If you don’t know by now, Gilbert Arenas is one of the great mysteries of the NBA. The once-feared point guard is no longer in the league and is now playing in China for the Shanghai Sharks. You might be wondering why he’s not trying to get back into the league and it might have something to do with the incredible amount of money he is still making in the NBA. Wait, what?
Yes, Arenas’ contract might be the worst in NBA history and it’s pretty clear as to why. He’s set to make over $20 million this season and it’s all because of the six-year, $111 million extension that the former NBA All-Star signed with the Washington Wizards in 2008. He was one of the league’s best point guards at that point in time and “Agent Zero” slowly regressed after signing the extension, averaging over 13 points per game in just two of the five seasons and playing a grand total of 121 games in those five years.
For a guy who was considered one of the best players in the league, the contract extension didn’t seem like a bad idea at the time, and then injuries and poor play overcame Arenas. He was traded to the Orlando Magic in 2010-11 and then one year later, he made his home in Tennessee with the Memphis Grizzlies.
Now that he is still earning paychecks from the NBA, his contract is considered the worst in NBA history. When asked if he agreed with that, he said:
“I’m number one? Of all time? Well, it could be. I’m not arguing that it’s not.”
He went on to say what he did prior to signing the contract deserved the extension, but after earning the money, he didn’t do much to prove he deserved to keep earning the high amount of cash.
Even Arenas thinks Arenas’ contract was terrible.