Malik Beasley, an American professional basketball player, holds a net worth of $60 thousand in 2026, despite a career marked by financial and legal troubles.
Malik Beasley is a professional basketball player from the United States whose net worth stands at $60 thousand as of 2026. Drafted in the first round of the 2016 NBA Draft, Beasley has represented multiple teams throughout his career, including the Denver Nuggets, Minnesota Timberwolves, Milwaukee Bucks, and Detroit Pistons. He had a standout season with the Pistons in 2024–25, placing second in the Sixth Man of the Year voting and breaking a franchise record with 319 successful three-point shots. However, his career trajectory has been overshadowed by mounting financial difficulties and a federal probe into alleged gambling and wire fraud, which could have serious repercussions for his future in professional basketball. Beasley attended Saint Francis School in Alpharetta, Georgia, where he distinguished himself as one of the top high school basketball talents in the nation. He then played a single season at Florida State University, where he averaged 15.6 points per game and received ACC All-Freshman Team recognition. His scoring ability and physical skills earned him the 19th overall selection by the Denver Nuggets in the 2016 NBA Draft. During his early years with the Nuggets, Beasley received limited playing opportunities but gradually established himself as a dependable shooter. In the 2018–19 season, he posted averages of 11.3 points per contest while connecting on 40.2% of his three-point attempts. In February 2020, Beasley was traded to the Minnesota Timberwolves, where he quickly thrived, averaging 20.7 points over 14 games before the season was prematurely halted due to the COVID-19 pandemic. He inked a four-year, $60 million contract extension with the Timberwolves in 2020 and continued to perform, though off-court controversies—including an arrest and subsequent suspension in 2020—tarnished his reputation. Beasley later played brief stints with the Utah Jazz and Milwaukee Bucks before joining the Detroit Pistons in 2024. Throughout his NBA tenure, Malik Beasley has agreed to contracts totaling over $59 million. His most substantial deal was the four-year, $60 million agreement signed with the Timberwolves in 2020. After brief stints in Utah and Milwaukee, he secured a one-year, $6 million deal with the Detroit Pistons for the 2024–25 campaign. In addition to his debts, Beasley entered into a bridge loan agreement in 2024, using his current and future NBA earnings as collateral for the loan. His legal representative has noted that such financing arrangements are not uncommon among athletes, though they may involve high-risk terms. Beasley is presently under federal scrutiny for suspected involvement in manipulating proposition bets and engaging in wire fraud. The investigation centers on the 2023–24 season, particularly a game between the Bucks and Trail Blazers where betting surged on a proposition bet linked to Beasley’s rebound count. Although he did not fail to meet the betting line, the unusually high volume of wagers triggered an inquiry. No formal charges have been filed yet, but the FBI’s investigation has already produced consequences: the Pistons withdrew a $42 million contract offer, and Beasley’s professional future hangs in uncertainty as the NBA and federal authorities assess whether his behavior breached league policies or federal statutes. Beasley and Yao briefly reunited in 2022 before parting ways again. Beyond his legal and financial challenges, Beasley served a 78-day sentence in a workhouse in 2021 after admitting guilt to a felony charge of making violent threats stemming from an incident outside his Minnesota residence in 2020. He was still under contract with the Timberwolves at the time. Despite these setbacks, Beasley has at times voiced his commitment to becoming a positive influence for his son and learning from his past errors. © 2026 Celebrity Net Worth / All Rights Reserved