Detroit Pistons guard Malik Beasley delivered one of the best seasons of his career in 2024–25, finishing second in Sixth Man of the Year voting while hitting over 300 threes and playing a pivotal role in the Pistons’ return to playoff relevance. Yet behind the scenes, Beasley’s financial life has completely unraveled.
According to court records obtained by The Detroit News, the 27-year-old is battling over $8 million in debts while facing lawsuits from multiple creditors including his former barber, dentist, landlord, and sports agency.
And that’s not all. Beasley is currently under investigation by the FBI in connection with a federal probe into gambling, wire fraud, and alleged prop bet violations.
While no charges have been filed, sources confirm the Pistons have pulled a proposed three-year, $42 million offer due to the growing uncertainty surrounding Beasley’s off-court issues.
Among the most high-profile legal troubles is a lawsuit filed in April by Hazan Sports Management Group Inc., a New York-based agency that claims Beasley failed to repay a $650,000 advance on future marketing revenue.
The lawsuit, filed in federal court, seeks at least $2.25 million for breach of contract, with Hazan alleging that Beasley made “sporadic payments and vague promises” after terminating their agreement in February.
The firm served Beasley at the Ritz-Carlton in New York City on April 21st, just hours before he helped the Pistons beat the Knicks in Game 2 of their playoff series.
Hazan isn’t the only creditor after Beasley. A separate $5.8 million judgment was awarded to South River Capital LLC in 2021 after Beasley defaulted on a high-interest athlete loan. Though he repaid $1.13 million of that in 2023, the remainder remains outstanding.
Even the more minor debts paint a grim picture. In January 2025, celebrity barbershop Cairo Cuts, known for styling dozens of NBA players, won a $26,827 judgment against Beasley in Wisconsin.
The case stemmed from unpaid grooming sessions dating back to his Milwaukee Bucks tenure. Photos of Beasley from the spring of 2024 still sit on the barber’s Instagram page with the caption “playoff ready,” making the collapse of their relationship all the more jarring.
That same month, a Minnesota-based dentist, Dr. Hassan Alshehabi of Delicate Smiles, won a $34,390 judgment for unpaid dental procedures. In February, the court approved garnishment of Beasley’s Pistons paycheck to begin satisfying the debt, which remains unpaid to date.
His housing situation isn’t faring much better. Beasley has been sued twice in the past four months by The Stott, a luxury high-rise in downtown Detroit owned by Dan Gilbert’s Bedrock real estate empire.
In March, the landlord sought $14,150 in unpaid rent, a case that was dismissed. However, just a month later, they filed a second lawsuit over $7,355 in new rent defaults. A court hearing is scheduled for July 15.
Meanwhile, Beasley reportedly signed a bridge loan agreement last August with a Florida lender, pledging his current and future NBA contracts as collateral. These types of loans are common for pro athletes but often carry exorbitant interest rates.”
In total, Malik Beasley, despite earning over $59 million in NBA contracts, finds himself on the brink of financial ruin. With the FBI circling and the Pistons now hesitant to re-sign him, the sharpshooter’s offseason may be defined more by courtrooms than court time.
