus drugs.com.

And so look, I got about a zillion things that I wanted to ask Mark Cuban about one-on-one, including about his own oversight of his own NBA team, the Dallas Mavericks, as well as some of the other scandals therein. But the focus of our specific argument here concerned my own reporting into the secret world of billionaires and sports ownership, as well as oversight and due diligence by very smart and very rich figures, like Mark Cuban and Steve Bomber. And in particular, the Clipper's relationship

with a company named Aspiration. So when I saw this, when I saw your report, right, I went up and I just searched in my email to see if they had ever sent me anything because I figured if they're trying to pitch Steve Balmer, they're probably trying to pitch me. So they did. In March of 2020, they sent me an email asking if I wanted to get involved.

Who was the guy who sent the email to you? Let me find it. Hold on. Yeah. Let's see. Aspirate. Mark's going through his phone. He's searching for aspiration, which is just a delight for me to help Mark Cuban revisit the past. 326, 2020, from Joe Sandberg with Cici to Andre Churny.

Yeah. Mark, I co-founded Aspiration, and the Aspiration team wants to move on this with you. I've copied my co-founder. Aspiration has 1.8 million users, raised 200 million of VC, and is focused on delivering socially conscious financial services to everyday Americans.

Would you like to connect by phone so we can operationalize ASAP? First, that's really aggressive, right? I mean, it was like the assumption closed, didn't even ask questions. Because this was during, right when the pandemic hit and everything had just shut down, right?

And people were trying to get money and we were talking about making money available. And so this guy's coming in and saying, we can do it. We're a bank. And I said, well, are you even a real bank? I appreciate your desire to help. And he said, no worries. Building on my prior response, we have a bank partner that is ready to go on this. We have been finalizing a product with them. We could literally do one million of these $1,200 loans. First of all, a company that I've never heard of ready to do over a billion dollars in loans, okay, that was a red flag. And that was the end of it. I never followed up with

those guys. And I don't have anything else from any of them going forward. It's just fascinating to know that he was stiffing around the NBA. Obviously, this is Joe Samberg, by the way, who... August 21st, 2025, this is the DOJ's press release. The headline is, Aspiration Partners co-founder charged and agrees to plead guilty to a $248 million scheme to defraud investors and lenders. And there's yet more, by the way, in his file with the Justice Department.

The SEC is also now investigating him. All of this stuff is part of my fascination with the story. I want to get, though, to why we are doing this, because I don't expect everybody to be on Twitter following both of us. They're probably following you. What a disaster it would be for their mental health if they were following our back and forth. But the reason that I reached out to you so explicitly was

you do begin your post by saying, I'm on team bomber, period. And I'll just read you the quote and then you can help explain what it is that you mean. As much as I wish they circumvented the salary cap, first, Steve isn't that dumb. If he did try to feed KAL money, Kauai Leonard money, knowing what was at stake for him personally and his team,

do you think he would let the company go bankrupt, knowing all creditors would be visible to the world? They got scammed by aspiration along with many others, crimes for which they pleaded guilty last week. Scammers do scammy things. They did a $300 million sponsorship deal with the Clippers in 2021. That's a huge deal. Huge in all caps.

The better the team does, the more value the sponsorship has. It actually makes perfect sense that if they stole money from investors and want the Clippers to succeed, why not give stolen money to help keep their best player question mark. And then the last graph, Mark, it's sad that Pablo Torre didn't take the time to find out how these scammers pulled off their scam. The idea that the default is bomber is the bad guy is going to backfire on him, period. Yeah, so the reason I'm on Team Bomber, right, is when I go back and I looked, the deal was in 2021 before their arena opened, right? Right when Kauai signed their new contract and it's $300 million.

When you get a deal of that size with a new category sponsor, the MBA has to approve it. So first of all, the MBA had to have looked into this. But that wasn't, you know, the overwhelming thing. Then they defaulted on that deal, right? They stopped doing it, and Balmer made an announcement at some point in time saying that the deal was not moving forward. And this was several years ago. But that wasn't really the trigger for Team Balmer. The trigger for Team Bomber was in January of 2024 when it was, you know,

it was either the SEC or CFTC said that they were under investigation. So the minute aspiration was under investigation, I guarantee you, in the mortal words of Charles Barkley, I guarantee it that the NBA took a hard look at it. And not only that, that Balmer, if he did something illicit and under the table and tried to, you know, work around the salary cap, then he's got to be shi-brick. right? Because at that point in time, he's the dumbest human being on the planet because he trusted these scammers to do something he knew was against all MBA rules. A, I just don't see that happening. B, the NBA would have found it easily. Three, and this alludes to the Steve Bomber can't be that dumb thing.

I mean, I guess I've been scammed, everybody's scammable. But in order for this to work, in my opinion, he has to trust that whole company. And at that point in time, you know, he trusted them enough to give them an investment at some level, but I don't see how he would trust that company to keep probably his darkest secret as an MBA owner so that it wouldn't get out. I just don't see in any way, shape, or form that all those things could happen. it's fascinating to probe the mind of a former MBA owner about the logic, right? I still am 27% but I'm not the governor yet. I don't, excuse me, excuse me, sir.

I'm just playing with you. I'm playing with it. Part owner Cuban. If I, emperor, God emperor. No, I'm kidding. The thing I wanted to ask about, though, as I probe your thinking, right? Because it's fascinating to see how you would approach this dynamic. Right.

Because I'm thinking, like, well, you know, would it be different? as a calculus to you, if Steve Bomber had personally put in like $50 million and was personally helping with the business development of aspiration with the co-founders of the company, if he was like, you know, doing that sort of a thing where he was personally helping. I could see what I can see happening is, okay, you're going to do a $300 million deal with us. I'll put $50 million in, right? He probably has no idea how, you know, the day-to-day operations, because in the bigger scheme of things, there's just not enough hours in the day to deal with that, right?

But let's talk about the logic of that, right? Because I think you're making sense. You're making dollars in cents now, right? So there's a $300 million incoming to the clifers. Potentially over time, yeah. Over 23 years, specifically. Right. And that's in 2021 in the fall.

But then I'm just trying to rack my brain and I'm like, okay. So if he were to put in $50 million while getting $300, back, why is that a good business decision? Just for people who don't understand this stuff, why is that a good business deal? Well, so there's got to be more than one piece to that, right? Because it's not necessarily, give 50, get 300, right? First of all, over 23 years, that's a long time. The net present value is in that prison value. Whatever, right? But if you're looking at it, you know, and again, do you know the date of when he invested the money, I don't? September of 2021. Right when they made. So right around the time they made the announcement,

right, that they were going to be a partner. Yeah. Okay. So he gives 50. Now, what you're suggesting that there's a quid pro quo, right? I'm suggesting that people have asked the question who used to work for the company whether there was a quid pro quo. Of course, yeah.

But at the same time, these guys were doing carbon credits. These guys are doing, you know, the ability to offset, you know, his travel, just like I bought carbon credits to offset my travel, right? So he's thinking it's a good cause, right? So that's the other thing that I'm thinking. I'm not thinking that he's saying, okay, these guys are scammers and I know they're scammers, so maybe they'll do a scam for me.

That's what I see is implausible. And that part doesn't work for me. Yeah, I guess what I'm wondering about is if there had to be something else missing for why you'd give 50, get 300 over 23 years, right? So the math there, again, you do the math. Well, and Kippee, maybe you believed in the business. Maybe you believed in the competition.

