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Beasley’s Free Agency on Hold Following Federal Gambling Inquiry and Debt Judgments

Federal scrutiny over suspected prop bets has paused his contract talks with civil suits surfacing alongside creditor judgments.

DETROIT, MICHIGAN - MARCH 01: Malik Beasley #5 of the Detroit Pistons plays against the Brooklyn Nets at Little Caesars Arena on March 01, 2025 in Detroit, Michigan. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License. (Photo by Gregory Shamus/Getty Images)
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Malik Beasley passes the ball during a Pistons game this season.

Overview

  • The U.S. Attorney’s Office for the Eastern District of New York is probing large prop bets on Beasley’s 2023–24 performance, focusing on wagers tied to his rebound total in a January game.
  • Hazan Sports Management Group filed an April lawsuit seeking $2.25 million in damages over an unpaid $650,000 marketing advance.
  • Creditors have secured judgments against Beasley, including a nearly $5.8 million award to South River Capital and smaller rulings in favor of a celebrity barber, a dentist and a landlord.
  • Negotiations on a reported three-year, $42 million offer from the Detroit Pistons have been suspended as teams review his legal and financial complications.
  • Beasley’s attorney emphasizes that no charges have been filed and underscores his client’s presumption of innocence as the investigation continues.