Gilbert Arenas on his Wizards contract

October 23, 2013

(Jonathan Newton/The Washington Post}

Gilbert Arenas was recently asked by TMZ whether his contract was the worst in NBA history. His response surely has Wizards executives choking on their Frosted Mini-Wheats.

“What I did to get the contract was different than what I’ve done since I got the contract,” Arenas said, accurately. “I got hurt before I got the contract and I still got rewarded. So it’s not like I tricked somebody. They knew I was hurt. I didn’t play that year; I played like [13] games the year before my contract and I got the contract anyway, because of what I DID. You get paid on what you did, not what you’re GONNA do. That’s what people don’t understand. You get paid on what you did.”

I mean, I don’t think that’s really how it works. But you probably knew that.

Arenas also says he now works as app maker, and that he helped bring Five Guys to California. The whole thing is amazing. Transcript:

TMZ: Hey bro, did you happen to catch the contract list that Yahoo put out a few weeks ago about the worst contracts of all time?

Arenas: Nuh-uh. I’m probably up there.

TMZ: Yeah, yeah. How does it make you feel when they put you at No. 1 worst contract of all time?

Arenas: I’m NUMBER ONE?

TMZ: Yeah, Yahoo put you at No. 1.

Arenas: Of all time?

TMZ: Yeah, worst contract. I think it was 6 years, $120 million.

Arenas: Six years, $111 [million]. The worst of all time?

TMZ: Or recent memory, I guess, I don’t know. [Note: it was actually of the 21st century.]

Arenas: Well, it could be. I’m not arguing that it’s not.

TMZ: But how’s it make you feel? Are you laughing to the bank?

Arenas: No. You’re trying to discredit what I DID. What I did to get it. I mean, what I did to get it: I was in that gym three times a day for six years that I was in Washington. So I worked. I put my hours in. I put probably more hours in than anybody besides a Kobe. Other than that, there was no one who was gonna log in more practice hours and gym hours than I did. So what I did to get the contract was different than what I’ve done since I got the contract. I got hurt before I got the contract and I still got rewarded. So it’s not like I tricked somebody. They knew I was hurt. I didn’t play that year; I played like [13] games the year before my contract and I got the contract anyway, because of what I DID. You get paid on what you did, not what you’re GONNA do. That’s what people don’t understand. You get paid on what you did. I got paid $100 because that’s what I did. I mean, but, WORST?

TMZ: So are they still paying off that six-year $111 million?

Arenas: Yes. Yeah. The NBA says I get 20-something this year? I stopped keeping track. I haven’t got paid $20 million a year in probably two years now….I’m still getting paid until 2016.

TMZ: Are you investing it? I want to see you save your money. Are you investing it? Are you trying to make wise decisions?

Arenas: Um. Put it like this: You remember when everybody was laughing at me when I built the pool and the shark tank? That was off the $65 million. I didn’t touch the $111. That was still off the first contract.

TMZ: So you’re good? You basically don’t have to work for the rest of your life? You’re good?

Arenas: Well, what I do now is work. I’ve created three apps. I can’t tell you because if I tell you and you don’t like me, you’re not gonna download them. I’m an app creator. I’m smarter than the average; I just act dumb. That’s what gets people’s attention; you act dumb, you get people’s attention….Yeah, I got three apps. If you like Five Guys burgers and you’re in California, I was one of the people who helped bring it here. I was one of the investors, so you’re welcome. I’m doing fine….I mean, I can spend every penny I have in the bank and I still have $38 million coming.

(Via @BulletsForever)

Dan Steinberg writes about all things D.C. sports at the D.C. Sports Bog.
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Dan Steinberg · October 23, 2013