Sure. I mean, just look at Sam Bankman-Fried, right? There's a whole lot of people that believed in him until they didn't. Now, I don't know if that's $50 million big for Steve, small for Steve in between. I have no idea how he usually invests. But I do know that if he believed in the business of carbon credits and offsets and trees, if it works, it works. And if it doesn't, it doesn't. So is your theory then?

Because I guess I want to also just introduce something because people who are not familiar, I'm trying to bring in as big an audience as possible who aren't steeped in the lore of the NBA, right? Sure. Steve Bomber, as he described himself, is, of course, a hardcore basketball fan. And so are you. Like, you too are actually two of the guys I think of

when it's like really rich dudes who own teams, who really care about, say, the distance between the toilets and the seats, right? So there is a micromanaging aspect. No, no, no, no. You're getting two things. That's not micromanaging, right? That's where we'll diverge again.

So I see where you're going. You pay attention to the detail. If you're paying attention to details as small as how far are the toilets versus, you know, paying attention to any $50 million investment, obviously you're going to pay attention to the details. But no, right? What I said, when I heard him talk about the number of toilets and the distance to toilets, that's just trying to optimize.

And so the bomber, like I was on the audit committee with Balmer. And Balmer was the one guy who looked at numbers, right? Now, you may think that's an indictment of him, right? But the reality is he's always trying to optimize. That's the way he thinks. That's the way entrepreneurs think. That's the way I think. You know, how am I going to optimize the experience for fans?

And if you're trying to spend $1.2 billion and differentiate your arena, the number of toilets and the distance in time it takes to get to them and your food, et cetera, is just, you know, a metric that you use to determine, you know, how different you're going to be. I don't think it's indicative of anything. I want to take it beyond just the toilets. Sure. Because Aspiration was a founding partner of the Intuit Dome,

but certainly there are sponsors of a level in which their logos on the back of the court side seat, right? Their signages everywhere. Right, right. You're going to get on the jersey, whatever. On the jersey patch, exactly right. So is there a level of familiarity with that sponsor that is not quite the same as a lesser sponsor?

In your experience as the owner of the Mavericks. Yes and no, yes, from the perspective of you're shaking their hands and taking pictures, no matter what. You're showing up at an event, no matter what, right? You're doing the things that makes your customers happy, no matter what. You're taking it to, like, I really put in the effort to know their business? Hell no, right? Because sponsors come and sponsors go.

You know, there are some sponsors like, I just went back for the MAVs this week and we honored Coca-Cola and Budweiser. Southwest Airlines. But, Mark, those are a bit different from the Green Bank aspiration, those legacy brands that are very established. 100% different, 100% different, right? But at the same time, you know, it's not that much different in that you're not going to all a sudden become an expert in their business or even dig into details like you're suggesting.

Now, what if you happen to invest $50 million of your personal money into it? I've invested millions of dollars into people I've never met. Have you invested 50? Not in people I haven't met, but 10 to 15. On a relative basis, it's about the same. Point taken, Steve is a lot richer than both of us. But the question I'm asking is it's not merely some sponsor. It's the thing you sort of need to assess, right?

Like, if Steve Bomber is Mr. Optimization, right? I imagine what he might want to look at, for instance, is like the list of, frankly, sources of business that this thing you invest $50 million into might be. No. You're suggesting that you would not want to... You probably has a team that does due diligence. And the NBA has a team that does due diligence because it's a new category. And if the NBA approved it, they're probably going with it.

Just like when crypto hit and we got hit, the heat got hit because of the sponsorship and everybody questioned, you know, crypto.com because of it. The NBA had to approve that category. Does it mean that, you know, everybody looked into the depth of details? No, it doesn't. I guess what you're saying is FTCS happened, and that should give us a sense of how poor the vetting process from the MBA is when it comes to the sponsors that they sign with. Yes or no, right? So let me just tell you what happens. I invest in the company and they say, Mark, can we put out a quote for the press release and everything? I'm like, go ahead and write it up. I'll approve it. I'll, you know, unless there's something funky about it, I'm like, go for it, right?

Half the time, if it's smaller investment, I don't even check. You know, you've got, I've got people who do deal diligence on these deals, like my Shark Tank deals, due diligence team comes in. Bigger deals, a little bigger team comes in. What do you think? Here's my questions. Get these answers. Do I go into the absolute details?

No. So I want to understand something, though, because when you're saying that Steve Bomber, was a guy who, of course, wanted to optimize everything, wanted to recruit the best players and all of that. And you had experience, of course, doing the same thing in your own parallel way. I actually want to take us back to one of my favorite Internet stories where I really did come to appreciate you on NBA Twitter

as an entity, which was the chair in front of the door, DeAndre Jordan, 2015. In a stunning reversal, free agents to NBA Center, DeAndre Jordan, backed out of a commitment, to sign with Mark Cuban's Dallas Mavericks. Instead, he is resigning with Steve Bombers, Los Angeles Clippers. Clipper Blake Griffin posted this pick to Twitter,

as he and teammates helped keep Mav's owner Mark Cuban away and sway Jordan, their free agent center, to renege on his contract agreement with Dallas. What I loved about that was it went to the extent of showing how much everyone cared about getting these players. And so I just want to establish that as just a general principle. But you're also saying that, that Steve Balmer is not the type of person who would want to bend or break the rules of

cap circumvention to get such players. Because you have to look at the risk reward. You have to look at the risk reward. So the question I have is what explains the fact that in that same case of DeAndre Jordan, which of course involved you with the Mavs and Steve Balmer with the Clippers, why was Steve Balmer's Clippers team fined $250,000 by the NBA for parents, reportedly, offering a Lexus endorsement, arranging a Lexus endorsement, according to reporting, to D'Andre Jordan.

Yeah, I don't know. I don't even remember that part happening. That part I don't even recall. Yeah. I mean... It did happen, though. Yeah. Yeah, I'm not saying it did, right?

That would have been dumb. Like, look, if I'm wrong on this and you're right, then Steve is not as smart as I think he is. Well, I'm team shing bricks, Mark, I guess is what I'm saying here. I'm team shi-bricks based on the reporting, right? So can I, I don't want to cut you off because I actually want to know what you're about to say. I just feel like a really smart guy

can be so desperate to get a star player that justifies the entire mission of opening a privately funded stadium to compete with the Lake Year specifically who were competing with him. And in fact, when it comes to a bunch of scammers, who maybe he didn't know were scammers in 2021, but clearly saw them as aligned with him on,

we're going to help you do what you want to the point of him helping with business development. The whole idea of, did he have zero idea that these guys that he was dealing with on a day-to-day basis, C-Cing with the CEO of Intuit, according to emails that we found? Is it possible that that guy would have no idea that they were paying $28 million for a no-show job to the guy who was his most valuable employee

while there was also simultaneously, in that same timeline, a $300 million $23-year contract being struck between the company aspiration and Steve's baby, the Los Angeles Clippers, that also had in the document that we acquired, the contractual language, outs at every turn for him to not do anything, and in fact, none of it was ever reported until today. You're saying that that's plausible to you. Yes. Yeah, I mean, look, the shit that happened at the Mazda had no idea was happening, and people didn't think that that that was marginally feasible because you can't, you can't pay attention to everything and every deal that you do. Why did Kauai Leonard take less money, do you think? Maybe he had that deal in hand,

and that was his reason. I don't know. I don't know. Because I have seven sources that say it was to circumvent the salary cap plus the documentation that suggests that's exactly what happened. Well, the documentation is the contract you're talking about that says if he no longer plays for the clippers, right? Yeah, among other things, yeah. Yeah, yeah. I mean, I can make the same argument that the scammers benefit as much because of their sponsorship. Wait, how do you? Can you explain that one? So in every huge sponsorship deal, you get tickets, you get appearances, you get all kinds of ancillary shit, right? And the better the team, the more valuable that is, right? All of our sponsors are going to want to have access to Cooper Flag.

