UPDATE: In a significant development for NBA free agency, Malik Beasley is no longer a target in the federal gambling investigation conducted by the Eastern District of New York, according to his attorneys, Steve Haney and Mike Schachter. This news, confirmed just moments ago, could dramatically shift the landscape for one of the league’s top shooters.
Beasley, previously embroiled in allegations related to gambling on NBA games during the 2023-24 season, has been cleared after extensive discussions with federal authorities. Haney stated, “Months after this investigation commenced, Malik remains uncharged and is not the target of this investigation.” He emphasized the unjust repercussions Beasley faced, calling it “the opposite of the presumption of innocence.”
The implications are immediate: Beasley, who averaged 16.3 points last season and set a Pistons franchise record with 319 three-pointers, is now a hot commodity as free agency reopens. Prior to the investigation, the Detroit Pistons were reportedly finalizing a three-year, $42 million contract with the guard, but that offer vanished when the inquiry was announced.
While the NBA previously indicated cooperation with federal prosecutors, the delay in Beasley’s situation stalled all negotiations with potential teams. Several franchises have maintained contact with Beasley’s representation, indicating strong interest in signing him now that he is free from scrutiny.
In addition to his shooting prowess, Beasley made headlines last season by ranking second in total points and three-pointers off the bench, showcasing his skill as a crucial asset for any team. His performance included a record-setting 248 catch-and-shoot three-pointers, the highest since tracking began in 2013-14.
As the Pistons navigate their roster moves, they have signed Caris LeVert, Duncan Robinson, and Javonte Green, complicating Beasley’s potential return to Detroit under a $7.2 million cap. Several teams, including the Chicago Bulls, Indiana Pacers, New Orleans Pelicans, Sacramento Kings, and Washington Wizards, have the capacity to offer Beasley contracts exceeding that limit.
The gambling investigation began when unusual betting patterns were reported surrounding Beasley, particularly noted in a game on January 31, 2024, between the Milwaukee Bucks and the Portland Trail Blazers. Despite the scrutiny, Beasley finished the season strong, averaging 11.3 points over 79 games.
As Beasley prepares to re-enter the free agency market, the National Basketball Players Association (NBPA) has reiterated a commitment to integrity within the league, expressing concern over gambling practices affecting players. A spokesperson stated, “NBA players compete at the highest level with the utmost integrity.”
What happens next? Keep an eye on Beasley’s negotiations as multiple teams look to capitalize on this newly cleared status. With his skills and a fresh start, he could quickly become one of the most sought-after players this offseason. Stay tuned for updates as this story develops.
