Close Menu
PlayActionNews

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    With a little help from Jane Couch, Jack Hatton extends family legacy

    November 1, 2025

    11 Fantasy Football Waiver Wire Stashes Ahead of Week 10 (2025)

    November 1, 2025

    NFL Week 9 roundtable: Trade deadline sellers, Chiefs-Bills, and QBs return from injury

    November 1, 2025

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    Facebook X (Twitter) Instagram
    • Home
    • Daily News
    • Soccer
    • Baseball
    • Basketball
    • Football
    • Boxing
    • UFC
    • Fantasy
    Saturday, November 1
    PlayActionNews
    Facebook X (Twitter) Instagram Pinterest
    PlayActionNews
    Home»Basketball»Malik Beasley exonerated in gambling probe, but at what cost for the former Lakers guard?
    Basketball

    Malik Beasley exonerated in gambling probe, but at what cost for the former Lakers guard?

    By PlayActionNewsAugust 22, 20254 Mins Read
    Share Facebook Twitter Pinterest LinkedIn Tumblr Email
    Download app from appStore
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Players placing bets on games is taboo. Innumerable sports fans were educated on this point in 1989 when hits king Pete Rose received a lifetime ban from Major League Baseball for betting on games while he was a manager.

    Or upon watching “Eight Men Out,” the 1988 film about MLB’s Black Sox Scandal in which eight members of the Chicago White Sox conspired with gamblers to lose the 1919 World Series.

    Advertisement

    Or from recent incidents, including Atlanta Falcons wide receiver Calvin Ridley’s suspension in 2022 for a year for betting on NFL games and Toronto Raptors forward Jontay Porter’s lifetime ban in 2024 for betting on NBA games, giving gamblers confidential information and taking himself out of a game to affect bets.

    Rose’s ban was rescinded this year, but not until after he died, with MLB commissioner Rob Manfred reasoning that the lifetime part of the ban was no longer applicable.

    Former Lakers guard Malik Beasley presumably can take solace in being alive Friday when he learned that he is no longer a target of the federal gambling investigation that his attorneys said harmed his reputation and cost him millions in potential earnings.

    Read more: Pete Rose, ‘Shoeless’ Joe Jackson reinstated by Major League Baseball, making Hall of Fame election possible

    Advertisement

    Attorneys Steve Haney and Mike Schachter told ESPN that they were informed by the court conducting the investigation that Beasley is not suspected of gambling on NBA games during the 2023-24 season.

    “Months after this investigation commenced, Malik remains uncharged and is not the target of this investigation,” Haney told ESPN. “An allegation with no charge, indictment or conviction should never have the catastrophic consequence this has caused Malik. This has literally been the opposite of the presumption of innocence.”

    It was reported one day before the official start of free agency in June that Beasley was under investigation by the Eastern District of New York. And, yes, Beasley was a free agent after averaging 16.3 points a game with the Detroit Pistons and setting a franchise record with 319 three-pointers.

    Result? The three-year, $42-million contract the Pistons had on the table to bring back the 28-year-old nine-year veteran was rescinded. Other suitors turned their backs as well.

    Advertisement

    Two months later, most teams have spent the money for free agents. The maximum Beasley can re-sign with the Pistons for is one year and $7.2 million. Several other teams can offer a deal worth roughly twice that much, but Beasley likely will sign for one-year.

    Read more: Nuggets’ Michael Porter Jr.’s 3 brothers’ troubles: NBA ban, prison sentence, DWI arrest

    Beasley posted a SnapChat story Aug. 6 before he had been exonerated, and he couldn’t help but sound bitter.

    “People are judging me,” he said on the video. “Have I made some mistakes in my life? Yes. Am I proud of those mistakes? No. I’m human, but I know what I know… I just gotta stay positive, stay low key.

    Advertisement

    “I’ll tell you one thing, I’ve got a chip on my shoulder. I’m ready to destroy anything in front of me to prove again that I belong in this league. For those who know me, I work too hard. I work every day. I put basketball before anything.”

    Beasley pleaded guilty to a felony charge of threats of violence and was sentenced to 120 days in jail in 2020. The NBA suspended him for 12 games. The three-point-shooting expert played 24 games for the Lakers in the 2022-23 season, averaging 11.1 points a game.

    Beasley drew the attention of the gambling investigation when a sportsbook detected heavy betting on his statistics beginning in January 2024, according to ESPN.

    A Jan. 31 game involving the Milwaukee Bucks — the team Beasley played for at the time — raised suspicions, according to ESPN’s gambling industry source. The odds on Beasley recording fewer than 2.5 rebounds shortened significantly at sportsbooks leading up to the game. Beasley, however, finished with six rebounds, and those suspicious bets lost.

    Get the best, most interesting and strangest stories of the day from the L.A. sports scene and beyond from our newsletter The Sports Report.

    This story originally appeared in Los Angeles Times.

    Beasley cost exonerated Gambling guard Lakers Malik probe
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Basketball

    Ja Morant hints at dispute with Grizzlies’ coach after loss to Lakers: ‘Go ask him’

    November 1, 2025
    Soccer

    149 Turkish referees and assistants suspended in betting probe

    November 1, 2025
    Basketball

    Hornets exercise options on Brandon Miller, Tidjane Salaun

    November 1, 2025
    Basketball

    The Sacramento Kings are stuck in the past in more ways than one

    October 31, 2025
    Basketball

    Wembanyama’s Spurs make surprising history. Plus, the NBA Cup returns!

    October 31, 2025
    Basketball

    Sources: NBA, books review most vulnerable bets, wager limits

    October 31, 2025
    Editors Picks

    Pacquiao wants to fight again: Can Romero or Mayweather be next?

    July 20, 2025

    July update: 2025 top 10 prospect rankings for all 30 MLB teams

    July 20, 2025

    NBA free agency 2025 – Reaction and grades for the biggest signings

    July 20, 2025

    Fantasy baseball lineup advice and betting tips for Sunday

    July 20, 2025
    Top Reviews

    Subscribe to News

    Get the latest sports news from NewsSite about world, sports and politics.

    Editor's Picks

    With a little help from Jane Couch, Jack Hatton extends family legacy

    November 1, 2025

    11 Fantasy Football Waiver Wire Stashes Ahead of Week 10 (2025)

    November 1, 2025

    NFL Week 9 roundtable: Trade deadline sellers, Chiefs-Bills, and QBs return from injury

    November 1, 2025

    College Football Best Bets & Predictions for Week 10 Afternoon Games

    November 1, 2025
    Latest Posts
    Facebook Pinterest WhatsApp Instagram

    Popular Categories

    • Baseball
    • Basketball
    • Fantasy
    • Boxing
    • Daily News

    Trending News

    • Football
    • Picks
    • Soccer
    • UFC

    Useful Links

    • About Us
    • Contact us
    • Privacy Policy
    • Terms and Conditions
    • Disclaimer

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    © 2025 PlayActionNews .
    • About Us
    • Contact us
    • Privacy Policy
    • Terms and Conditions
    • Disclaimer

    Type above and press Enter to search. Press Esc to cancel.