What is Malik Beasley's salary?

Last Modified Dec 1, 2023 10:05 GMT
Malik Beasley
Malik Beasley

Malik Beasley is a professional basketball player who currently plays shooting guard for the Milwaukee Bucks. He was drafted 19th overall by the Denver Nuggets in the 2016 NBA Draft after a successful college career with Florida State University. There, Beasley built a reputation as a sharpshooter, with a lethal three-point shot that could change the momentum of any game in an instant.

In Denver, Beasley spent three and a half seasons coming off the bench, establishing himself as a reliable scorer despite limited minutes. He averaged 7.4 points per game during his time with the Nuggets, knocking down three-pointers at a 38.2% clip. Though not a starter, Beasley played an integral role for Denver as an offensive spark plug who could provide instant offence when he entered games.

After being traded to the Minnesota Timberwolves in 2020, Beasley finally received the opportunity for more substantial playing time. His scoring averages climbed to 15.1 points per game during his three seasons in Minnesota as he became an important part of their rotation. Though the Timberwolves struggled as a team for much of his tenure there, Beasley emerged as one of their few bright spots with his much-improved scoring ability.

Minnesota ultimately decided to move on from Beasley in 2022, packaging him as part of a trade with the Utah Jazz for All-Star center Rudy Gobert. Beasley’s scoring prowess made him an attractive trade asset. His time in Utah wound up being very short, appearing in just 55 games and averaging 13.4 points before being waived at the end of the season as Utah looked to rebuild.

The Los Angeles Lakers, in search of backcourt depth and shooting, quickly traded in Beasley. He played 26 games for the struggling Lakers, providing an occasional scoring spark, before being included in a trade to the Milwaukee Bucks.

Now with the Milwaukee Bucks, Beasley seems to have found an ideal fit and role yet again as a second-unit bucket getter. Coming off the bench behind All-Star Jrue Holiday, Beasley has resumed the high-efficiency scoring role in which he has excelled throughout his career. Averaging 10.8 points in just 26.8 minutes per game, his scoring impact remains impressive along with reliable three-point shooting at nearly 37%.

Malik Beasley Salary

In February 2023, Malik Beasley signed a 1 year, $2.7 million contract with the Milwaukee Bucks. The full $2.7 million value of the deal is guaranteed, giving him financial stability for the remainder of the season.

For the 2023-24 NBA campaign, Beasley is earning a base salary of $2,709,849. However, due to prior salary cap manoeuvring, his current season cap hit for Milwaukee comes out to $2,019,706 - a savings of nearly $700k. This smaller cap figure gives the Bucks additional financial flexibility even as Beasley contributes on the court.

If the Bucks had to waive Beasley and stretch out the remaining money owed to him, his dead cap value would be $2,019,706. Stretching out salaries allows teams to spread cap hits over additional seasons.

While Beasley collects his full $2.7 million player salary, Milwaukee enjoys the benefit of only a $2 million cap hit. The contract represents a win-win for both parties, with Beasley getting fairly compensated and the Bucks gaining production at a reduced cost.

FAQs

A. The net worth of Malik Beasley is $51 million as of 2023.

A. Malik Beasley is 26 years old, as of November 2023.

A. Malik Beasley plays for the Milwaukee Bucks in the NBA.

A. Malik Beasley is set to earn $2 million for the 2023/24 season from his one-year contract with the Milwaukee Bucks

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