Rumors

Miami Heat guard Terry Rozier has cleared his obligations for the $8.2 million IRS lien placed on him in November 2023, according to a document filed in the Broward County courthouse earlier this fall. The IRS filed a certificate of release of a federal tax lien for Rozier on Oct. 29, 2025, that declared he had “satisfied” the $8,218,211.70 he owed the federal government. The filing was recorded with the Broward County, Fla., clerk on Nov. 20.

New York Times

Terry Rozier, the NBA player facing criminal sports betting charges, has resolved at least one other matter with the federal government: a multimillion-dollar tax lien. On Oct. 29, the IRS filed a certificate of release in Broward County (Fla.), where Rozier resides, confirming he satisfied the lien of $8.2 million, which was originally assessed in August 2023.

Sportico

Rozier’s attorney, Jim Trusty, told ESPN last month that Rozier only actually owed $9,000 on the $8 million-plus tax bill and that it had already been paid. “We just need the IRS to help remove the now-defunct lien,” Trusty said at the time. The attorney did not immediately respond to an email seeking comment from Sportico.

Sportico

The same year Miami Heat guard Terry Rozier was alleged to have manipulated his performance in an NBA game as part of gambling schemes, he was facing an $8 million tax lien from the Internal Revenue Service, according to county clerk records obtained by ESPN.

ESPN

The other five people charged are as follows: Israeli suspected organized crime figure Yevgeni Gershman, 49, Evgenni Tourevski, 48, Allan Austria, 52, Yarin Cohen, 27, and Ievgen Krachun, 43. Along with Arenas, those five were detained without incident by LAPD, Homeland Security, and the IRS. If convicted, the defendants face a statutory maximum sentence of five years in federal prison for each count. Arenas was arraigned on Wednesday afternoon after appearing in a Los Angeles court for the first time. Trial is scheduled for September 23.

Daily Mail

The former owners of the Memphis Grizzlies have come up short again in their attempt to claim a $10.7 million tax deduction for deferred compensation owed to Mike Conley and Zach Randolph. The U.S. Court of Appeals for the Seventh Circuit on Wednesday affirmed a ruling by the U.S. Tax Court to uphold an IRS disallowance of Hoops LP deduction claimed at the close of the 2012 tax year.

Sportico

Former New York Knick and Atlanta Hawks center Randolph Morris has failed to convince a federal judge to suppress statements he made during a FaceTime conversation with two IRS special agents while he was in China and they were in the kitchen of his Kentucky home. In a ruling Friday from the U.S. district court in Lexington, Kentucky, Chief Judge Danny Reeves denied Morris’ motion to suppress evidence gathered during the intercontinental conversation on Sept. 12, 2018. The main reason: It was Morris’s idea to use FaceTime, and he was free to end the call.

Sportico

Glimpses of the Clippers’ real-world financial results show the business has often been profitable. Those include audited financials disclosed in a Bank of America report just before Ballmer bought the team, as well as NBA records that were leaked after he became owner. But IRS records obtained by ProPublica show the Clippers have reported $700 million in losses for tax purposes in recent years. Not only does Ballmer not have to pay tax on any real-world Clippers profits, he can use the tax write-off to offset his other income.

ProPublica

Leaked NBA records during Ballmer’s tenure showed the Clippers in the black as recently as 2017. Audited financials disclosed in the Bank of America report just before the sale showed the team netting $14 million and $18 million in the two years before Ballmer took over, with projected growth in the future. Tax records for the pre-Ballmer era examined by ProPublica showed the team consistently making millions in profits. Forbes has also estimated the team generates millions in annual profits. Nevertheless, Ballmer reported staggering losses from the Clippers to the IRS. Those losses allowed him to reduce the taxes he owed on the billions he has reaped from Microsoft stock sales and dividends. Owning the Clippers cut his tax bill by about $140 million in just five years, according to a ProPublica analysis.

ProPublica

Ira Winderman: Reading Yahoo's wonderful coverage of the NCAA play-for-pay basketball payouts have to wonder about the IRS implications. Unlikely any of that money/income trail showed up on tax statements. Seems like there will have to be a lot of explaining to do on that end should IRS enter.

Twitter

Jerry Reinsdorf’s story is as unlikely as it is encouraging, a Horatio Alger journey. A kid growing up in a Brooklyn apartment building scratching around and working odd jobs. Find the 50 cents to get into a Knicks game or $1.25 to attend a Brooklyn Dodgers game, ride the subway there and usually end up walking home because he didn't have a nickel left. A man who not only went on to a rewarding career in business and astonishing life in sports, but whose path illuminated a handbook for life. “I think about where I came from; who could even have dreamt this?” asks Reinsdorf. “But success is a combination of a lot of things. It’s working hard, being honest, surrounding yourself with the right people, being lucky, getting help from people. It’s the thing I’ve always agreed with President Obama about: If you’re successful, you didn’t do it yourself. You had to have had help. My whole life I’ve had help and luck. “Just coming to Chicago,” Reinsdorf notes. “I got mad at George Washington (University) because they reneged on a job offer. That wasn’t a rational decision to pick up and come to Chicago. Then when I got out of law school, the IRS would not let me go back to New York because the rules were you couldn’t work in your home state. So I stayed in Chicago. Then there was the American League turning down Edward DeBartolo Sr. (who had the first offer to buy the White Sox), then the dinner with Steinbrenner.

NBA.com

In an email sent to Milwaukee players on Wednesday night, the franchise termed the issue as a “serious security incident” and took responsibility for an employee distributing 2015 IRS W-2 documents in an email scam in which team president Peter Feigin was impersonated, sources said. The W-2 information included names, addresses, Social Security numbers, compensation information and dates of birth. An unknown party requested the private documents on April 26, and the Bucks ultimately discovered on May 16 that the financial forms were sent to a spoof hacker, according to the email sent to players.

Yahoo! Sports

In the correspondence, the Bucks said they were notifying the IRS and FBI about the incident.

Yahoo! Sports

He left behind debt, more discovered every day as creditors hound his oldest son. The IRS wants money, and so do at least eight credit cards. The team, which found out about the financial issues after Rabedeaux died, is working to pay the family a $50,000 accidental death benefit, plus the remaining amount owed per his contract, but all of that will certainly be carved into pieces by his creditors. When all the lawyers and accountants are finished, Jason Rabedeaux will have coached 26 years, in five countries, for a total of $900 -- the amount in his money clip, which Eva found after he died and turned in to the team. He left behind a mystery. "Just to slip and fall and hit your head and you die," says former roommate Jonathan Jones. "That seems weird to me. That's not adding up." "Did he do stuff we didn't know about?" Garbelotto says. "Was he going to the middle of Saigon and getting hard drugs? Everything is in play."

ESPN.com