Everybody wanted access to Luca, no matter what, right? And part of us getting those bigger deals was giving people access. And so the better the team, the better the stars, the better the value of the sponsorship. So are you in dispute at all that the deal Kauai signed in that document, as reported, to the extent that you've seen it? That clearly was to circumvent the cap. It's merely that Balmer was not aware of it. That's the argument that you're making then. Right. So who would have known about it at the Clippers then?

Who would have known? Wait, no, I don't think anybody knows about necessarily at the Clippers. Nobody would have known about the fact that Kauai- So my logic is different than yours. My logic, I'm putting the hat on of aspiration. Yes. And just the aspiration hat on, right? If I'm paying Kauai to do something for me,

even if it's a no-show Tony Soprano job, right, he's of no value to me in Dallas. Yeah. I can take some of that scam money that I just brought in and let me give it to Kauai in the deal because if Kauai stays, they're probably going to be better. And if they're better, my sponsorship money is worth even more. There's more value to the scammers to doing this deal than there is to Balmer for doing the Kauai deal.

So I guess I just want to square the circle here, right? Because the team had a relationship with aspiration that it ended as described in 22, 23. Right. And that started in 21. The Kauai contract also started in, I mean, well, the LLC was registered and the LLC was named very conveniently for my purpose, is KL2 Aspire LLC in 21. Pretty stupid, yeah. I mean, not the most genius planned by Uncle Dennis Robertson, admittedly.

But the point is that all of that stuff was happening simultaneously. So let me ask you a question. Let me ask you a question. Yeah, please. I just don't understand how the Clippers would have no idea. Help me with the timeline here. Yeah, yeah, yeah, yeah. Because I forget when Uncle Dennis was an issue and him trying to do side deals.

2019. That was after he won the Kauai won the title with the Raptors. Right. And that was a topic at the Board of Governors meetings. I remember that. I just don't remember the years. Can you explain what that meeting was like, actually? Because I'm fascinated as to how that goes.

Yeah, it was basically, it wasn't specific to Uncle Dennis, but he was an example. It was effectively that you have to have a specific person you're negotiating with. You have to be a registered agent in order for you to be able to agent. And that statement, by the way, you've got to be a registered agent to agent. It's not a topology. That's actually something that's something that's really. requires a quick explainer here, I think, about the rules that changed in 2019, because the clipper's signing of Kauai Leonard in free agency in 2019 sparked a landmark NBA investigation.

Multiple teams reportedly complained to the league that Dennis Robertson, Kauai's uncle, who is not a registered certified agent, had gone directly to league owners to demand sweeteners and perks and hidden endorsement deals to circumvent the salary cap. And this investigation resulted in no proof, apparently, of belicit benefits provided by the Clippers who got Kauai Leonard. But what Commissioner Adam Silver did decide to do was increase fines and penalties for teams that negotiated with non-certified agents. He also mandated verification of agent certification at the time of contract negotiations. Call them the Uncle Dennis rules, which were then emphasized in a big and dramatic meeting about, out caps or convention,

with Adam Silver and the NBA's Board of Governors. The reporting is that Uncle Dennis made those requests of Lakers owner Jeannie Bus, and that she made it clear that such perks were illegal and would not be considered. Yeah, because we talked about it in the Board of Governors, yeah. Right, so Uncle Dennis went to owners. Is a badass negotiator, yeah. So you're saying that he didn't go to Steve Bomber? Oh, maybe he did, right?

But if Balmer had any brains whatsoever, he just laughed at him. And that doesn't mean Uncle Dennis stopped there. All of which brings us back now to Uncle Dennis, who declined to comment for this episode when we sent him another detailed list of questions. All of the stemming from the fact that he was listed as the designated representative and go-to contact on Asperation's secret $28 million endorsement deal with his nephew that nobody, not Aspiration nor the Clippers nor Kauai Leonard, ever announced. When it comes to like when Uncle Dennis is making calls and he's saying,

I need to get paid here, which is what the source told me in the finance department. And others have said as well, he was the guy calling saying, hey, you owe us money. Wait, Uncle Dennis is making the call, right? Yeah, yeah, yeah, yeah, yeah, exactly. That's in the episode too. Doesn't that say a lot? Isn't that a red flag to you? In what way? The fact that it's Uncle Dennis making those calls, right? it's not even plausible to you that this is a deal between Uncle Dennis and these two guys at the top.

I think the person who is most likely to have zero idea that he was under an aspiration contract was Kauai Leonard. Look, if you're reporting is right and Steve New, then it's over, right? So what do you think the punishment is that's fair? If in fact... He's toast. I mean, he's got, you know, it's far worse than Joe Smith. Now, the difference is... The difference is, just because someone says Steve Balmer knew doesn't mean he knew.

But what I'm saying is when Uncle Dennis is calling to say, you owe us the $28 million for the no-show job, in so many words, right? And the sources inside of aspiration are saying, we were instructed, this is the number one priority that we have. Because Steve Balmer put $50 million into the company, at the same time we agreed to pay of Kauai 28, It just feels like as the company is collapsing and the scam is falling apart, the person you might logically attend to, according to the thinking of these sources that I spoke to, the seven people, is the person who had the most influence over your company among those investors. I just don't see how the clippers at some high level would have no idea.

So let me ask you this. And I don't remember, who was Kauai's authorized agent? It was Mitch Frankel. Okay. What is Mitch Frankel? say about all this? That's a great question. He hasn't, Mitch has not responded to our request for comments.

I should spell that out. And it may well be that he thinks Uncle Dennis is in the middle of it and pulling it off because Uncle Dennis is not supposed to be in the middle of any of the shit, right? Why guess maybe for marketing deals? For marketing deals, it could be different. And so this is where I just got to say quickly that we reached out again, not only to Uncle Dennis Robertson, but also to Kauai's agent, Mitch Frankel, neither of whom responded before our deadline again.

We also reached back out to the Clippers with new questions about what Steve Ballmer and front office executives, like Clippers President of Basketball Operations, Lawrence Frank, might have known about Kauai's deal with aspiration and when they might have known it. And on Wednesday night, about 45 minutes after Mark and I finished this conversation, the Clippers released the updated version of the statement they gave us for our last episode, a statement that no longer had the phrase, provably false in it anymore, by the way. Now, the team says that it welcomes the NBA investigation, and it reiterates that neither Steve Balmer nor the Clippers

knew about any improper activity by aspiration until after the government started its investigation. The new statement reads, in part, quote, Steve invested because Aspirations co-founders presented themselves as committed to doing right by their customers while protecting the environment. either Steve nor the Clippers organization had any oversight

of Kauai's independent endorsement agreement with aspiration. To say otherwise is flat out wrong, end quote. And so I just think it's useful to point out here as we finally finish the legal disclaimers framing our conversation with Mark Cuban that the word oversight is not the same word as knowledge.

