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Miami Heat guard Terry Rozier, who was arrested in October as part of an FBI investigation into illegal sports betting, was released by the team on Friday.
Rozier, 32, had been away from the team since his arrest and was placed on leave by the NBA for his alleged involvement in illegal sports betting during his time with the Charlotte Hornets. His release was first reported by ESPN.
Rozier pleaded not guilty to charges of conspiracy to commit wire fraud and money laundering in December.
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Miami Heat guard Terry Rozier (2) watches during the second half of an NBA basketball game against the Washington Wizards, Sunday, March 31, 2024, in Washington. (AP Photo/Nick Wass, File)
During a 2023 game, Rozier played less than 10 minutes, citing a foot injury. Several people placed high bets on Rozier playing poorly before the game, and all of those people won their bets.
Rozier, who signed a four-year, $96.3 million contract extension in 2023, will have his contract off the books after the season. The $26.6 million he was supposed to earn this season has been placed in escrow while his case plays out.
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Charlotte Hornets guard Terry Rozier (3) looks to pass against the Boston Celtics during the second half at Spectrum Center. (Nell Redmond/USA Today Sports)
The Hornets traded Rozier to the Heat in January 2024, a trade that has come under scrutiny in light of the allegations. The Heat were unaware of the federal and NBA investigations into Rozier at the time of the trade.
After the allegations surfaced, the Hornets agreed to give the Heat a second-round pick in the upcoming draft.
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Miami Heat guard Terry Rozier (2) handles the ball during the second quarter against the Washington Wizards at Capital One Arena in Washington, District of Columbia, on March 31, 2025. (Reggie Hildred/Image Images)
For the Heat, Rozier’s reported release allows them to free up a roster spot heading into the playoffs.
The Heat, at 41-39, are currently in 10th place in the Eastern Conference and are set to make the Play-In Tournament, as the 11th-place Milwaukee Bucks are 31-49 and are nowhere near competing for the final spot.
