Latest news with #HazanSportsManagement
Yahoo
3 days ago
- Business
- Yahoo
Malik Beasley Is Being Sued By His Barber, Dentist, And Former Sports Agency
Malik Beasley Is Being Sued By His Barber, Dentist, And Former Sports Agency originally appeared on Fadeaway World. Detroit Pistons guard Malik Beasley delivered one of the best seasons of his career in 2024–25, finishing second in Sixth Man of the Year voting while hitting over 300 threes and playing a pivotal role in the Pistons' return to playoff relevance. Yet behind the scenes, Beasley's financial life has completely unraveled. According to court records obtained by The Detroit News, the 27-year-old is battling over $8 million in debts while facing lawsuits from multiple creditors including his former barber, dentist, landlord, and sports agency. And that's not all. Beasley is currently under investigation by the FBI in connection with a federal probe into gambling, wire fraud, and alleged prop bet violations. While no charges have been filed, sources confirm the Pistons have pulled a proposed three-year, $42 million offer due to the growing uncertainty surrounding Beasley's off-court issues. Among the most high-profile legal troubles is a lawsuit filed in April by Hazan Sports Management Group Inc., a New York-based agency that claims Beasley failed to repay a $650,000 advance on future marketing revenue. The lawsuit, filed in federal court, seeks at least $2.25 million for breach of contract, with Hazan alleging that Beasley made 'sporadic payments and vague promises' after terminating their agreement in February. The firm served Beasley at the Ritz-Carlton in New York City on April 21st, just hours before he helped the Pistons beat the Knicks in Game 2 of their playoff series. Hazan isn't the only creditor after Beasley. A separate $5.8 million judgment was awarded to South River Capital LLC in 2021 after Beasley defaulted on a high-interest athlete loan. Though he repaid $1.13 million of that in 2023, the remainder remains outstanding. Even the more minor debts paint a grim picture. In January 2025, celebrity barbershop Cairo Cuts, known for styling dozens of NBA players, won a $26,827 judgment against Beasley in Wisconsin. The case stemmed from unpaid grooming sessions dating back to his Milwaukee Bucks tenure. Photos of Beasley from the spring of 2024 still sit on the barber's Instagram page with the caption 'playoff ready,' making the collapse of their relationship all the more jarring. That same month, a Minnesota-based dentist, Dr. Hassan Alshehabi of Delicate Smiles, won a $34,390 judgment for unpaid dental procedures. In February, the court approved garnishment of Beasley's Pistons paycheck to begin satisfying the debt, which remains unpaid to date. His housing situation isn't faring much better. Beasley has been sued twice in the past four months by The Stott, a luxury high-rise in downtown Detroit owned by Dan Gilbert's Bedrock real estate empire. In March, the landlord sought $14,150 in unpaid rent, a case that was dismissed. However, just a month later, they filed a second lawsuit over $7,355 in new rent defaults. A court hearing is scheduled for July 15. Meanwhile, Beasley reportedly signed a bridge loan agreement last August with a Florida lender, pledging his current and future NBA contracts as collateral. These types of loans are common for pro athletes but often carry exorbitant interest rates.' In total, Malik Beasley, despite earning over $59 million in NBA contracts, finds himself on the brink of financial ruin. With the FBI circling and the Pistons now hesitant to re-sign him, the sharpshooter's offseason may be defined more by courtrooms than court story was originally reported by Fadeaway World on Jul 2, 2025, where it first appeared.
