NBA player Malik Beasley, who is the subject of a federal gambling investigation, reportedly is facing more than $8 million worth of financial problems that includes being sued for failure to pay for dental appointments, haircuts, loans and rent.
According to court records, Hazan Sports Management Group filed a lawsuit in April alleging that Beasley faced ‘financial issues’ and struggled to pay back a $650,000 advance.
Recommended Videos
Beasley fired the marketing firm in February.
Hazan wants at least $2.25 million for alleged breach of contract.
The lawsuit was filed more than three years after a company that specializes in loaning money to professional athletes won a nearly $5.8 million judgement against Beasley in Maryland.
Beasley was playing for the Minnesota Timberwolves at the time.
In August 2024, Beasley signed a deal with a Florida firm that provides bridge loans to pro athletes. Beasley pledged his current and future NBA contracts as collateral, according to the The Detroit News.
According to The Detroit News, Beasley was sued by the 36th District Court in Detroit for failing to pay $14,150 in rent at The Stott.
The lawsuit was dismissed in late March.
Beasley was sued again by The Stott for failing to pay $7,355 in rent. A hearing is scheduled for July 15.
In January, a Milwaukee-based celebrity barbershop, Cairo Cuts, won a $26,827 judgement against Beasley. Beasley played for the Milwaukee Bucks from 2022-2024.
According to court records, a Minnesota dentist won a $34,390 default judgement against Beasley. The dentist Hassan Alshehabi of Delicate Smiles, started garnishing Beasley’s paychecks from the Pistons in February.
Originally reported by ESPN, the U.S. Attorney’s Office for the Eastern District of New York alleges that Beasley gambled on NBA games and prop bets during the 2023-24 season when he was with the Milwaukee Bucks. He has not been charged with a crime.
The Pistons were reportedly prepared to offer Beasley a 3-year $42 million contract at the start of free agency but negotiations paused after news broke that Beasley was the subject of a federal gambling investigation just before free agency began.