And as for my seven sources inside of aspiration, who are the kind of people by the way, who signed up to work for this company because they actually did care about protecting the environment, to quote the Clipper's statement, these people have become key sources in multiple ongoing federal investigations, resulting in the arrest and guilty plea

of co-founder Joe Sandberg, whom the U.S. attorney for the Central District of California has called, quote, nothing more than a self-serving fraudster, end quote, and who has declined to comment to us through an attorney. And so I suppose that at this point, the whole Department of Justice angle,

does finally bring us back to the rules of the NBA. But now this is where I think the question of what punishment happens here is on a couple of different levels, right? There's like... I'm not given in that he's guilty. The bomber knew this was going on, right?

Again... Oh, you're still team bomber. Oh, yeah, for sure. For sure. You haven't told me anything that makes me think, otherwise. But the contortion that you're making has Steve Balmer. I look at the contortion you're making, right? And I'll tell you why. Okay. I'll tell you why. Because you're not giving the scammers

enough credit. That's the difference between us. You're assuming that Steve Balmer has all the leverage and all the knowledge and all the awareness control the circumstances. I'm telling you if these two guys scant were good enough scammers to get valuations at $2 billion plus. But Mark, can I just jump in here to say that we reported the story of the scam, and it's absurd. The scam is absurd. The scam was very simple, actually. And you know what? You reminded me of it because you mentioned FTX.

We also did a story about FTX. We talked to Michael Lewis and Zeke Fox, the two authors of the Sam Bankman-Fried books. And my big takeaway was very actually resonant in our reporting on aspiration. Here are these guys who used sports as a cosign to get credibility as good guys, such as that more companies, meta, the Red Sox, Clippers, these are all the, that's who aspiration got. And they got it once they got Steve Bomber. Okay? So Steve Bomber putting in 50, right?

The question is, why would Steve want to do that? And I think the question I keep on returning to it. I get the foundation of your question. But the scam. But the scam in terms of like why I'm not underestimating the scammers is because what the scammers did was create a bunch of fake LLCs, fake customers, fake letters of intent that Steve Balmer, by the way, could have assessed if he wanted to. But again, you're telling me, rich guys don't need to do that at that level necessarily, even though they're Jersey patched

sponsors. It feels like it's just his responsibility as the greatest investor of the last 20 years, according to the acquired podcast, to look at the letters of intent that you can get in the documentation and you Google them and you say 80 to 90 percent of these are fake. So this is where we disagree, right? Your presumption. But I want to leave that. I want to give that to you. I want to give that to you. I want to give that to you because let's say he didn't do the Googles.

All I'm saying is when it comes to why Steve Bomber decided to do that deal and like what was going through his mind, I don't think it's a very big logical contortion to say. He found somebody who would keep a deal for his most important player who he needed to pay above the salary cap to the tune of $28 million. secret so successfully that he would have gotten away if it wasn't for me. And so the scam here is not simply, man, these guys were real clever. It was also that they were very stupid. They made up these fake letters of intent, fake LLCs. It collapsed within a couple of years. And the whole thing, Mark, as you know, carbon offsets, it was, we're going to plant some trees,

but we're not even going to plant them. We're going to broker it. And we're going to charge five to ten times what it cost to plant a tree in the ground. That was an arbitrage. Yes, it was an arbitrage. Yeah, it's crazy. Maybe that's why he invested. Oh, so by the way, I believe the end game there was a SPAC in which Steve Bomber would have had the ability to add a $2.3 billion valuation.

They did merge with the public company, right? And he would have got, so they probably told Steve to what you just said, some new information for me, right? What they probably told Steve is we're going to take this out in the SPAC and you'll get your money back right away when the SPAC goes public. That was exactly part of the plan. As my report, has indicated to me, was that there was a payday as well. By the way, as you say, multiple reasons to get into business, but the question of, right, cap circumvention and what an owner has a responsibility to know, doesn't it feel like it's his responsibility to know if the partner that he's gotten into bed with that's on the jersey patch, on the seats all over

the building, has this side deal? Like, isn't that part of his oversight responsibilities as the owner of the team to do the due diligence? How is it going to know? How is it? But what, what, how would he not know? Like, that's the logic here. It's like, you're sort of presuming that these guys hit it from him. And what I'm saying is that seven sources told me, including the documentation, that everybody knew about it. And this is the question I have to you, Mark. All your sources are inside the scam company. Oh, but they, but these are people who are the victims. If there are any victims in the story, it's people who thought. The people who work there always are the victims of the scam companies. Yes, who thought we're trying to do good. We're the climate change people.

We're like true believers about carbon offsets, which is sad. And they got scammed just, they got scammed just as badly as everybody else. And their question was, right, but that makes my point. That makes my point, Pablo, that the scammers have to scammen. But you're saying the scammers are really good at scamming. Why would the scammers tell seven people at least that I'm told it was dozens who were aware of this that Steve Bomber and caps are convention is the reason we can't talk about this? No, I get your point. Again. But on the. the flip side. If I want to shut everybody up, hey, we're saving the world. But in order to get this $50 million investment, in order for us to be able to get the value of the sponsorship,

I'm going to lie to you and tell you I did this deal that Steve Bomber's making us do these things, right? Everybody who works for us, stay focused. Don't talk to anybody about this because if you do, that can make the whole thing fall apart. But I feel like the whole- giving you, and I'm giving you the reason why you can't talk about it. I feel like you're the greatest defense attorney for two scammers in terms of just like they're thinking. No, no, I've been scammed. That's why I know I've been scared. But Mark, I want to square the circle as I keep on saying like a cliche, unfortunately, of like how these guys can be smart enough to pull something off but stupid enough to tell truly in my reporting so many people inside the company. No, but you're missing the point.

No, no, no, no, because what? How else do you get them to shut up? how else do you get them to shut up, you know, and stay focused on the job? But I think there are two choices. It's how else do you get them to shut up? But also, if we tell them a lie that it directly indicts the guy we're trying to keep out of the news, you've given them the recipe to tell a reporter in September of 2025. How many of them know how they see NBA, CBA works?

Dude. They, it's not, the whole notion of caps or convention is not especially complicated as a concept. No, it's not. It's easy. Exactly. So the whole idea of like the reason it's a secret is because we're paying Kauai outside the cab. If you told me, if you hadn't told me Uncle Dennis was the one to make the call, I would have been more likely to believe that Steve was at fault. Wait a minute. So let's stick in on that. So why is that? Because if Steve knew and the minute he found out that this shit was falling apart and these guys were a scam, he'd say, let me invest some more money so you can pay off Kauai. So this is, whole thing goes away and there's no evidence of it any longer. And let's just erase all this from the books. You don't leave this outstanding debt out there. And particularly once you see that they're on a path, they're going broke. And potentially you understand enough. And I think

we've all had enough experiences with bankruptcies that those creditors are going to become public. And because that's where you've got the story, right? And so that's, you know, the whole due diligence, smart enough to know, right? It applies to that as well. He's leaving himself so wide open in a way that he's going to be smart enough not to be if he's truly breaking the rules. If Bomber was involved and he just immediately square the circle, to use your term, the minute things went sour, he's a fucking moron. You're saying save aspiration personally to prevent bankruptcy to prevent all of this stuff.

