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
-
DTI students showcase innovative solutions at 2026 Capstone Projects Exhibition
46 seconds -
‘We let the athletes down’ – NSA boss on Ghana’s Commonwealth Games campaign
9 minutes -
Jinapor prioritises exploration, investment to reverse Ghana’s oil production decline
11 minutes -
Eric Tinkler highlights deep-rooted challenges at Asante Kotoko, admits club is aware
14 minutes -
Next 15 years of Petroleum Commission must focus on transformation – John Jinapor
15 minutes -
Bank of Ghana’s negative equity should not come as a surprise – Minority
16 minutes -
US$3.5bn fresh investment shows renewed confidence in Ghana’s oil sector – Jinapor
18 minutes -
Another centenary in Keta: Vodza RC School
36 minutes -
GES engages teacher unions over concerns about 2025 promotion dates
42 minutes -
Ghana must move from participation to ownership in petroleum sector – Jinapor
52 minutes -
Government moves to restore investor confidence as Ghana seeks to revive oil production
55 minutes -
Kingsley Agyemang calls for legally protected fund to tackle Africa’s flood risk
57 minutes -
Andre Ayew Backs Grassroots Sports as Ghana-Anhui Chamber Donates 2,120 Items for Constituency Games
1 hour -
Hostel Owners Association accuse Rent Control of threats, unfair treatment to operators
1 hour -
NSA opens special desk to resolve Ghana Card, school biodata mismatches
1 hour