Updated News Around the World

NBA investigation: Probe into free agency acquisitions of Kyle Lowry and Lonzo Ball reaches advanced stages

According to ESPN’s Adrian Wojnarowski, the NBA’s probe into pre-free agency tampering cases has reached the advanced stages. 

The probe is focused primarily on the sign-and-trade acquisitions of Lonzo Ball to the Chicago Bulls and Kyle Lowry to the Miami Heat.

These two deals were announced almost immediately after 2021 free agency began at 6 p.m. ET on Aug. 2, even though sign-and-trade deals are more complicated and time-consuming to complete as compared to the traditional free-agent signings. 

NBA League Pass: Sign up to unlock live out-of-market games (7-day free trial)

The Bulls acquired Ball – who was a restricted free agent – on a four-year, $80 million contract in exchange for Garrett Temple, who signed a new, three-year, $15.5 million deal, and guard Tomas Satoransky.

On the other hand, the Heat guaranteed Goran Dragic’s $19 million team option, which allowed them to send him, along with Precious Achiuwa, to the Raptors in exchange for Kyle Lowry, who ensuingly signed a three-year, $85 million deal. 

Wojnarowski’s report mentions that the league’s investigation includes interviews with numerous team executives and player agents, and also the e-mails of four front-office executives in Chicago, New Orleans, Miami and Toronto over the past three months. 

In 2019, the league announced more stringent penalties for violations of such nature, from raising the maximum fine to $10 million to suspending team executives to the possibility of forfeiting draft picks and voiding contracts. 

A most recent example of this could be seen last year. The Milwaukee Bucks lost a 2022 second-round pick for tampering charges with Sacramento Kings restricted free agent Bogdan Bogdanovic. That deal fell through and the Serbian guard eventually signed with the Atlanta Hawks. 

Last but not least, Wojnarowski’s report states that NBA could reveal it’s finding along with the penalties in the near future.

More to come on the situation.

For all the latest Sports News Click Here 

 For the latest news and updates, follow us on Google News

Read original article here

Denial of responsibility! NewsUpdate is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected]. The content will be deleted within 24 hours.