Suit: Beasley, subject of betting probe, had financial issues

Malik Beasley, an NBA player under investigation in a federal gambling probe, had "financial issues" and struggled to pay back a $650,000 advance this year, according to a lawsuit filed by his former marketing agency.

The suit, filed in April by New York-based Hazan Sports Management Group, seeks $2.25 million in damages and legal fees from Beasley for breach of contract.

An attorney for Hazan Sports wrote that the firm "elected to take a chance and make a substantial investment of time, effort, and resources in a player with known issues (including and especially financial issues)" when it took Beasley on as a client in November 2023.

Beasley terminated the deal two years later on Feb. 27, according to the suit. Hazan Sports tried to recoup a $650,000 marketing advance "but received little more than drips and drabs of sporadic payments and vague promises to repay the balance over time," the suit alleges.

https://www.espn.com/nba/story/_/id/45631256/lawsuit-alleges-malik-beasley-financial-issues