The NBA said Wednesday that it will launch an investigation into a report of a multi-million endorsement deal between the Clippers' Kawhi Leonard and a California-based sustainability services company.

At issue are allegations that the endorsement deal allowed the Clippers to circumvent league salary cap rules, something the Clippers strongly denied in a statement released after the report on the " Pablo Torre Finds Out " podcast.

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The probe will focus on ties between Leonard, the Clippers and a company called Aspiration Fund Adviser, LLC, which filed for bankruptcy this year. The company listed several creditors at that time , among them the Clippers and a company called KL2 Aspire LLC that was owed $7 million.

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