With the amount of money that NBA players make, it’s insane that we’re seeing these gambling scandals and insurance fraud situations. These people need to learn how to invest their money because they make plenty, so it is obviously a money management issue. I don’t think there is a dollar amount they wouldn’t spend and go broke.
This is a clear case of financial recklessness. Malik Beasley had a history of squandering his earnings and ending up indebted. For someone who has earned about $60 million in nine years to still engage in fraud, gambling, and illegal prop betting, then something is wrong somewhere. Gambling addiction might be part of the problem but he also have other bugger problems.