That's one option or invest more money, right, and just tell them to pay off Kauai. because it would have made no sense to do this on an annual basis. It would have made a lot more sense to pay it off, put it away, nobody knows any better. The question I would ask you, though, would your calculation of throwing another $50 million after your original $50 million change if you became perhaps suspicious, if not aware, that one of these men was going to be pleading guilty to wire fraud? He knows he's fucked at that point. Yeah, I agree.

If he knows they're committing to wire fraud, he knows they're committing to wire fraud, He knows they're f***. So I'm doing everything possible. I'm going to Uncle Dennis and I'm saying, check written. Well, that's the next question, right? As a correspondent and an investigative journalist from Indiana University of High School of Journalism, right? Why would Balmer just go or have representative thereof just go to Uncle Dennis and say, Uncle Dennis, forget those guys.

Here's $30 million to make, for you to get aspiration amnesia and just make this go away. Oh, you want SEC style. You want SEC paper bag for money. Well, no, SEC's already investigating. He already knows. No, sorry, I meant Southeastern Conference football style. Oh, oh, there you go, yeah. Like booster paper bag.

But that's what you're saying is directly pay Uncle Dennis. Yeah. I mean, look, it's risk-reward. If he was dumb enough to go down this path in the first place, at that point, he's got to keep on digging. Yeah. I mean, look, logically, now we're completely in agreement. I think some dumb shit happened.

after some dumb shit happened. I mean, that's my suspicion. Yeah, all suspicion, right, all allegations, right? But I just don't think that he's just going to, you know what, let's just see where it goes and may the chips fall where they made. But I think that the chips falling almost happened behind closed doors that no one saw. The question of, was there going to be someone who was obsessed with bankruptcy filing documents like me who would go through the trouble?

No, you're giving yourself. You get credit for doing it, but you're giving you. yourself too much credit. No, no, no, but the point is, why didn't anybody else find it? I'm not, I'm not saying that I'm great. I'm just saying that nobody else found it. So one of us has got to be right. One of us is wrong, right? Either team, team bomber. I'm team shing bricks. Once again. So team bricks or team bomber, right? I just think if it's team, if it's team bomber, he didn't know and all this is going on. And that's why there was no response. You're saying that it's all falling apart anyways and the shit's going to, everybody's

bricks, and they're going to do nothing. I think they didn't have moves to make with aspiration because there was criminal activity that has now been revealed in DOJ and SEC investigations. Remember what I just said, right? It's not a, it's Uncle Dennis, right? Oh, no, no, no. So, moves thick with aspiration. So let's just put aspiration to the side.

So the question is, what timeline are we living? I believe we're in a timeline in which Steve Bomber knew, according to the reporting, the seven sources plus the documents that provide the context that Steve bomber. But all those sources and all those documents. are internal to aspiration only, correct? And I believe that they are the most credible people for the reasons I said. No, the exact opposite.

No, no, no, no. Exact opposite. If I were to tell you that the questions about why does this deal exist preceded 2020, would that change your level of belief in team shi-bricks? No, because it doesn't provide any confirmation that Steve knew anything. But it happened before there was a need to spin.

So, you know, like I said, the scammers Uncle Dennis goes to the scammers and says, not knowing their scammers at the time, say, hey, you just signed this $300 million deal with the Clippers. Who's the best player on the Clippers? Who represents the Clippers the best? Who's going to be here long after they're gone? You know, work with me.

Let's do a deal with Kauai. You know, and if Kauai's going to play, whatever, no, he's not going to show up in hug trees. He's not going to show up and talk about, you know, Literally anything. He's not going to hit a fave on Twitter. Yep. Which he doesn't do a lot of anything, but that's beside the point. You know, that Uncle Dennis is negotiating. That's still not proof that Balmer knew. But Mark, what I'm saying is the reason I trust these people is because when I interviewed them

and I asked them about this bankruptcy filing, this LLC, they said immediately, oh, it's for this reason. And then I said, can we prove it? And they said, yeah, there's a document. And I said, can I have the document? They said to me, here it is. Yeah, yeah, yeah, the contract, the $28 million contract in which none of the jobs were contractually obligated in terms of deliverables on the KPI's. The KPI's were just play for the clippers, which again established. The point being that their knowledge of this and their providing of it was substantiated by documentation, emails, bank statements, other sources, seven of them, seven. None of which connects Steve Balmer.

But they all connect Steve Bomber. They say it was cap circumvention at the direction of the most important investor in our company who put $50 million in the same water. Who did that email come from? Which email? The one saying this was at the direction of its caps or convention at the direction of them. That was what they were told. They were not stupid enough to put it in emails. Okay.

So who told them? Was it Sandberg? When I say it was common knowledge at the company, I think there are two ways to see it. One is, wow, the scammers perpetrated a plan that was so deliberate that it handcuffed people from going to anybody and saying anything because they needed to protect Steve Bomber. And that's why they were, zip, can't talk about it, right? The other thing that's possible here, though, is that these guys ran a scam that was so messy that it got shot down within two years, three years if generous. and they didn't really consider this. And that like FDA...

Yeah, but that still doesn't implicate Steve Balmer. But it does... But really now we're talking about is the credibility of the seven people I spoke to, plus the documentation they provided. No, it really comes down to the credibility of the people who told them. But the point is that when they say this,

in the light of day, it all adds up with reality. And what they said is not, you know what, we were lied to. It's this is the only thing that makes sense. It's the only thing... I get that, too. It does.

It's the only thing that makes sense. It's the Occam's razor mark. It's not even close. Not even close. You're suggesting... What you're suggesting here is that these scammers made it so that they were smart enough to tell these rank-and-file employees that, hey, don't tell anybody because it's bomber. But they were stupid enough to not realize that one day they would actually tell me.

a journalist, exactly what they were told. Every posse scheme falls apart at some point, right? Every single one of them. Madoff went for how many years and all those people who worked for him, all of them, down to the computer programmers who programmed the false statements that got sent out to the owner of the Mets at the time, right?

And all the other victims that they had. Everybody has to fall in line. They don't all think they're working for a, scammer. A couple of them know, but they're all told that Bernie Madoff is making 15% a year risk-free. So to your, look, you had people in the Bernie Madoff case to go back to how your logic, who are smart investors, including, you know, people who are some of the, at the time, biggest investors with the most money, right? And they got scammed, right?

Unknowingly, they trusted people, you know. Maybe someone told, maybe Bill Clinton, told Steve Balmer, right, that these guys are legit. So I'll tell you a quick story, right? There's a guy that I competed with 40 years ago with my company, microsolutions. This guy was good, really, really good, great technologists. He contacts me 30 years later, and he says, I'm putting together this company. I do some due diligence, but I trusted them, just at best trusted them.

All the scam. Now, in this case, I lost $8 million, right? I'd done basic due diligence, but it was underpinned on the trust and the references that I got. I had no idea. And all this technology stuff, he would tell me I had to deal with this company and this company and this company. And his employees believed him. His family believed him. I believed him.

So when I keep on going back and say, some scammers may be good, but all Ponzi schemes fail at some point. And when those Ponzi schemes start to falter, that's when I keep on going back and say, some scammers may be good, but all Ponzi schemes fail at some point. that's when things start to come to light. And again, I haven't heard anything that takes me off a team bomber. I think that, you know, there's a lot of uncertainty. I just don't see it. But this is really where I'm driving to because what I presented you with is an owner who wants to win very badly, just like you did. An owner who has so much more money to spend than he's allowed to spend, you know, which is pretty unique to him.

