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 http://articles.orlandosentinel.com/2011-12-09/sports/os-magic-gilbert-arenas-waived-amnesty-20111209_1_gilbert-arenas-amnesty-orlando-magic . http://www.washingtonpost.com/blogs/dc-sports-bog/post/the-tweets-id-have-fined-gilbert-arenas-for/2011/06/09/AGs0wANH_blog.html
The 3-time All-Star only played 17 more games in his career after being cut by the Magic.
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