"Rozier has been away from the team since being arrested on Oct. 23 as part of a federal investigation into illegal gambling. The trade that brought him to Miami in January 2024 from the Charlotte Hornets was under scrutiny over whether the Heat should have been made aware of NBA and federal investigations into an alleged gambling conspiracy before the swap was completed."
"Commissioner Adam Silver called it an "unprecedented situation" in a news conference at the NBA Cup in Las Vegas in December. Rozier has pleaded not guilty to conspiracy charges of wire fraud and money laundering. His $26.6 million salary is expiring this summer, though the money has been placed in escrow while Rozier's case plays out."
"Because Rozier's contract is expiring, he would have to be waived by 5 p.m. on April 9 to clear waivers before the end of the regular season on April 12."
Terry Rozier has been away from the Miami Heat since his October 23 arrest as part of a federal investigation into illegal gambling. The Heat acquired Rozier from the Charlotte Hornets in January 2024, but questions arose about whether Miami should have been informed of ongoing NBA and federal investigations before the trade. The Hornets sent Miami a second-round draft pick to resolve the dispute. Rozier has pleaded not guilty to wire fraud and money laundering conspiracy charges. His $26.6 million expiring contract is in escrow pending his case resolution. The Heat must waive him by April 9 to clear waivers before the April 12 regular season end.
Read at ESPN.com
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