Malik Beasley Is No Longer A Target Of A Federal Gambling Probe, But It Still Cost Around… $40 Million
ByJoey Heldon August 27, 2025inArticles›Sports News
It’s been a chaotic summer for Malik Beasley . The NBA guard was coming off his best season as a pro, hitting 319 three-pointers at an impressive 41.6% clip. In fact, Beasley was one three-pointer shy of tying Anthony Edwards for the league lead. Beasley was a key piece for the Detroit Pistons, which had just won their first playoff games since 2008, and he was looking to sign a lucrative contract extension.
Then, the news came out that Beasley was the target of a federal gambling probe. Suddenly, that extension— which was reported to be for three years and $42 million —was off the table.
Beasley was being investigated over a series of games during the 2023-24 season that had unusual betting activity. While that was going on, reports of additional financial woes came out. Per public records, Beasley was dealing with:
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- A debt of more than $5.8 million to South River Capital, a firm that provides high-interest loans to athletes.
- A legal battle against a Minnesota dentist, who won a $34,390 judgment and began garnishing his Pistons paychecks in 2025.
- Another legal battle with a celebrity barbershop in Milwaukee, which obtained a $26,827 judgment against him.
- Two lawsuits from Bedrock Detroit, Dan Gilbert’s real estate firm, for failing to pay rent at a downtown apartment building.
- An additional lawsuit from Hazan Sports Management for breach of contract, seeking $2.25 million over an unpaid $650,000 marketing advance.
As Beasley’s lawyer noted, he hadn’t been charged with anything. And now, investigators have said Beasley is no longer the “target” of the probe. That doesn’t mean he’s entirely in the clear— Front Office Sports reported a source said Beasley is still a “subject” of investigations—but it does appear to open the door for him to sign with a team before training camp starts in about a month.
Most free agents have signed with other teams, so he’s one of the most valuable available players remaining. However, Beasley will likely lose out on millions of dollars as a result of the investigation. Some teams may still hesitate to sign him as long as there’s still potential for a criminal charge.
Even if a team is willing to offer a contract, we’re now much later into the offseason. Teams have filled out their rosters and used up their cap space. Beasley could join a contender like the New York Knicks or Cleveland Cavaliers, but he’d likely have to settle for the veteran’s minimum. In Beasley’s case, that would be about $3.3 million. Should that happen, this probe will have caused Beasley to miss out on about $38.7 million .
It seems the most realistic scenario is Beasley signing a one-year contract for the veteran’s minimum this year and put up another productive season. With how this summer has gone, he’d probably welcome that fresh start.
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- After Acquiring Chris Paul And Locking Up James Harden, Carmelo Anthony Is The Next Target For The Houston Rockets
After Acquiring Chris Paul And Locking Up James Harden, Carmelo Anthony Is The Next Target For The Houston Rockets
ByJoey Heldon July 14, 2017inArticles›Sports News
The Houston Rockets have been busy this offseason, trading for Chris Paul and signing James Harden to a record-setting contract extension . They also signed wing P.J. Tucker to a four-year deal, adding additional depth to their bench.
There’s still one more major move they want to make: getting Carmelo Anthony .
Multiple sources around the league, including Adrian Wojnarowski and Brian Windhorst of ESPN, have said the Rockets are turning their “full attention” to Anthony. He’ll waive his no-trade clause for the right team – which is reportedly either the Rockets or the Cleveland Cavaliers.
The Cavs are the frontrunners to land Anthony thanks to the eight-time All-Star’s friendship with LeBron James . Cleveland also has a bit more flexibility with salary, though both teams have a lot of money on the books.
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Houston, in fact, is already over the salary cap. Anthony is due $54.2 million over the next two seasons, which includes an $8.1 million “trade kicker.” Anthony could waive part or all of the trade kicker; if he doesn’t, he’ll make $34.4 million next season. The Rockets would have to give up an equal amount of salaries in any trade.
That’s a lot of work Rockets GM Daryl Morey has to do to make an Anthony trade work. Ryan Anderson is a prime candidate to be dealt, but with three years and $60 million remaining on his contract, few teams – the Knicks included – want to actually take his contract. Trevor Ariza is likely a more appealing trade chip for the Knicks since he’s only owed $7.4 million before his contract expires next offseason.
Even trading both of them would require the Rockets to shed about $8 million in additional salary, assuming Anthony keeps his trade kicker. Also working against the Rockets is that they don’t have their own 2018 first-round draft pick, which was traded to the Clippers in the deal for Paul.
Finally, the Rockets have to consider Anthony’s relationship with the team’s current head coach, Mike D’Antoni . D’Antoni was in New York for two seasons but resigned midway through the 2011-12 season. That was in part due to major differences with Anthony.
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