The National Basketball Players Association (NBPA) responded Friday to a Bloomberg News story the union is being investigated by the United States Attorney's office.
New York, NY The National Basketball Players Association (NBPA) confirmed today that it has received a subpoena for documents from the U.S. Attorney's Office in Manhattan. The NBPA will cooperate fully with the government's investigation. It is no secret that in recent weeks, the leadership, finances and business practices of the NBPA have been questioned. Yesterday, the NBPA's Executive Committee appointed a six-member Special Committee, consisting of members of the Executive Committee and other Player Representatives, to oversee an internal inquiry that will include a financial audit. The Special Committee has retained Theodore V. Wells, Jr. and the law firm of Paul, Weiss, Rifkind, Wharton & Garrison LLP to conduct the internal inquiry. Mr. Wells and Paul, Weiss will report directly to the Special Committee. NBPA Executive Director Billy Hunter has pledged his full cooperation with the internal inquiry, although he has recused himself from the process to ensure that it is an independent one. The NBPA looks forward to putting these matters to rest and to continuing to assist all NBA players in achieving their goals, both on and off the court.