Malik Beasley to face a million-dollar fine for contract dispute
A federal judge in New York issued a civil ruling for a million dollars against NBA free agent Malik Beasley on Thursday, regarding a contractual dispute with his former agency.
Judge Jeannette A. Vargas determined that Beasley is responsible for paying one million dollars in damages, plus interest, to Hazan Sports Management, based in New York, his former agency.
In the ruling, Vargas wrote that, despite the extensive warnings, “no objections have been presented nor has an extension been requested to object.” No attorney is mentioned for Beasley in the lawsuit, and the record does not show any action by Beasley.
A person associated with Beasley hung up the phone after being asked for comment. An attorney for Hazan Sports did not immediately respond to a request for comment.
Beasley left Hazan Sports in February 2025, which the agency considered a breach of contract. Hazan Sports stated in the lawsuit that it tried to recover a marketing advance of $650,000 from Beasley, “but received little more than small sporadic payments and vague promises to repay the balance over time.”
Beasley has played nine seasons in the NBA, including stints with the Denver Nuggets, Minnesota Timberwolves, Utah Jazz, Los Angeles Lakers, Milwaukee Bucks, and Detroit Pistons. He had a resurgence season in 2025 and seemed poised for a three-year contract, reportedly worth $42 million, with the Pistons, before his name surfaced in a federal investigation into gambling.
Beasley has not been charged in the case.
Steve Haney, representing Beasley in the gambling investigation, said he was not involved in the Hazan Sports lawsuit.
In September, the NBA announced that it was conducting its own investigation into Beasley. Haney said at the time that his client was “fully cooperating” with the NBA’s investigation.
Last month, Beasley signed with the Puerto Rican basketball team Santurce Crabbers, owned by the artist Bad Bunny.
