Here is the official statement from the league: 

"Miami Heat player Meyers Leonard has been fined $50,000 and suspended from all Heat facilities and team activities for one week for an anti-Semitic comment he made Monday, March 8, the NBA announced today. Leonard will also be required to participate in a cultural diversity program. NBA Commissioner Adam Silver released the following statement:

“Meyers Leonard’s comment was inexcusable and hurtful and such an offensive term has no place in the NBA or in our society. Yesterday, he spoke to representatives of the Anti-Defamation League to better understand the impact of his words and we accept that he is genuinely remorseful. We have further communicated to Meyers that derogatory comments like this will not be tolerated and that he will be expected to uphold the core values of our league – equality, tolerance, inclusion and respect – at all times moving forward.”

While playing video games online Tuesday, Leonard can be heard saying: "F---ing cowards; don't f---ing snipe me, you f---ing k--- b----." Leonard has since apologized in an Instagram. 

"I am deeply sorry for using an anti-Semitic slur during a livestream yesterday," he wrote. "While I didn't know what the word meant at the time, my ignorance about its history and how offensive it is to the Jewish community is absolutely not an excuse and I was just wrong. I am now more aware of its meaning and I am committed to properly seeking out people who can help educate me about this type of hate and how we can fight it.

"I acknowledge and own my mistake and there's no running from something like this that is so hurtful to someone else. This is not a proper representation of who I am and I want to apologize to the Arisons, my teammates, coaches, front office, and everyone associated with the Miami Heat organization, to my family, to our loyal fans and to others in the Jewish community who I have hurt. I promise to do better and know that my future actions will be more powerful than my use of this word."

Leonard has been sidelined since undergoing season-ending shoulder surgery in January.