The Sports Journalist Pablo Torre Has a Pulitzer, but Still Feels Like the “Turd” in the Pool
Pablo Torre, a Pulitzer Prize-winning sports journalist, reveals how he uncovered a secret scheme by NBA owner Steve Ballmer to circumvent the league's salary cap by funneling $50 million to superstar Kawhi Leonard through a defunct carbon credits company, Aspiration. Despite the story's massive implications—potentially the largest salary cap evasion in sports history—Torre describes feeling like 'the turd in the pool' amid a sports media landscape that often prioritizes entertainment over hard journalism. He reflects on the loneliness of investigative work in a space where fans crave escapism, even as the truth becomes more vital. Yet he finds hope in the growing public appetite for accountability, especially as sports become increasingly valuable to institutional investors and tech giants who may not care about the game’s soul. Torre argues that sports, despite being a refuge from politics, must still uphold ethical norms—and that uncovering the truth can be both thrilling and essential. The episode also explores how the value of sports franchises has skyrocketed, making them unaffordable for individuals and pushing ownership toward private equity and tech firms. With cable TV revenue declining, the future of sports depends on companies that see them as optional entertainment, not cultural pillars. Torre warns that this shift risks replacing fans as owners with profit-driven entities, threatening the very spirit of fair play.
Steve Ballmer allegedly used a shell company, Aspiration, to secretly pay Kawhi Leonard $50 million to bypass the NBA salary cap.
No public record of Kawhi Leonard endorsing Aspiration exists, despite claims he was the highest-paid endorser—making the deal a 'no-show job'.
The NBA has launched an ongoing investigation into the allegations, with outside counsel Wachtell Lipton reviewing over 3,000 pages of documents.
The collapse of Aspiration revealed a whistleblower complaint that predated Torre’s reporting, confirming the scheme involved carbon credits and cap circumvention.
Sports media is increasingly dominated by entertainment, but audiences are now showing hunger for investigative journalism—even when it’s uncomfortable.
…and 3 more takeaways available in PodZeus
The Pulitzer-Winning Sports Investigator
David Remnick introduces Pablo Torre, a sports journalist who won the Pulitzer Prize for audio reporting for his investigative work on the NBA salary cap evasion scheme involving Steve Ballmer and Kawhi Leonard.
The Aspiration Company and the $50 Million Secret
“Steve Ballmer entered into a secret deal to pay Kawhi Leonard through this company that he was personally invested in to the tune of $50 million, the biggest investor in the company individually.”
The No-Show Endorsement and the Missing Deal
“He didn't publicly endorse, he never did anything. It wasn't in TV commercials? It was a no-show job. Wow, like in The Sopranos.”
The Ethics of the Salary Cap and the Zero-Sum Game
“When Steve Ballmer allegedly breaks that cardinal rule, it's at the expense of his competitors. And so... that zero-sum game in which if there's an advantage over here by rule breaking, that there is suffering over here by some fan whose owner stupidly decided to play by the rules.”
The Future of Sports: From Fans to Institutional Investors
“We are watching in sports right now as the green arrow on sport continues to go up and to the right, we are watching the replacement of fans as owners. We're watching them be replaced by institutional investors who are here for the growth, for the profit, for the money because it's only going up.”
“Steve Ballmer entered into a secret deal to pay Kawhi Leonard through this company that he was personally invested in to the tune of $50 million, the biggest investor in the company individually.”
“It kind of feels like I'm the guy who is the proverbial turd. At the garden party. Inside the pool itself. Like we got out of here actually because of you.”
“And the reason I spotlight that is because we are watching in sports right now as the green arrow on sport continues to go up and to the right, we are watching the replacement of fans as owners. We're watching them be replaced by institutional investors who are here for the growth, for the profit, for the money because it's only going up.”
Host
Guest
Pablo Torre
person
Kawhi Leonard
person
Steve Ballmer
person
Aspiration
organization
NBA
organization
David Remnick
person
The New Yorker
organization
Joe Sandberg
person
ESPN
organization
Wachtell Lipton
organization
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