Former Miami Heat point guard Terry Rozier has been ordered to surrender his entire $26.6 million salary for the 2025-26 season, according to a recent arbitrator's ruling — a forfeiture so large it stands shoulder to shoulder with some of the heaviest penalties in casino history.

The decision follows Rozier's arrest in November in connection with a federal gambling investigation. The arbitrator concluded that the terms of his release conflicted with his contractual obligations, and that the conflict triggered a full forfeiture of his salary.

A Penalty on Par With Casino-World Sanctions

The scale of the forfeiture invites comparison with the largest fines ever handed down in the casino industry — and it holds up.

For Scale: Landmark Casino Penalties

  • $130 million — Wynn Resorts forfeiture (2024) for enabling unlicensed money transfers to gamblers; the largest figure cited.
  • $35 million — Massachusetts gaming regulators' fine on Wynn Resorts (2019) over its handling of misconduct allegations against former owner Steve Wynn.
  • $20 million — an additional fine imposed by Nevada regulators.
  • $10 million — the personal penalty levied on Steve Wynn himself.

The Charges Against Rozier

Rozier's release had stipulated that he have no contact with former team personnel — a condition the arbitrator deemed incompatible with his contract. He now faces charges of sports bribery, honest services wire fraud, wire fraud, and money laundering.

Federal investigators allege that bettors paid Rozier $100,000 in exchange for advance notice that he intended to leave a March 2023 game early — information that could be used to wager against his on-court production.

Order of penalty and forfeiture against Terry Rozier in the sports betting probe

Part of a Wider Investigation

Rozier is not the only high-profile name caught up in the probe. The investigation has also implicated former NBA player Damon Jones and Hall of Famer Chauncey Billups, who face charges tied to “rigged poker games” said to involve organized-crime figures.

Jones is expected to plead guilty, according to reports. Rozier and Billups, for their part, continue to maintain not-guilty pleas.