NBA player Malik Beasley to plead guilty in gambling scheme tied to his own performance
According to The Athletic, NBA player Malik Beasley is set to plead guilty in connection with a gambling scheme that profited off his play. Beasley earned close to $60 million in career salaries and had been on the verge of signing a three-year, $42 million contract before the charges were filed. The report does not detail the specific mechanics of the scheme or name additional parties involved.
Beasley made nearly $60 million in salaries during his career and was set to sign a three-year, $42 million deal before being charged.
Why it matters
For brands: Sponsors and partners of players implicated in gambling-related crimes may face reputational exposure.
For media: This case raises questions about the integrity of player performance and the league's ability to police gambling activity involving its own players.
For athletes: Pro athletes face serious legal and financial consequences when gambling schemes are connected to their on-court performance, even as passive beneficiaries.
Read the full story at The Athletic
Sources
- The Athletic: Malik Beasley to plead guilty in gambling scheme that profited off his play