Not that you're not very wealthy, Mark. No, I hear you. It's okay. You made it rain. He's got a lot more money to me. Those padded seats, courtside was an incredible thing. Incredible thing. But what I'm saying, though, is that... And nobody else put microphones on the rims until me.

You're a pioneer. Yes. In the rim world, I'm in the Hall of Fame. Oh, God. What is that? Take that back. I'm going to say that. I can say that. Cut that out. We digress.

I've given you this story of an owner who is those things. things who also in 2015 went head-to-head with you for D'Andre Jordan. Yeah, and got fined, $250,000 for trying to arrange a side endorsement deal with Lexus and was told you can't do that. And so now 2019 comes around and all these other owners in the NBA at the Board of Governors' meeting which you said you attended are saying, this Uncle Dennis guy, who you personally have experienced pleading with you, give me some stuff, right? That guy... It wasn't quite like that, but he called. I'm talking to this. Okay, yeah, but that's, but okay, fair. But the point being that there was an investigation

by the league specifically around side deals, endorsement side deals that resulted in the changing of the rules, right? Yeah. And so that's 2019. And so then we get to 2021. And Steve Bomber, right, having acquired Kauai Leonard needs to figure out in this extension that he signs Kauai Leonard to, and this is, I think, a key detail that maybe we've sort of underplayed. He signs Kauai Leonard to a deal that was mysterious at the time to the people who had. I had no idea about this story, but we're just covering it from an NBA perspective. Neither the shortest nor the longest extension available. He signed a deal that was convenient to the Clippers four years, $176.3 million in 2021.

How much was that short of the max? How much was that was that short of the max? It was just that he restrained the ceiling on available money because he didn't go as long or as short as he could have. And so the question then is... But he didn't really give up any money. He gave up optionality. Optionality to align his contract with Paul Georges. with the clippers, right?

Which is something that was very helpful as covered, by the way, at the time. Mark, but, you know. But there's no, there's no equivalency. He signed up, he gave up $7 million. Kauai Leonard, Kauai Leonard wanted maximum money at all times. But the point being is, that same time, this guy who had previously gotten in trouble

in the way with the Andre Jordan, head to head with you, and also was investigated by the NBA, for specifically this reason, has this deal with a, sponsor who says to him, you know what, we should give you $300 million as your founding partner of this arena. And also, guess what, Steve, you should give us 50 of your own. And simultaneous to that in this timeline, 2021 fall. I get it. I'm just saying you are sort of contorting this. Why 28? Why 28 million?

It's just, by the way, less than 50, which you put in? Like, the sources inside of aspiration. Why 7 million a year? Why 7 million a year. By the way, fair market value when it comes to caps or convention, you mentioned that this is bigger than Joe Smith unprecedented in that way. It's because it's a big number. It's like, why? Why would they do that? Oh, no, no. The cap circumvention doesn't matter about the number. It's just that you do it. The number is irrelevant. It's just the fact that you would do it. But, okay, so in that regard, when Steve Bomber tried to sign DeAndre Jordan to that deal and got find 250, doesn't that feel like an important detail when calculating, are you team bomber or are you team shi-bricks? Yeah, but I would take the other side saying you learn really quick, right? And the

NBA, when they find you the 250, so the process, as an expert in being fined, there's negotiations that go on, and there's discussions that go on. And you talk to the NBA General Counsel, and they lay it out to you exactly what the risk factors are. And they're not shy. And they're not shy. to say, if you do this again, the circumstances will be far worse. So what if... And let me remind you of this again. And they will remind you over and over and over again. So I look at that as, hey, that was the warning.

And that increased the risk profile for doing this even more. So what if there was a way, though, where you could sign somebody to an endorsement deal in which no one ever had to know about it? No MBA owner is dumb enough to think. that at least I don't think so. But he did it already against you for D'Andre Jordan. No, I get that. And he learned his, hopefully learned his lesson.

Why would you assume that this man who, in the face of all the evidence I've given you, Mark, as I assess team shabrook versus team bomber? But I tell you, in face of all the evidence, I've given you on the party he is dealing with. I dare say that you've provided zero evidence and more just logic based on how you would have done things. And you seem to have this perspective that is so conveniently generous to the sixth or seventh richest guy in the- world and not the reality of how this story has unfolded. Football is upon a Saturday college kickoffs. Sundays, of course, it's the pros.

Surfside, iced teas and lemonade plus vodka. They got you covered. And it is not a seltzer. How dare you suggest that? It's surfside. It's 100 calories, two grams of sugar, no bubbles. So just ask for surfside wherever you stock up for tailgates or watch parties or post-game hangs.

You've got to be 21 plus, obviously. but please, please, drink responsibly. What do you think when FTX hit, right? What do you think all those people, well, there's a market. You could see what they did. They sold everything that they could, right, to liquidate, but they reacted. You don't think, you think it just did nothing. But I think they also hid.

They also hope nothing would happen. Yeah, but see, okay, there's, that's the thing right there. They hope nothing would happen. That's where we vehemently disagree. You think they hope nothing would happen and they did nothing cross their fingers, crossed their toes, right? Set a prayer and said,

please, Lord, let none of this come out until Pablo finds it. I just don't see that happen. I think what happened was, in the timeline that we outlined, per my reporting, at a certain point it becomes obvious, aspiration can't pay its bills.

Yeah. And at that point, you're beginning to worry, right? You're saying, oh, no. Team shi-s their pants, right? Bricks. They shi-bricks, even. And then what happens is you realize or begin to deduce, maybe you do some due diligence now finally,

about like, wait a minute, what are we in here? And this is generous to Steve Bomber because it indicates that he wasn't aware of the scam, right? So I'm just taking this his fate value. Just like in this timeline, what he's doing is realizing the government is looming. The investigations are coming. Criminality is a foot.

We saw that in 2024. Exactly. And at that point, what you do with aspiration is a question you're going to have to ask her to the federal government. And so you're not going to put in, as you suggested before, 50 extra million dollars. No, that's where we disagree. Yeah, that's what we disagree.

You think he would put in extra $50 million and give it to a criminal? Well, at that point in time, he's probably, because he doesn't know for sure. There's been many, many companies. So, okay. When do you treat Steve Baumar like a really smart adult? When is that going to happen, Mark? I just know my experiences, right? Having invested in companies...

Are you treating him like Mr. Magoo? I'm like, this guy. No, you have never been through this. I have. No, no, no. You have never been through this. I have not. But at a certain point, when you realize your bills aren't getting paid and you realize

that the government is looming. Well, you don't know, in 2022 or 2022, you don't know the government's looming. To 2024. Let me give you my experiences. Pablo, let's just, yeah, please, please, please. Okay. So I've had companies where I believe in the company and weren't operated the right way, changed the CEO, right?

Give them more money. some have worked, some haven't worked. That's just the way it goes, right? And so, having paid their bills. I get the calls because I'm the rich guy behind them. I had another one of my scams, right? There's two big ones where I got scammed. He's selling shares in the company saying, you're going to get paid back, and I have no idea, no idea, right? The guy ended up going to jail. I covered all of those things. So when he made all these bad, lied to all these companies and took money from him, I made them whole, right? That because I just felt that was the right thing to do.

