Denver Basketball Team: Denver Nuggets

In the world of professional basketball, Malik Beasley's future remains shrouded in uncertainty as he navigates an ongoing federal investigation. The investigation, initiated by the NBA, has been a topic of discussion since the Associated Press reported on it in late June.

Last year, Beasley joined the Detroit Pistons on a one-year, $6 million deal. His tenure with the team was marked by a stellar performance, as he became the fifth player in NBA history to make at least 300 3-pointers in a season while averaging 16.3 points for a playoff team. This impressive feat broke the Pistons' franchise record, with Beasley making a total of 319 3-pointers during the season.

Beasley's goal while with the Pistons was to cash in as a free agent this summer. However, the allegations against him, without any charge, indictment, or conviction, have caused significant consequences, according to his attorneys. The details of Beasley's ties to the investigation have not been disclosed, but it is known that the investigation did not begin with the Associated Press report in late June.

Steve Haney and Mike Schachter, Beasley's attorneys, have had extensive conversations and meetings with Eastern District of New York authorities. In a statement, they asserted that the presumption of innocence has not been upheld in this case. They also confirmed that Beasley is no longer considered a target in the federal gambling probe.

Despite the ongoing investigation, the NBA has not taken any action against Beasley in relation to the gambling investigation. The U.S. Attorney's office in Brooklyn declined to comment on the matter. Interestingly, the NBA banned Toronto's Jontay Porter after he was linked to a prop-bet investigation, 14 months prior to the report about Beasley. Porter eventually pleaded guilty to committing wire fraud.

As the investigation continues, Beasley remains uncharged. His attorneys have not immediately responded to requests for comment from The Associated Press. The outcome of this investigation could significantly impact Beasley's future in the NBA, both on and off the court.