Kawhi Leonard trade stalled as NBA probe delays blockbuster deal

Deal put on ice while the league investigates

A trade that would send Kawhi Leonard back to Toronto has been paused because the NBA is still investigating the Los Angeles Clippers. The teams reportedly agreed in principle on June 30, but the league told the Raptors the swap can’t be finalized until the probe is finished. That warning stems from the fact that Toronto would have to accept the risk of any penalties tied to Leonard’s contract if the investigation ultimately faults the Clippers.

The Clippers released a statement saying they’ve cooperated fully with the NBA — handing over documents, participating in interviews, and granting access to staff — and that the agreement with Toronto is ready to go once the league clears things. The team also pushed back on allegations tied to the matter and said they expect the facts to vindicate them.

What’s in the trade and what happens next

According to reports, the package the Clippers agreed to send to Toronto includes Brandon Ingram, Gradey Dick, multiple first-round picks (including unprotected selections in 2031 and 2033), a 2027 first-round pick swap, and two second-round picks. For the Raptors, this would be a homecoming for a player who helped deliver the franchise’s first title and who was the Finals MVP in 2019.

The Clippers have said the investigation involves Joe Sanberg and Aspiration and denied any improper payments to Leonard, calling themselves victims of a scheme tied to Sanberg. They also noted that Sanberg has been convicted and sentenced. Both teams now say they’ll wait for the league’s findings before moving forward.

Until the NBA completes its review, nothing is official. The trade remains agreed in principle but not sealed, leaving the futures of Leonard and the players involved in limbo as everyone waits for the league’s final decision.