But I still got scamped. And when I found out, I had the choice of giving them more money to keep them alive, which I did because I felt bad for the employees, and I paid off the people who got scammed on the outside. He does have that choice. He could have put more money in. Now, come January of 2024, probably not, right? Probably at that point in time, maybe a little earlier because they probably contacted him.

And even then, they said that the team was not under any investigation. But at that point in time, don't you think he would try to cover all his bases and tie up any loose ends in any way he could? If I thought that I'd given $50 million to a guy you were at least vaguely concerned was going to go to jail, I would not give him. But he's not thinking he was going to jail in 2022, 2023. But when the radar starts blinking, right, as one of literally... January of 2024. Let's just say November of 2023. Let's say that for now.

And what I'm saying is, if you're Steve Bomber, and again, I am not you or Steve Bomber, and I really need to express that as well. Because I'm not the guy who was called the greatest investor of the last 20 years, as Steve Bomber has been because of what he did with Microsoft. You're using that as a way to justify your position. No, no, but it's a part of his expertise. to know that when the bills aren't getting paid, what's happening? No, that's a big part of your argument, Pablo, that doesn't hold up.

But I get that you're saying that there's a human... If he's worth $100 billion, if he's worth $100 billion, let's just say it was $50 billion back then. And so it's 1% of his net worth. But Mark, what if it was the company you agreed to put on your jersey? Once you suspect it's happening to you, do you put your head in the ground, or do you try to be preemptive to protect your own team, which, as you said, is the most important thing? Multi-billion dollar asset? And so who's the linchpin? And this whole scam from the Clippers perspective, who is the linchpin and everything?

Steve Bomber. Steve Bomber put in $50 million, got out $300, is said by seven sources to have been the reason. there's documentation, there are emails, he's doing business development for this company. Uncle Dennis is the linchpin. He's the fulcrum. So if you really, really, really, really have your franchise at risk, and you know this guy, and according to you, he knew about this,

he knew about the $28 million. And at this point in time, there's only $7 million left to go. You know, you have Uncle Dennis saying, where's the rest of my money? Don't you just take care of it because it's a de minimis amount relative to the risk? Not if, and this is, I want to read Bloomberg here, Mark, because I want to give some of the reporting that had been done before me some credit year. This is what they say.

By early 2022, Aspiration accountants had uncovered a series of payments that sent a wave of panic through the company's executive suite. And they go on to outline the ways in which, quote, some aspiration staffers worried that a company official might be orchestrating fake transactions to inflate its numbers. Staffers were digging into the company, the sources, in fact, that I spoke to. These are the people that I trust. The times I told you I was scammed. When I asked for reports from the CEOs of those companies, the scammers, you think they told me the truth? What I'm saying, though,

is that here are a number of people in the finance department who were, in fact, the reason why aspiration was revealed to be the scam. The people you're saying might have been, lied to by the scammers are the ones who caught the scammers. Right. That's just a hypothetical here, because we're not going to, you're not going to budge off of Team Bomber, and I'm not going to budge off of my reporting. And that's what makes the market. And that's okay.

That's great. But if, in fact, my reporting proves out to be correct. And he knows, then it's go Mavs. Great. This is great. You know, it's in all my personal interest. What about, though? the Clippers front office, right?

I guess what I'm trying to say is if, in fact, someone had to know from the Clippers, right? It wasn't binary. It wasn't known from the Clippers knew. No, there's a good chance that it'd be only the owner at that point in time. Okay. Lawrence Frank has been through it forever.

If he did tell Lawrence and the assistant GMs, they're f***ed. Their careers are toast. Absolute toast. And there's a 99% chance that at some point it comes out, you know, as they try to protect their career. That's one. Two, the agent is going to be in deep shit as well if it ever comes out.

And the agent has got to be involved at some level. And so the agent, I don't know what other clients they have, if any, but they're two. And so you've got a multi-billion dollar franchise at risk. You've got the general manager's job. You've got the agent's job. you've got Uncle Dennis who has no leverage

whatsoever Well he has the relationship with the most important person in this entire story Yeah, right? And so does every parent so does every uncle and so does every friend

But Mark you know that Uncle Dennis And he also knows and Balmer also knows that A, Balmer is under a microscope for 2015 and B, Uncle Dennis is under a microscope as well. But now I just want to fill in the reality

not to interrupt because I don't want to be rude, but like Uncle Dennis was, of course, subject of the investigation in 2019. And so what he's doing now, in reality, of course, is literally be the designated rep on a deal for Kauai Leonard for $28 million that is at the very least something that has now, by the way, did you see the Shams thing that just came out as we were talking?

No. The NBA is investigating. Of course. Okay, so just, but the point is that that's because Uncle Dennis had this deal. So the question of Uncle Dennis, should he know better, clearly he didn't know better enough. I got no problem with Uncle Dennis. Uncle Dennis is the smart one in all of this.

Well, again, mileage varies on that scouting report. But I take it a face value as well. He's doing... Look, look, Uncle Dennis, who has no leverage anywhere, shape, or form. But, Mark, you know that the leverage is in the player. The player is the scarcest commodity here, right?

They are and they aren't, right? Because the home team has the edge. It's rare. I feel like you're trying to give a pep talk to Steve Bomber in 2021. No. I cannot do this. I won't worry the other. I hope I'm wrong.

The Mavs part of me hopes I'm wrong. But I understand your point of view. The former owner and the logic and everything I've dealt with as a business person, investor, entrepreneur, and owner tells me you're wrong. But it's because you can't imagine personally doing this. No, it's not even that. I just, I look at it. It's just math, right?

I look at the math and the leverage, and I don't see the value proposition anywhere. Your whole premise is based on the fact that Kauai Leonard will take advice from Uncle Dennis and do effectively whatever is in the interest, more of Uncle Dennis than of Kauai. Well, hold on, but that part, right? We know Kauai Leonard is a frugal person. He wants to maximize his earnings. Saves every penny. Gas guzzler.

So, legendary in that regard. So he wants... Makes him lovable. Oh, by the way, he's a cap. a list. Kawhi Leonard wants to, bored man wants to get paid. Kawai Leonard to me is very... Not nearly as bad. Look, I don't know Uncle Dennis really at all.

And so all of this is me, presumption and allegations and all this, right? He won't answer my call, so I don't, I'm just going based on the reporting. So I'm just saying, Uncle Dennis is the winner in all of this because the CBA rules don't apply to him. Right. At all. Right. Whatever he can go in and negotiate is money in his pocket that he did not have yesterday.

So now your team Uncle Dennis now. Uncle Dennis is the smartest one in all this. Let me ask you a question. Is it conceivable that Uncle Dennis played a stronger hand and basically bluffed and said, I control Kauai. And I've heard this many different relatives, friends, except this is my boy. I grew up with them, right?

I raised whatever it may be. And he overplays it, and he goes to aspiration. He says, I'm going to get him out of here. you know, and unless you pay me $28 million, and your whole sponsorship ain't worth $1. I believe that it's even likelier that that deal happens, but with the blessing of the team that has a $300 million deal with the company that agrees to it.

