The sports agency representing Malik Beasley has initiated legal action seeking $2.25 million in damages, citing an alleged breach of contract and an unpaid loan. The agency claims that Beasley failed to fulfill contractual obligations regarding endorsement deals and financial agreements made during their business relationship. According to court documents, the agency had invested significant resources to advance Beasley’s career and expected returns through signed contractual commitments that reportedly went unhonored.

Key points outlined in the lawsuit include:

  • Alleged breach involving failure to adhere to the terms of exclusivity and payment schedules.
  • An outstanding loan of $500,000 that remains unpaid despite repeated demands.
  • Claims related to potential reputational damage tied to recent federal investigations into sports gambling, which the agency argues has affected their contractual partnership.
Item Amount…