Malik Beasley, an NBA free agent currently playing for a Bad Bunny-owned team in Puerto Rico, has been ordered to pay $1 million to his former agency after being sued over debts to the firm.
Jeannette A. Vargas, a federal judge in the Southern District of New York, found Beasley is liable for $1 million in damages to be paid to his former agency, Hazan Sports Management. Vargas’ ruling made clear that Beasley was given an opportunity to challenge her findings, but ‘no objections have been filed’ and he has not requested any extensions.
Beasley has no listed attorney.
Neither Daniel Hazan of Hazan Sports Management nor his attorney immediately responded to Daily Mail’s request for comment Thursday night.
ESPN, which first reported the ruling, attempted to call a number associated with Beasley, but the person who answered hung up the phone when asked for comment.
Beasley split from Hazan Sports Management (HSM) a year ago owing the firm $650,000 from a marketing advance, according to the federal lawsuit.
Malik Beasley, an NBA free agent currently playing for a Bad Bunny-owned team in Puerto Rico, has been ordered to pay $1million to his former agency after being sued over debts to the firm
Bad Bunny, a noted basketball fan, owns a team in Puerto Rico that employs Malik Beasley
‘HSM later learned that Beasley engaged Brian Jungreis and Seros Partners to serve as both his on-the-court agent and marketing agent, the latter representing a clear and flagrant violation of the exclusivity provisions of the Marketing Agreement,’ read the complaint, obtained by the Daily Mail.
‘In the ensuing weeks following Beasley’s termination, HSM 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.’
Beasley played for the Detroit Pistons last season, but has gone unsigned since his name surfaced in the federal gambling probe that ensnared former Toronto Raptors forward Jontay Porter.
Beasley has not been charged with any federal crime in the gambling probe and ESPN has reported he is no longer believed to be a target of that investigation.
Beasley was considering a three-year $42 million deal to return to the Pistons when the team pulled the offer amid the federal probe, according to the Detroit News. Team spokespeople did not respond to a request for confirmation at the time.
Last month, Beasley signed with Puerto Rico’s Santurce Crabbers, a basketball team owned by recording artist Bad Bunny.
Beasley was considering a three-year $42 million deal to return to the Pistons when the team pulled the offer amid the federal probe, according to the Detroit News
Beasley has faced other lawsuits as well.
As first reported by The Detroit News, Beasley lost a $5.8 million judgement to a lender in 2022. It remains unclear why Beasley needed the money.
The News also uncovered a financing statement in which Beasley pledged his current and future NBA earnings to a Florida firm in order to obtain a loan.
Previously, he was sued by his downtown Detroit landlord for allegedly failing to pay $7,355 in back rent, according to The News, which also reports that a Milwaukee barber won $26,827 judgement against Beasley in January.
That same month, Beasley lost a $34,390 default judgement to a dentist in Minnesota, where he previously played. Court records from February show Beasley was having some paychecks garnished to pay the dentist.
Beasley is the son of actors Michael and Deena Beasley, and his grandfather, John Beasley, is a veteran stage performer who also appeared in films such as Rudy, Little Big League, and The Mighty Ducks.