No, no, no, no, no, no. But, again, the reason I say that is because I have done all the reporting. I'm not just saying that as a guest. Your whole reporting, you get credit. You picked up a needle in the haystack, right? You found a needle in the haystack, and you turned it into something real. So you should know here that I talked to Mark Cuban for three hours, a meandering and often circular, two hours and about 45 minutes, actually,

entirely about this subject, which is both incredible and enjoyable, almost perversely, but also undoubtedly my fault as the interviewer. And so this conversation, to be very clear, as all our conversations are on Pablo Torre finds out, has been cut down for length and clarity. Because at one point, in fact, Mark Cuban and I were so immersed in said conversation that his phone battery died, mid-sentence,

and his connection completely dropped out, which made us worried for obvious reasons. But then Cuban jumped back on the line and we picked right back up with a question. It comes down to who initiated that contract. Was it the agent and Uncle Dennis is just trying to collect? Was it the clippers and they're just huge idiots? Or was it Uncle Dennis acting on his own freelancing?

I would bet on option three. I guess what I'm saying is two things. the ultimate leverage in the NBA historically has been a superstar threatening to leave a place in which you can extract and exchange all sorts of stuff. Now, typically, when we say that,

it's within the legal bounds of the CBA, right? The Kauai Leonard story since 2019 has been KAPC circumvention. That's the allegation. No, no, no, there was a story. The story is not the same as the facts. No, no, but the story of Kauai Leonard

and this investigation by the NBA, as alleged by your colleagues in the NBA, who dealt with him personally, was that this guy is coming to us asking for shares of ownership, but more even, impressingly, these side endorsement deals, these sweeteners that are off the books. No, I get what he asked for. And I'm telling you, Pablo, that's, that happens all the time. It's just like, this guy asks for ownership, and that's what made it ridiculous. What I would return to, though, as an NBA fan and a journalist is the actual timeline of Steve owner owning the Clippers, right? So he wanted the cornerstone, the franchise superstar of a

caliber that was going to do the thing that no one had done for the Clippers, which was compete actually with the Lakers. And so the guy who emerges in 2019, fresh off a championship, who looks like, by the way, when healthy, the greatest player in the league is a two-way concern, right? That's Kauai Leonard's actual legend as a basketball player. He's incredible. When Healthy is a big if. No question. But in 2019, he just won the title. and he was healthy, and Steve Bomber had the opportunity to do the rarest of things, right? Get a free agent franchise player in his prime, which does not happen. And how did he do that?

And what did he give up to do that? He gave up everything. Five number ones, was it? Was it five number one? It was Shea Gilderce Alexander. And honestly, we didn't know what Shay, right? Fairness, in fairness. But basically what, and this is, I think, the point I want to drive at, and you just took me there.

he did whatever Kauai Leonard's camp was saying he had to do. That was the story of that offseason. You recall, right? He wanted Paul George. So if what you're saying is that wasn't enough

and he'd go to any length to do anything but only for Kauai, I'm not going down that road. Oh, no, no. I'm saying that he clearly knew the importance because he's an NBA fan of how you need

a true number one superstar to contest. For sure. And he got the guy, and he gave him, in reality, whatever was requested by the camp, Paul George, draft picks, all that stuff, he made it happen, right? Shake you just Alexander, Danilo Gallinari, five first rounders, your memory is good, plus two pick swaps going to OKC, right? At the time, this was all very clearly. Kauai wanted to make this happen, and Steve Bomber was happy to do it.

Yeah. Yep. Absolutely. And so the question then is, given that kind of mindset, high, hyper-competitive. By the way, I get your point, right? But also, I get your point. Where do you stop? Right? I get it. Exactly. Exactly. And what I'm saying is, the reason I keep on going back to your experience with Andre Jordan to 2019, to 2021, is because it's all a pattern of behavior. I get the pattern of behavior. And you're suggesting that at some point, he got scared straight by 2019, despite the fact that he got what he wanted.

and for some reason stopped acting like that. If the catalyst is Uncle Dennis, I couldn't think of anything dumber, right? Because you're going to the very person that required Board of Governor meetings and follow-ups to send a message, this is not applicable, this is a problem. And I get your point.

You're desperate. You're desperate to keep this player. I just don't think it was a binary set of circumstances like that. I just don't see it. Like I said before, I think it's far more likely that Uncle Dennis was the catalyst with the crooks. And I just don't think you can just presume that everything with aspiration, the crooked company, is the equivalent of a legit company. Mark, I don't think I could possibly convince you any better than I've tried repeatedly.

And vice versa. To me, it's so point blank obvious that. Look, both of us can be wrong. Neither of us. One of us could be right. We'll find out over time. I just can't see him like going in that direction. I just don't. Mark Cuban, part owner of the Dallas Mavericks, which is a conversation I want to get to, but we never got to it because, of course, this happened. 27% owner of the Dallas Mavericks. Mr. 27%. I think I've said all I can possibly say. And for that reason, Mark Cuban, I am out. I was waiting for you to say it. I just had to say it. This was a lot of fun.

It really was. Mark, thank you very much sincerely. Appreciate it, Bob. I really do. So this is where I just got to tell you that this conversation, this investigation, this episode even, is not over yet. Because, of course, it isn't.

On Thursday, the morning after Mark Cuban and I really enjoyed the conversation you just heard, journalist John Corrales at Boston Sports Journal happened to drop a bombshell of his own. A bombshell, which we here at Pablo Torre finds out, have now confirmed. New doors have swung open on quite a bit of new information that we continue to report here. But in this case, you may recall how often we discussed Steve Bomber's $50 million personal investment into aspiration, and also the undisclosed no-show four-year endorsement deal that Kauai Leonard signed

for $28 million, which, while it's multiple, bigger than the market rate for NBA player sponsorship deals, even among superstars, I am told, 28 million is a lot smaller than 50 million, as discussed. But I'm just saying you are sort of contorting this. But why 28? Why 28 million? It's just, by the way, less than 50, which you put in?

Like, the source is inside of aspiration. Why 7 million a year? Why 7 million a year? Well, according to this reporting, by the Boston Sports Journal, quote, the $28 million deal was not the only compensation Leonard received. According to a high-level source, Leonard also cut a side deal with aspiration to receive an additional $20 million in company stock.

The stock was to be paid out from Sandberg's personal holdings in the company over four years. That brought the total of promised compensation to Leonard to $48 million. Around the same time as the London, Leonard deal, aspiration was going through its rounds of fundraising, which included a $50 million investment from Bomber. That investment has been characterized to Boston Sports Journal as having been made with light to no diligence. Think of it as getting a commitment on Shark Tank after only a couple of questions. End quote. So, in other words, Kauai's updated and completely undisclosed compensation from the company bomber put $50 million into would be $48 million.

Now, I swear that I did not plant that shark tank reference or seed that scoop or do anything like that with the Boston Sports Journal. It is simply one hell of a job by that. But what I did do was email Mark Cuban for his reaction to the updated math. And what Cuban highlighted for me was a couple of other key statements in the article, how the stock was to be paid out from Sandberg's personal holdings, specifically in the company, and also about the, quote, rogue behavior of co-founders Joe Sandberg and Andre Cherney, the guy who would sign Kauai's $28 million contract, which was in the episode we did before. But Cuban's last line to me was about that Shark Tank reference. Quote, and I've said yes to Shark Tank deals after the pitch, with no question.

Questions? Other than the price? Smiley face. Pablo Torre finds out is produced by Walter Avaroma, Maxwell Carney, Ryan Cortez, Juan Galindo, Patrick Kim, Neely Lohman, Rob McCray, Matt Sullivan, Claire Taylor, and Chris Tuminello. Our studio engineering by RG Systems, sound design by Andrew Bersick and NGW Post, theme song, as always, by John Bravo, and we will talk to you next time.