Terry Rozier pleads not guilty to federal gambling charges

Rozier was arraigned in court alongside a friend and alleged co-conspirator, Deniro Laster. Rozier was released on $3M bond secured using his Florida home, Vorkunov adds.

Rozier was arrested on Oct. 23 on charges of conspiracy to commit wire fraud and conspiracy to commit money laundering. Prosecutors allege the 31-year-old combo guard tipped off Laster that he would remove himself from a game in March 2023 when he was a member of the Hornets. The indictment states Laster then sold that information to two bettors for approximately $100K.

A former first-round pick (16th overall in the 2015 draft), Rozier is earning about $26.6M this season in the final year of his contract. Both he and Trail Blazers coach Chauncey Billups who was arrested in a separate but related case who was arrested in a separate but related illegal gambling case, were placed on immediate leave and aren’t being paid. Rozier’s withheld salary is in an interest-bearing account.

Word broke back in January that federal prosecutors in New York were investigating Rozier as part of a probe into illegal sports betting. Investigators were specifically looking at a game that took place on March 23, 2023.

Ahead of that game, one bettor reportedly placed 30 wagers in 46 minutes on the “unders” on Rozier-related prop bets at a casino in Biloxi, Mississippi, raising alarms about potential suspicious activity. At the same time, there was a rush on multiple sportsbooks in New Orleans of under bets on Rozier props. Sportsbooks and the NBA were alerted, and some books stopped taking bets related to Rozier’s performance that day.

After recording five points, four rebounds and two assists in 9:34 of action in the first quarter, Rozier exited the game during a timeout and didn’t return, citing a foot issue. All 30 of those “under” prop bets won as a result of the abbreviated outing, and Rozier didn’t play the final eight games of the 2022-23 season due to the injury.

A source tells Anthony Chiang of The Miami Herald that the Heat still hasn’t learned from the NBA whether or not they can use Rozier’s salary in a trade or potentially waive him before his salary becomes fully guaranteed in January; about $1.7M of Rozier’s salary this season is non-guaranteed. While that sum might seem fairly trivial compared to the overall figure, removing it from the team’s books would give Miami extra flexibility below the luxury tax threshold, Chiang writes.