
Terry Rozier forfeits millions over gambling scheme allegations
Terry Rozier forfeits millions over gambling scheme allegations
- Terry Rozier has been ruled to forfeit most of his $26.6 million salary due to a violation of his NBA contract.
- The ruling follows allegations of his involvement in a sports gambling scheme while playing for the Charlotte Hornets.
- The situation has left Rozier as a free agent, facing significant legal challenges that could impact his NBA career.
Story
In the United States, Terry Rozier, a professional basketball player, has been ruled to forfeit most of his $26.6 million salary for the 2025-26 NBA season due to a violation of his contract. This ruling came after Rozier was implicated in a sports gambling scheme while playing for the Charlotte Hornets. The arbitrator's decision was made in late May 2026, following a series of legal challenges and grievances filed by Rozier and the National Basketball Players Association regarding his contract status amid ongoing federal charges against him. Rozier has pleaded not guilty to the allegations, which include conspiracy to commit wire fraud and money laundering, stemming from an incident in March 2023 where he allegedly provided insider information to gamblers about his performance in a game. The legal proceedings have significantly impacted Rozier's ability to participate in the NBA, as he has been placed on a no-contact list with the Hornets and is facing travel restrictions due to the conditions of his pretrial release. His attorney has argued that these restrictions are unfairly punitive and could hinder Rozier's chances of securing a contract with another NBA team as free agency approaches. The situation has left Rozier in a precarious position, as he has not played during the 2025-26 season and is now a free agent. The case is set to return to court on June 10, 2026, where Rozier will be arraigned on additional charges, including sports bribery. The outcome of these legal battles will likely determine his future in professional basketball and the potential for him to return to the court.