Malik Beasley No Longer Under Investigation for Alleged Gambling

Malik Beasley, who most recently played for the Detroit Pistons, isn't being investigated for allegedly engaging in gambling on NBA games and prop bets anymore.

As reported by ESPN's Shams Charania, Beasley's attorneys Steve Haney and Mike Schacter announced on Friday (Aug. 22) that the Eastern District of New York confirmed the NBA shooting guard is no longer a target in the federal gambling investigation. Earlier this year, it was revealed that the U.S. District Attorney's office launched an investigation into allegations of "gambling related to NBA games and prop bets." The news came just a day before free agency started, halting conversations and negotiations for his next potential team.

"Months after this investigation commenced, Malik remains uncharged and is not the target of this investigation," said Haney. "An allegation with no charge, indictment or conviction should never have the catastrophic consequence this has caused Malik. This has literally been the opposite of the presumption of innocence."

According to sources, Beasley's agents have remained in contact with several teams throughout the investigation. Now that he's no longer a target, it opens the doors to free agency. He signed a one-year contract with the Pistons last year. He was in talks to resign with the team for a three-year, $42 million contract before the investigation put an end to talks.

Last month, Beasley was hit with lawsuits from his barber, dentist, and sports agency over his alleged debt problems. Earlier this month, meanwhile, Beasley was evicted from this Detroit apartment following two lawsuits filed against him by his landlord, who accused him of amassing $21,500 in unpaid rent. According to all of the lawsuits against him, he's got a reported $8 million in financial problems.