Malik Beasley is facing a lawsuit from Hazan Sports Management Group over an unreturned $650,000 marketing advance and breach of contract. The lawsuit seeks $2.25 million in damages and alleges that Beasley has been sporadic in his payments. Hazan Sports mentioned financial issues were known prior to taking Beasley on as a client. As a free agent, Beasley aimed for a $42 million deal with the Detroit Pistons, but discussions are currently on hold due to his financial situation and ongoing investigations.
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.
The lawsuit filed by Hazan Sports Management Group seeks $2.25 million in damages for breach of contract related to Beasley's termination of their agreement.
Hazan Sports alleges that they received little more than sporadic payments from Beasley after providing a substantial marketing advance.
Beasley was a free agent negotiating a potential three-year, $42 million deal but discussions were put on hold due to his financial situation.
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