After playing his 10th NBA season with the Detroit Pistons, veteran guard Malik Beasley has yet to be signed to a new team. The New York Knicks have emerged as a potential destination for the sharpshooter, who has played in 209 total games.

Beasley Is No Longer The Target of a Federal Gambling Investigation

NBA insider Shams Charania reported on Friday that Beasley is no longer the target of a federal gambling investigation issued by the U.S. Attorney’s Office for the Eastern District of New York.

“Months after this investigation commenced, Malik remains uncharged and is not the target of this investigation,” Beasley’s attorney Steve Haney told ESPN. “An allegation with no charge, indictment, or conviction should never have the catastrophic consequence this has caused Malik.”

Charania previously reported on June 29 that the investigation spanned from numerous incidents during the 2023-24 season, when Beasley played for the Milwaukee Bucks. However, during his lone season in Milwaukee, one prominent U.S. sportsbook detected heavy betting interest in the veteran guard.

For instance, during a game between the Bucks and Portland Trailblazers in January 2024, odds on Beasley recording less than 2.5 rebounds moved significantly at the sportsbook before the game. Ultimately, he ended the game with six rebounds, and the bets were suspiciously lost.

The Knicks Shot 36.9 % From Three Point Range

Due to the investigation, the Pistons didn’t offer him the three-year, $42 million deal they had negotiated, and they most certainly can’t reoffer it at this point in the offseason since they used the available cap space to sign guards Caris LeVert and Duncan Robinson.

It's safe to say that the Knicks weren’t the best at shooting three-pointers last season. As a team, they made 36.9 % of their three-pointers and 48.6 % from the field.

New York’s most consistent three-point shooters in 2024-2025 were Jalen Brunson (38.9 %), Karl-Anthony Towns (42.0 %), Mikal Bridges (35.4 %), Miles McBride (36.9 %), Cameron Payne (36.3 %), and Landry Shamet (39.7 %). Last season they had a few proficient shooters, but Payne and Shamet, notable bench contributors, were not brought back.

The Knicks attempted to fill this gap by bringing in guard Jordan Clarkson and forward Guerschon Yabusele, two solid additions to the roster.

The Knicks still have one slot remaining, meaning Beasley can sign a deal to join a Finals contender instead of a franchise like the Memphis Grizzlies, which can also benefit from his proficient three-point shooting. If the veteran guard decides to take his talents to New York, this would be an excellent move for both parties.

Beasley can get the chance to play with a title contender, while New York can add another knockdown shooter to its bench. Last season, Beasley played in all 82 games and averaged 16.3 points, 2.6 rebounds, and 1.7 assists per game on a 41.6 % three-point shooting percentage.

In the playoffs, he helped Detroit win two games against the Knicks, making 33.9 % of his three-pointers by the end of the six-game series. Beasley has shown that he can perform well in big moments with the right team, and the Knicks might just be the perfect fit.