The former Detroit Pistons guard is under federal investigation for gambling and information regarding Beasley’s finances have come to light in the immediate aftermath. Beasley was in serious talks with the team to finalize a three-year, $42 million contract, according to ESPN’s Shams Charania, but that deal is now on hold.
Beasley is coming off a one-year, $6 million deal with the Pistons. It leaves the free agent’s NBA future up in the air, but brought something else into focus – Beasley’s financial struggles.
According to the records, the former Piston paid Rekar Jaff of Cairo Cuts, a Milwaukee area barbershop, $26,826.76. Hassan Alshehabi, a dentist at Delicate Smiles LLC on Silver Spring Drive, received $34,389.70.
Beasley’s wages were garnished by the Pistons to help pay back some of the debts.
The Bucks and Jaff declined the Milwaukee Journal Sentinel’s requests for comment, while Alshehabi and Beasley’s attorney, Steve Haney, were not immediately available for comment.
Records show that the guard was lent money from both businesses in 2024, when Beasley played for the Milwaukee Bucks.
Cairo Cuts lent Beasley $15,000 on March 23, 2024. On April 2, Cairo Cuts lent Beasley $1,000 and on April 3 lent him another $4,000.
On April 11, Beasley provided a ‘loan agreement and promissory note’ of $30,000 to Delicate Smiles, and the company provided a $20,000 advance to Beasley.
Then on April 24, Delicate Smiles gave a $10,000 advance to Beasley.
On April 30, Cairo Cuts lent Beasley $1,000. The next day, Cairo Cuts lent Beasley $9,000, and he gave the company another loan agreement and promissory note for $30,000.
Then on May 3, Delicate Smiles lent Beasley $1,000, followed by $2,000 on May 8 and $3,000 on May 12.
It comes on the heels of a report by the Detroit Free Press, part of the USA TODAY Network, that Beasley was sued in June by Paperclip Properties, a Detroit property manager, for non-payment of rent.
Hazan Sports Management Group, Beasley’s former agency, is another group that has a legal matter with the player. The agency sued him in April for breach of contract, saying Beasley did not pay back a $650,000 advance, instead sending ‘little more than drips and drabs of sporadic payments and vague promises to repay the balance over time.’
Beasley was previously suspended for 12 games by the league in 2021 for felony gun charges that also resulted in jail time.
The former Piston became the most recent NBA player involved in a gambling-related investigation. In January 2025, it was revealed that the Miami Heat’s Terry Rozier was being looked at for a series of curious bets placed on him during a March 2023 game when he played for the Charlotte Hornets.
Rozier was cleared of any wrongdoing in relation to the matter.
Former Toronto Raptors’ forward Jontay Porter was handed a lifetime ban from the league after he was discovered to be making prop bets on himself. He also revealed crucial information to bettors while also changing his level of play depending on the wagers.
For now, Beasley’s attorney is adamant about maintaining his client’s innocence – pointing out that he hasn’t been charged with anything yet.
Haney, Beasley’s attorney, said in a statement to ESPN: ‘An investigation is not a charge. Malik is afforded the same right of the presumption of innocence as anyone else under the U.S. Constitution. As of now he has not been charged with anything.”
The investigation remains ongoing.