Overview
- Rozier entered a not guilty plea to conspiracy to commit wire fraud and conspiracy to commit money laundering at his Brooklyn federal arraignment.
- He was released on a $3 million bond secured by Florida property with restrictions that include no gambling and court approval for large financial transfers.
- Prosecutors say the scheme ran from December 2022 to March 2024 and included Rozier telling a childhood friend he would exit a March 23, 2023 Hornets game early, enabling profitable under-prop wagers.
- The case is part of a broader FBI investigation with more than 30 arrests that also ensnared ex-player Damon Jones and Trail Blazers coach Chauncey Billups in related matters.
- Rozier remains on unpaid leave with his salary held in escrow, and league guidance on whether Miami can trade his $26.6 million contract is unresolved, with reporting indicating the NBA will rule only if a specific trade is presented and the Heat exploring options under that uncertainty.