Tankers beware: Jazz fined $500,000, Pacers $100,000 by NBA for player participation policy breach

Utah appeared to find a loophole in the NBA's player participation policy, but the league sent a message Thursday by hitting the Jazz with a $500,000 fine.

The NBA also docked the Indiana Pacers $100,000 for holding out Pascal Siakam and two other starters in a Feb. 3 game against the Jazz.

The policy was put in place in September 2023 to try to discourage clubs from purposely losing in order to improve their chances with the draft lottery. This year's draft is considered the strongest in several years, possibly incentivizing clubs like the Jazz to position themselves for a high pick.

The Jazz did not play stars Lauri Markkanen and Jaren Jackson Jr. in the fourth quarter of recent close games. Both played three quarters in recent road games against Miami and Orlando. The Magic rallied from 17 points down to win 120-117, but the Jazz defeated the Heat 115-111.

Jazz coach Will Hardy was asked after the game at Miami whether he considered playing Markkanen and Jackson in the fourth quarter.

“I wasn’t,” Hardy said succinctly.

In fining the Jazz said, the NBA said in its release “these players were otherwise able to continue to play and the outcomes of the games were thereafter in doubt.”

NBA Commissioner Adam Silver said in a statement the competition committee and team owners will work "to implement further measures to root out this type of conduct.”

“Overt behavior like this that prioritizes draft position over winning undermines the foundation of NBA competition and we will respond accordingly to any further actions that compromise the integrity of our games,” Silver said.

Silver likely will further address the topic when he meets with the media Saturday during All-Star weekend in Los Angeles.

The NBA fined Utah $100,000 last season after the Jazz rested Markkanen in multiple games.

He and the recently-acquired Jackson are the building blocks for the Jazz to try to get back into contention. They traded with Memphis on Feb. 3 for the two-time All-Star and 2023 Defensive Player of the Year.

Jackson, however, will be out for the foreseeable future. He will undergo surgery over the NBA all-star break to remove a growth from his left knee, discovered by an MRI in a physical following the trade. Jackson averaged 22.3 points in 24 minutes per game after joining the Jazz.

Utah has prioritized player development with younger players on its roster at the expense of chasing wins. The front office is motivated to hold onto a first-round pick in this year's draft that is top-eight protected. Falling outside the bottom eight in the standings means Utah would lose that pick to Oklahoma City.

A number of teams, including the Jazz, would seem to have a great interest in securing a high selection for this year's draft.

One of those top prospects plays just south of Salt Lake. BYU's AJ Dybantsa is considered a likely top-three and potentially franchise-changing pick along with Duke's Cameron Boozer and Kansas' Darryn Peterson.

But it's also a deep draft where simply getting into the lottery could mean still getting a shot at a difference-making player.

The Jazz, 18-37 entering Thursday night's game against Portland, will miss the postseason for the fourth year in a row. This comes after a six-year stretch in which the Jazz made the playoffs each season.

Under the direction of CEO Danny Ainge and his son and team president, Austin, the Jazz ultimately are trying to return to the glory days when they didn't just make the playoffs. The John Stockton-Karl Malone teams in 1990s were regular championship contenders, making the NBA Finals in 1997 and 1998.

Freelance writer John Coon in Salt Lake City contributed to this report.

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Utah Jazz head coach Will Hardy watches play during the second half of an NBA basketball game against the Sacramento Kings, Wednesday, Feb. 11, 2026, in Salt Lake City. (AP Photo/Rob Gray)

Utah Jazz center Jaren Jackson Jr. (20) is defended by Orlando Magic forward Tristan da Silva, left, during the first half of an NBA basketball game, Saturday, Feb. 7, 2026, in Orlando, Fla. (AP Photo/Phelan M. Ebenhack)

Utah Jazz forward Lauri Markkanen (23) drives to the basket against Sacramento Kings center Maxime Raynaud (42) during the second half of an NBA basketball game, Wednesday, Feb. 11, 2026, in Salt Lake City. (AP Photo/Rob Gray)

NEW YORK (AP) — Kathy Ruemmler, the top lawyer at storied investment bank Goldman Sachs and former White House counsel to President Barack Obama, announced her resignation Thursday, after emails between her and Jeffrey Epstein showed a close relationship where she described him as an “older brother” and downplayed his sex crimes.

Ruemmler said in a statement that she would "step down as Chief Legal Officer and General Counsel of Goldman Sachs as of June 30, 2026.”

Up until her resignation, Ruemmler repeatedly tried to distance herself from the emails and other correspondence and had been defiant that she would not resign from Goldman’s top legal post, which she had held since 2020.

While Ruemmler has called Epstein a “monster” in recent statements, she had a much different relationship with Epstein before he was arrested a second time for sex crimes in 2019 and later killed himself in a Manhattan jail. Ruemmler called Epstein “Uncle Jeffrey” in emails and said she adored him.

In a statement before her resignation, a Goldman Sachs spokesperson said Ruemmler “regrets ever knowing him.”

In her statement Thursday, Ruemmler said: “Since I joined Goldman Sachs six years ago, it has been my privilege to help oversee the firm’s legal, reputational, and regulatory matters; to enhance our strong risk management processes; and to ensure that we live by our core value of integrity in everything we do. My responsibility is to put Goldman Sachs’ interests first."

Goldman CEO David Solomonsaid in a separate statement: "As one of the most accomplished professionals in her field, Kathy has also been a mentor and friend to many of our people, and she will be missed. I accepted her resignation, and I respect her decision.”

During her time in private practice after she left the White House in 2014, Ruemmler received several expensive gifts from Epstein, including luxury handbags and a fur coat. The gifts were given after Epstein had already been convicted of sex crimes in 2008 and was registered as a sex offender.

“So lovely and thoughtful! Thank you to Uncle Jeffrey!!!” Ruemmler wrote to Epstein in 2018.

Historically, Wall Street frowns on gift-giving between clients and bankers or Wall Street lawyers, particularly high-end gifts that could pose a conflict of interest. Goldman Sachs requires its employees to get preapproval before receiving or giving gifts from clients, according to the company’s code of conduct, partly in order to not run afoul of anti-bribery laws.

As late as December, Goldman CEO David Solomon described Ruemmler as an “excellent lawyer” and said she had his full faith and backing.

A document that was included in the U.S. Department of Justice release of the Jeffrey Epstein files, photographed Tuesday, Feb. 10, 2026, shows a photo of Epstein on a inmate report from the Federal Bureau of Prisons . (AP Photo/Jon Elswick)

FILE - White House counsel Kathryn Ruemmler listens as President Barack Obama speaks at an installation ceremony for FBI Director James Comey at FBI Headquarters, in Washington, Oct. 28, 2013. (AP Photo/Charles Dharapak, File)