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( SOUTH DAKOTA NEWS WATCH ) - The U.S. Securities and Exchange Commission and the National Basketball Association have requested information from Brookings-based electronic sign manufacturer Daktronics as part of their ongoing investigations into wrongdoing by player Kawhi Leonard and the Los Angeles Clippers team. The NBA named Daktronics as one of three companies that provided compensation to Leonard that circumvented the Clipper’s league-issued salary cap by creating “impermissible endorsement arrangements” which paid Leonard money beyond his contractual salary. In a 35-page report written by an independent investigator on behalf of the NBA, the league said it found that the Clippers had “initiated, facilitate and induced” Daktronics and two other companies to pay multi-million endorsement deals to Leonard in order to secure business opportunities with the Clippers. The violations of NBA rules – which place limits on how much a team can spend on player payroll – led the league on Sept.
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The report notes that Daktronics paid Leonard $8 million and ultimately did win the contract to supply the electronic signage, including a reportedly $100 million “halo board” at the Intuit Dome in LA, where the Clippers play home games.
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