The jersey patch partner of the Phoenix Suns said on Friday that it wouldn't be renewing its sponsorship if the majority owner continued to make racist and misogynist comments.
"PayPal is a values-driven company and has a strong record of combatting racism, sexism and all forms of discrimination," the company's CEO said. The report of the NBA league's independent investigation into the Phoenix Suns owner was reviewed and found to be unacceptable and in conflict with our values.
Is that correct? In light of the findings of the NBA's investigation, we will not be renewing our sponsorship of the Suns.
After the 2022-23 season, the company's sponsorship deal with the Suns is set to end.
The deal with the Suns was worth three million dollars, according to sources.
As part of the punishment announced Tuesday by the NBA, Sarver can return to the Suns for the next two seasons.
During his time with the Suns and Mercury, he used the N-word at least five times.
Sex-related comments and inappropriate comments on employees' appearances were included in the NBA's statement.
An investigation was commissioned by the NBA in the wake of allegations of racism and misogynistic behavior by the owner of the team.
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