According to ESPN’s Shams Charania, Malik Beasley is no longer the target of a federal gambling investigation.
News broke that the veteran sharpshooter had fallen into hot water earlier this offseason. The government had been looking into allegations linked to NBA games from the 2023-24 season, when Beasley suited up for the Milwaukee Bucks. The shocking investigation came a little less than a year after the league banned Jontay Porter, brother of Michael Porter Jr., for disclosing information and betting on games. He eventually pleaded guilty to a conspiracy to commit wire fraud.
As Beasley’s investigation stretched on, information surfaced regarding apparent financial struggles. The 28-year-old guard has been sued multiple times over the last handful of years for failing to make payments. He had also been evicted from his Detroit high-rise apartment.
Nevertheless, Beasley’s attorneys have informed the media that their client is no longer the focus of the investigation and remains uncharged after months of speculation. The announcement is expected to have ripple effects across the NBA landscape, as Beasley came into the summer as one of the most sought-after free agents.
Malik Beasley of the Detroit Pistons – © Matt Krohn-Imagn ImagesMalik Beasley Officially Back on the Market?
Malik Beasley is coming off easily the most impactful season of his career. The guard played an essential part in returning the Pistons to the postseason for the first time since the 2018-19 season. He averaged 16.3 points and shot 41.6 percent from long range on an incredible 9.3 attempts a night. The Pistons also got a full 82 games out of Beasley, who finished as the runner-up for Sixth Man of the Year.
For a league that has become all about space-and-pace, Beasley’s services were expected to be a hot commodity in free agency. The Pistons were ready to pay up to keep him as a key part of their rotation with a reported three-year, $42.0 million contract, but this deal was put on hold when news of the investigation surfaced. Due to other free agent moves, the Pistons are now limited in how much they can offer Beasley. Bobby Marks of ESPN reported that the maximum they can sign him to his $7.2 million.
Charania reported that other teams have been in contact with Beasley’s representatives in recent weeks, but a majority will run into similar financial hurdles. Only a handful of teams have the opportunity to present Beasley with a deal that is over the $7.2 million mark, and the majority of those teams are not currently in the playoff picture. So might Malik Beasley end up settling for another one-year, prove-it deal? If one thing is for sure, he will be a significant late-summer free-agent addition for any team.
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