Gilbert Arenas on Getting $111M for 6-Year Wizards Deal, Got Paid to Sit at Home 5 Years (Part 4)
July 13, 2024
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3:14Now PlayingGilbert Arenas on Getting $111M for 6-Year Wizards Deal, Got Paid to Sit at Home 5 Years (Part 4)
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Former NBA star Gilbert Arenas delved into the surprising details of his six-year, $111 million contract with the Washington Wizards. Signed in 2008, the deal saw him spending the final five years off the court but still cashing in. Arenas explained that when he left the NBA in 2011, he still had three years remaining on his contract, yet continued to receive hefty paychecks until 2016. Addressing common misconceptions, Arenas emphasized that athletes don't set their paychecks - owners do. Interestingly, Arenas opted for $111 million over a $127 million offer, leaving $16 million on the table to enable team improvements. He cited it as one of the largest pay cuts in NBA history for the same franchise, showing his commitment to team success despite his eventual hiatus.
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