Malik Beasley, currently a free agent, faces legal troubles stemming from a breach of contract lawsuit filed by his former marketing agency, Hazan Sports Management Group. They claim Beasley failed to repay a $650,000 marketing advance, prompting them to seek $2.25 million in damages. His financial issues surfaced as an attorney indicated Beasley has liquidity concerns tied to the NBA's free agency period.

Beasley was engaged in negotiations for a lucrative three-year, $42 million deal with the Detroit Pistons earlier this offseason, but those discussions have stalled. His legal plight follows a federal investigation into gambling activities during the 2023-24 season when he played for the Milwaukee Bucks. Although Beasley has yet to be charged with any crime, the scrutiny surrounding him raises questions about his future in the league.