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Federal prosecutors continued outlining allegations in an NBA related betting case involving Miami Heat guard Terry Rozier. Court proceedings this week revealed new financial details tied to bond conditions and the status of the ongoing case.
Good to Know
Miami Heat guard Terry Rozier posted his Florida mansion as collateral for a $3 million bond, according to reporting by the New York Post. Rozier, age 31, pleaded not guilty after his arrest in October in connection with an alleged sports betting scheme.
Prosecutors allege the conduct occurred during the 2023 NBA season while Rozier played for the Charlotte Hornets. Court filings claim Rozier informed his childhood friend, Deniro Laster, that he planned to fake an injury and exit a game early.
Authorities say that information allowed bettors to anticipate limited playing time and place wagers accordingly.
According to prosecutors, Laster sold the information for $100,000 to a betting syndicate. Investigators allege gamblers placed substantial wagers on the under for Rozier statistical props, including points, rebounds, and assists. Prosecutors say the group earned hundreds of thousands of dollars as a result.
Rozier faces charges of conspiracy to commit wire fraud and money laundering. Each count carries potential penalties that could total up to 20 years in prison.
At a hearing in Brooklyn this week, prosecutors said plea discussions could begin for Rozier or any of five other individuals connected to the case. The court adjourned proceedings until March 3, 2026.
Rozier legal counsel said motions seeking dismissal of the charges will be filed. Meanwhile, the NBA placed Rozier under suspension, and he is not receiving scheduled installments from his $26.6 million contract.
The Rozier case sits alongside other betting related matters involving professional basketball figures. In a separate investigation, Portland Trail Blazers head coach Chauncey Billups and former NBA player Damon Jones were indicted in connection with an alleged rigged poker operation.
That case also includes several individuals described by prosecutors as members of the New York mob. Authorities continue to examine broader links between betting activity, organized crime, and professional sports.
The Florida property was used as collateral to meet a $3 million bond requirement set by the court.
Prosecutors allege he shared advance information about an early game exit that allowed bettors to wager on unders.
Laster is identified as a childhood friend who allegedly sold information to a betting syndicate.
Proceedings have been adjourned, with the next scheduled court date set for March 3, 2026.
No. The NBA has suspended Rozier, and salary payments are on hold.