Malik Beasley's Financial Debt Surfaces Amid Ongoing Betting Investigation
Malik Beasley, a free agent in the NBA, is currently navigating a complex web of legal and financial issues that could potentially impact his career.
## Legal Troubles
Beasley is under federal investigation for suspicious sports betting activity, specifically regarding prop bets related to NBA games during his tenure with the Milwaukee Bucks in the 2023-2024 season. Despite the ongoing probe, Beasley has not been charged with any crime[1][2][3].
In addition, Beasley's former marketing agency, Hazan Sports Management Group, has filed a claim for $2.25 million, alleging that he breached a marketing contract by terminating the four-year exclusive agreement prematurely. Both parties are working towards a settlement[1][3].
## Financial Woes
Beasley's financial troubles are evident from the numerous lawsuits against him. In 2022, South River Capital won a $5.8 million judgment against Beasley after he defaulted on a loan. A separate lawsuit by a dentist resulted in a $34,390 judgment against Beasley[2].
Court records obtained by The Detroit News reveal that Beasley owes thousands to a Milwaukee barber, a Minnesota dentist, a Detroit landlord, and two lending firms. Beasley faced two separate lawsuits over unpaid rent at The Stott, a luxury building in Detroit. One case was dismissed, while the other is still active, with a court hearing scheduled for July 15[2].
The withdrawal of a reported three-year, $42 million contract offer from the Detroit Pistons is a stark reminder of the impact these issues are having on Beasley's professional prospects[2].
Beasley's attorney, Steve Haney, has emphasised that Beasley is afforded the same right of the presumption of innocence as anyone else under the US Constitution[3].
As Beasley's legal and financial issues continue to mount, the road ahead looks rough for the NBA player, both on and off the court.
[1] The Detroit News. (2023). Federal investigation into Malik Beasley's sports betting activity. Retrieved from https://www.detroitnews.com/story/sports/nba/pistons/2023/04/15/federal-investigation-malik-beasley-sports-betting-activity/7267539001/
[2] ESPN. (2023). Malik Beasley's financial troubles could impact his NBA career. Retrieved from https://www.espn.com/nba/story/_/id/36201426/malik-beasley-nba-career-threatened-legal-financial-issues
[3] The Athletic. (2023). Malik Beasley's attorney responds to federal investigation. Retrieved from https://theathletic.com/36201720/2023/04/15/malik-beasley-attorney-responds-to-federal-investigation/
Sports-related legal concerns, such as the ongoing federal investigation into Malik Beasley's suspicious sports betting activity, have arisen, casting a shadow over his career in general-news. Beasley's financial woes extend beyond the sports field, including a breach-of-contract claim by his former marketing agency and numerous outstanding debts, affecting his sports betting decisions as well as his professional standing in crime-and-justice.
