Malik Beasley, who has accumulated $59.2 million over his nine NBA seasons, faces serious financial turmoil highlighted by a lawsuit for $1.65 million filed by Hazan Sports Management Group. They allege breach of contract related to a $6 million deal he signed with the Pistons, which included a $650,000 advance. Beasley switched agencies after signing the contract, prompting Hazan's legal action for the return of the advance plus $1 million in damages. His financial troubles extend further, with judgments against him totaling nearly $5.8 million from lenders and a recent ruling for over $26,000 from a barbershop in Milwaukee that served him during his tenure with the Bucks.

Additionally, Beasley is under investigation by U.S. authorities concerning potential gambling violations tied to the 2023-24 NBA season. While he has not been charged with any crimes, the NBA is cooperating with the federal investigation. This scrutiny has disrupted contract negotiations between Beasley and the Pistons, as concerns mount about his future in the league. Last season, Beasley averaged 16.3 points per game, boasting a 41.6% shooting success from three-point range.