Copyright CNBC

Miami Heat player Terry Rozier was arrested in Orlando, Florida, on Thursday morning as part of a sports betting investigation by federal authorities, a law enforcement official told CNBC. Portland Trail Blazers coach Chauncey Billups was also arrested in a gambling probe, the official said. Rozier, a 10-year NBA veteran, reportedly had been eyed for months over suspicious sports betting activity related to his play. The U.S. Attorney's Office in Brookyn, New York, and FBI Director Kash Patel are scheduled to hold a press conference on the cases Thursday morning.