NBA guard Malik Beasley is no longer a target of the federal gambling investigation being run by the U.S. Attorney’s Office for the Eastern District of New York, his lawyers Steve Haney and Mike Schachter told ESPN. Prosecutors informed the attorneys after several meetings, ending months-long scrutiny of allegations that Beasley wagered on NBA games and player-prop bets during the 2023-24 season. No charges have been filed. The decision removes the legal cloud that froze Beasley’s free-agency market on the eve of this summer’s negotiating period. Talks on a three-year, $42 million agreement to return to the Detroit Pistons collapsed when the probe became public on June 29. Clubs holding mid-level or bi-annual exceptions—among them the Bulls, Pacers, Pelicans, Kings and Wizards—and the cap-space-rich Brooklyn Nets are now expected to revisit interest, according to people familiar with the situation. Sportsbooks had flagged unusual betting activity on several Beasley statistical props early in 2024, triggering the federal inquiry. The NBA has said it continues to cooperate with investigators, while the National Basketball Players Association reiterated Friday that it has seen no evidence of a broader gambling problem among players. Beasley, 28, appeared in all 82 games for Detroit last season, averaging 16.3 points and hitting 319 three-pointers—a franchise record and the second-highest total in the league behind Minnesota’s Anthony Edwards.
Breaking: Malik Beasley is no longer a target of the federal gambling investigation conducted by the Eastern District of New York, his attorneys told @ShamsCharania. This potentially reopens free agency for one of the NBA's top shooters. Get breaking news alerts from Shams https://t.co/hYRhmNll54
ESPN story on Malik Beasley receiving determination that he is not a target in Eastern District of New York's gambling investigation, potentially opening door for the sharpshooter with the second-most 3s in NBA last season to resume free agency: https://t.co/fg1QfwhJT3
BREAKING: Free agent Malik Beasley is no longer a target of the federal gambling investigation conducted by the Eastern District of New York, per @ShamsCharania. https://t.co/UMQ90nhZkD