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Pablo Torre's podcast 'Pablo Torre Finds Out' won the Pulitzer Prize for audio reporting for its investigation into the Los Angeles Clippers and Kawhi Leonard's alleged $28 million deal with Aspiration. The award recognized the podcast's innovative journalism that explored potential salary cap circumvention in the NBA.
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“Pablo Torre Finds Out” won the Pulitzer Prize for audio reporting on Monday for its investigation into alleged circumvention of the NBA’s salary cap by the Los Angeles Clippers.
The podcast won the award for four episodes in September that probed the financial relationship between Clippers All-Star Kawhi Leonard and Aspiration, a now-defunct third-party company that Clippers owner Steve Ballmer had invested in.
Per the Pulitzer Prize, PTFO won “for a pioneering and entertaining form of live podcast journalism that investigated how the Los Angeles Clippers seemingly evaded the NBA’s salary cap rules by funneling money to a star player through an environmental startup.”
The prize is awarded “for a distinguished example of audio journalism that serves the public interest, characterized by revelatory reporting and illuminating storytelling.”
PTFO beat out the New York Times’ “The Protocol” investigation into youth gender medicine and the Wall Street Journal’s “Camp Swamp Road,” which investigated a fatal shooting in the context of stand-your-ground laws. Both were fellow finalists alongside PTFO.
Per the findings of the PTFO investigation, Aspiration signed Leonard to a $28 million no-show marketing deal, with the implication that that money was funneled to Leonard from Ballmer in violation of the NBA’s salary cap.
Per the report, Ballmer personally invested $50 million in Aspiration at its founding stage in 2021, and the Clippers signed a $300 million sponsorship deal with Aspiration.
The podcast investigated the Los Angeles Clippers' alleged circumvention of the NBA's salary cap through a financial relationship with Kawhi Leonard and Aspiration.
'Pablo Torre Finds Out' won the Pulitzer Prize for its pioneering audio journalism that revealed how the Clippers may have funneled money to Kawhi Leonard via an environmental startup.
Aspiration was a now-defunct third-party company invested in by Clippers owner Steve Ballmer, which was linked to the alleged financial arrangements with Kawhi Leonard.
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Steve Ballmer has repeatedly denied any wrongdoing regarding his business dealings with Aspiration.
(Eric Thayer via Getty Images)
Ballmer has repeatedly denied wrongdoing and said after PTFO’s initial report that he had been “conned” by Aspiration. Aspirations’s co-founder, Joseph Sanberg, pleaded guilty to federal wire fraud charges in 2025 for his role in a scheme that prosecutors say defrauded investors of $248 million.
In an April letter to a judge overseeing Sanberg’s sentencing, Ballmer wrote that he lost his entire $60 million investment in Aspiration.
Ballmer acknowledged introducing Aspiration to Leonard in a September interview with ESPN’s Ramona Shelburne, but denied any knowledge of the $28 million endorsement deal.
Leonard also denied any wrongdoing during Clippers media day in September
"The NBA is going to do their job,” Leonard said of the league’s investigation. “None of us did no wrongdoing. That's it.
“We invite the investigations. It's not gonna be a distraction for me or the rest of the team."
The PTFO report sparked an NBA investigation into the Clippers, which has yet to be resolved eight months later. NBA commissioner Adam Silver described the probe as “enormously complex” during his remarks to media at the February All-Star break, which was hosted by the Clippers.
The NBA told ESPN in April that the investigation that’s being conducted by the law firm Wachtell, Lipton, Rosen & Katz is ongoing.
"Wachtell's investigation is ongoing," an NBA spokesperson told ESPN. "There is more work to be done and no set timeline."