Audio By Carbonatix
The Orlando Magic will pay Gilbert Arenas $22.3 million this season even though he has not played for them since the 2010-11 season.
In fact, Arenas hasn't played for any team since April, 2012 and yet he is still the third highest-paid player in the NBA and the 30th highest-paid athlete in the world according to ESPN the Magazine.
The Magic used the NBA's Amnesty Provision to waive Arenas following the 2010-11 season. This move removed Arenas's salary from salary cap and luxury tax considerations.
However, the Magic were still responsible for the $62.4 million left on his contract.
Arenas struggled in his 49 games with the Magic, as he failed to regain his All-Star form after knee surgery. He also clashed with Magic coach Stan Van Gundy and made several offensive jokes on Twitter.
The 3-time All-Star only played 17 more games in his career after being cut by the Magic.
Latest Stories
-
President Mahama has done considerably well looking at what he inherited – Joyce Bawah
1 minute -
Lenscape 2025 launches to elevate Ghanaian photographers and visual storytelling
6 minutes -
Egg Glut Relief: Poultry farmers set up with lower prices at Joy FM X’mas Egg Market
10 minutes -
KATH CEO pushes for swift completion of stalled maternity block to ease hospital pressure
13 minutes -
Jerry Ahmed Shaib questions betting tax link in Sports Fund Bill
52 minutes -
Mariam Eliasu launches Porter Path, turning street survival into hope and action
1 hour -
Police arrest suspect over illegal mining at Kwabeng Anglican SHTS
1 hour -
The Entrepreneurial Agenda: Building readiness to empower MSMEs beyond access to finance
1 hour -
‘Prime Morning’ heads to Ada for festive Christmas with Camp Tsatse
2 hours -
True love, understanding and forgiveness sustain my marriage – Celestine Donkor
2 hours -
Today’s Front pages : Tuesday, December 19, 2025
2 hours -
Why you should not miss Joy FM’s 2025 Family Party in the Park
2 hours -
NSA boss Ruth Dela Seddoh vows to end ghost names, save public funds
2 hours -
Government secures 40,000 acres in Yeji for Agro-Industrial Expansion
3 hours -
Election security team engages NPP ahead of January 2026 presidential primaries
3 hours