Yahoo
15-07-2025
- Business
- Yahoo
Former Detroit Pistons guard Malik Beasley previously faced millions in lawsuits
The most recent lawsuit against former Detroit Pistons guard Malik Beasley is just the latest in a string of financial trouble the NBA veteran has faced over the last few years. As first reported by ESPN, Beasley was sued by New York's Hazan Sports Management Group on April 20 for breach of contract related to missed payments on a $650,000 advance. Hazan Sports is seeking $2.5 million of relief, though a court filing released on June 11 shows they and Beasley are currently in settlement talks. Advertisement Court records show that's not the only lawsuit plaintiffs have recently filed against Beasley, with the veteran having been sued twice by a rental property in Detroit in 2025. He also faced two lawsuits in 2024 filed in Milwaukee County Court, totaling more than $60,000 in relief awarded to the plaintiffs. Beasley is also under a federal investigation related to unusual gambling activity surrounding a game he played with the Milwaukee Bucks on Jan. 31, 2024. The Pistons were reportedly gearing up to offer a three-year, $42 million contract to Beasley, who initially signed with the team on July 6, 2024, on a one-year, $6 million deal. Beasley had a resurgent year with the Pistons in the 2024-25 season, smashing the franchise record for 3-pointers made (319) and helping Detroit to its first playoff berth since 2019. Beasley wrote a piece in the Players' Tribune on April 17, just before the start of the 2025 playoffs, calling Detroit a "perfect fit" and expressing his desire to come back to the Pistons. Advertisement But that reunion may be in jeopardy with word of Beasley's financial and legal issues. Malik Beasley sued by Detroit property manager Detroit Pistons guard Malik Beasley celebrates a 3-point basket against the New York Knicks during the first half of Game 6 in an Eastern Conference playoff first-round series at Little Caesars Arena in Detroit on Thursday, May 1, 2025. Records from Detroit's 36th District Court show that Beasley and other occupants of a residence at The Stott, a downtown Detroit apartment located on Griswold St., were sued by Paperclip Properties LLC for non-payment of $14,150 of rent on March 6. Beasley did not show up to the hearing, though the case was later dismissed on March 31. However, Paperclip sued Beasley again on June 3 for non-payment of rent, this time for $7,355. Beasley once again failed to appear at the hearing when summoned, and the case is still ongoing. Advertisement Paperclip Properties LLC is a subsidiary of Bedrock Detroit, a real estate firm owned by Rocket Companies chairman Dan Gilbert. Beasley sued by Milwaukee-area barber, dentist Nov 30, 2023; Chicago, Illinois, USA; Milwaukee Bucks guard Malik Beasley (5) drives to the basket against Chicago Bulls guard Ayo Dosunmu (12) during the first half at United Center. Mandatory Credit: Kamil Krzaczynski-USA TODAY Sports Two separate lawsuits were filed against Beasley on Sept. 18, 2024, one by Milwaukee-area dentist Hassan Alshehabi (of Delicate Smiles LLC) and another by Milwaukee barber Rekar Jaff (of Cairo Cuts). Separate judges both ruled in favor of Alshehabi and Jaff on Jan. 22, with Beasley ordered to pay $34,389.70 to Delicate Smiles and $26,826.76 to Cairo Cuts. A garnishment notice on both rulings was placed on Feb. 7, meaning the payments were set to come out of Beasley's paychecks. Advertisement Beasley played with the Milwaukee Bucks in the 2023-24 season, playing in 79 regular-season games and leading the team in three-pointers made (224). Beasley sued by money lender The biggest known financial lawsuit against Beasley involves South River Capital, a Maryland-based company that specializes in lending money to athletes. South River sued Beasley in Baltimore County on Jan. 26, 2022, and was awarded $5.8 million in damages. The lawsuit was filed while Beasley was playing for the Minnesota Timberwolves, where he played from 2019-22. It is unclear how much money Beasley borrowed from South River, nor why South River sued. Advertisement Beasley was the No. 19 overall draft pick by the Denver Nuggets in the 2016 NBA Draft and has played on six teams over his nine-year career. According to Spotrac, he has made approximately $59.9 million in career earnings during his time in the NBA. Christian Romo can be reached at cromo@ This article originally appeared on Detroit Free Press: Former Pistons guard Beasley previously faced millions in lawsuits
Yahoo
08-07-2025
- Business
- Yahoo
FBI Probes Detroit Pistons' Malik Beasley Over Wire Fraud and Illegal Gambling
Federal authorities are investigating former Detroit Pistons guard Malik Beasley's alleged involvement in wire fraud, gambling, and illegal prop betting, according to ESPN. The allegations stem from Beasley's time playing for the Milwaukee Bucks during the 2023-2024 season, sources told the outlet, with the focus on 'unusually heavy betting interest on Beasley's statistics' starting in January 2024. A gambling industry source shared that one or more prominent U.S. sportsbooks noticed the activity. Advertisement The 18-month investigation is being led by the U.S. Attorney's Office for the Eastern District of New York, Beasley's lawyer Steve Haney told The Detroit News. 'It's a gambling investigation involving Malik. No criminal charges have been issued. It's nothing but an investigation and Malik is entitled to the presumption of innocence,' Haney said, per the outlet. The investigation has reportedly resulted in the Pistons withdrawing a three-year, $42 million contract offer to Beasley. While on the court, it appeared Beasley was fairing well. The free agent has played for six teams throughout his nine-career in the NBA and has earned nearly $60 million, including his recent one-year, $6 million deal with the Pistons, according to Spotrac. However, behind the scenes, a different story unfolded. Advertisement In April 2025, Hazan Sports Management Group Inc. sued Beasley, alleging he failed to repay a $650,000 cash advance for marketing revenue from using his name, image, and likeness. Hazan made 'a substantial investment of time, effort, and resources in a player with known issues (including and especially financial issues)…when they took him on as a client and provided him with a substantial marketing advance in anticipation of helping Beasley become one of the premier players at his position,' the lawsuit reads, per The Detroit News. The company added that when Beasley allegedly fired the firm, '…(Hazan) made several attempts to collect the full amount of the marketing advance but received little more than drips and drabs of sporadic payments and vague promises to repay the balance over time.' The firm is now seeking a minimum of $2.5 million, alleging that he failed to uphold their contract agreement. Advertisement Additional claims against Beasley include a lawsuit from The Stott apartments, stating he owes $7,355 in unpaid rent, as well as a $26,827 judgment won by a celebrity barbershop, Cairo Cuts, that provided him with a loan. Dentist Hassan Alshehabi of Delicate Smiles also won a $34,390 default judgment against Beasley related to a loan. The Detroit News reports Beasley's financial troubles total more than $8 million. 'I have been with Malik for a long time, I have seen a lot of people around him come and go, but I have stayed away from any of his financial management or mismanagement or decisions he would make with money,' Haney told the outlet. Haney clarified that he doesn't handle his client's finances and noted that while his goal is to connect his clients with top business experts, it's ultimately the client's decision to seek guidance. Advertisement The post FBI Probes Detroit Pistons' Malik Beasley Over Wire Fraud and Illegal Gambling appeared first on AfroTech. The post FBI Probes Detroit Pistons' Malik Beasley Over Wire Fraud and Illegal Gambling appeared first on AfroTech.
Al Arabiya
01-07-2025
- Sport
- Al Arabiya
NBA Free Agent Malik Beasley Sued by Former Agency Along With Being Under Gambling Investigation
NBA free agent Malik Beasley, who is under federal investigation regarding gambling allegations, is the defendant in a lawsuit filed by his former agency. New York–based Hazan Sports Management Group sued Beasley in US District Court for breaching a marketing contract on April 18, a day before he and the Detroit Pistons opened a first-round series in New York against the Knicks. ESPN was the first to report on the lawsuit Tuesday. Hazan Sports negotiated a $6 million one-year contract for Beasley with the Pistons last summer. The shooting guard fired the agency in April and hired Seros Partners, according to the lawsuit, despite a four-year exclusive marketing agreement. The agency is asking for $1 million in damages plus a $650,000 advance it gave him, along with commissions and expenses owed, according to the lawsuit. Both sides are working on a settlement, according to a June 11 filing. A message seeking comment was left with the agency. Beasley's attorney is not mentioned in the filings. His representative in the federal investigation, Steve Haney, said Tuesday he is not a part of the lawsuit. The US Attorney's Office for the Eastern District of New York is investigating Beasley regarding gambling allegations tied to league games. 'In 23 years of practicing law, I've had numerous clients federally investigated who have never been charged,' Haney said. 'Hope people keep that in mind and reserve judgment.' The probe into Beasley comes 14 months after the NBA banned Toronto's Jontay Porter, who was linked to a prop bet investigation and eventually pleaded guilty to committing wire fraud. This past season, The Wall Street Journal was first to report that Terry Rozier–then of the Charlotte Hornets–was under investigation for activity related to unusual betting patterns surrounding him in a March 2023 game. Rozier, now of the Miami Heat, has not been charged with any crime nor has he faced any sanction from the NBA. Porter's ban came after a similar investigation into his performance and prop bets–wages where bettors can choose whether a player will reach a certain statistical standard or not during a game. The Porter investigation started once the league learned from licensed sports betting operators and an organization that monitors legal betting markets about unusual gambling patterns surrounding Porter's performance in a game on March 20, 2024, against Sacramento. The league determined that Porter gave a bettor information about his own health status prior to that game and said that another individual–known to be an NBA bettor–placed an $80,000 bet that Porter would not hit the numbers set for him in parlays through an online sports book. That bet would have won $1.1 million. Beasley signed last year with the Pistons, taking a one-year contract for $6 million in the hopes of cashing in this summer as a free agent. He made a single-season franchise-record 319 3-pointers in the regular season. He helped Detroit make the playoffs for the first time since 2019 and end an NBA-record 15-game postseason losing streak in the first round against the New York Knicks. Beasley averaged 16.3 points last season and has averaged 11.7 points over his career with Denver, Minnesota, Utah, the Los Angeles Lakers, Milwaukee, and Detroit. He scored a career-high 19.6 points a game during the 2020–21 season with the Timberwolves. The Atlanta native played at Florida State, and the Nuggets drafted him No. 19 overall in 2016.
Washington Post
01-07-2025
- Sport
- Washington Post
NBA free agent Malik Beasley sued by former agency along with being under gambling investigation
NEW YORK — NBA free agent Malik Beasley , who is under a federal investigation regarding gambling allegations, is the defendant in a lawsuit filed by his former agency. New York-based Hazan Sports Management Group sued Beasley in U.S. District Court for breaching a marketing contract on April 18, a day before he and the Detroit Pistons opened a first-round series in New York against the Knicks.
