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Debate

Gilbert Arenas made millions—does his career justify those earnings, or was he overpaid?

Injuries and off-court issues cut short Gilbert Arenas’ career to 11 seasons in the NBA. But that didn’t stop him from grabbing the accolades he wanted. He even got cheated by his assistant who stole about $7 million from him. Despite all that, Arenas amassed a good fortune. While he achieved a lot of wealth through his business, the veteran earned a handsome amount from his NBA career too.

Throughout his 11 seasons in the league, Agent Zero played with 4 teams, Golden State Warriors, Wizards, Orlando Magic, and Memphis Grizzlies.

How much did Gilbert Arenas earn from his NBA career?

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After an impeccable career with the University of Arizona Basketball team, Arenas was drafted as the 31st pick by the Golden State Warriors. As per The Richest, he earned $332,817 in his first season in the league and amassed $1,357,435 more with the Golden State Warriors.

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Who cares about his earnings?

After clinching the NBA Most Improved Player Award in the 2002-2003 season, Agent Zero inked a 6-year deal with the Washington Wizards for $60 million. The 3x NBA All-Star saw the peak of his career in the 2005-2006 season. He ranked fourth in the list of scoring leaders averaging 29.3 points. The iconic matchup between Arenas and LeBron James‘ Cavaliers in the 2006 playoffs is still remembered by many. In a victory against the Lakers’ great Kobe Bryant, Arenas stole the spotlight dishing out a career-high 60 points to set a franchise record.

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Then again, in 2008, Arenas signed a $111 million deal with the Wizards. That was when the incident of firearms happened and he was suspended for the entire season. In 2010, he joined the Orlando Magic and played for 2 seasons before joining the Memphis Grizzlies. While Gilbert earned about $22 million during his time with the Magic, he made around $414,376 with his last NBA team.

Having played just 11 seasons in the league, Arenas amassed around an approximate $160 million. His net worth was further boosted by his endorsement deals.

Gilbert Arenas recalls losing millions to former assistant

The NBA legend had to go through a few legal issues. The 42-year-old once revealed that his former personal assistant had stolen $7 million from his account. In an interview with DJ Vlad, Arenas revealed that he had two accounts, a Bank of America account that received his NBA salary and another, the Play Money account from which he spent money.

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Whenever he needed money, Arenas asked his assistant to transfer funds from the BOA account to the other account. However, his assistant, John White, took out more money than Arenas asked for, without the player’s knowledge. Another controversial incident was when Arenas gave a fake diamond ring to his ex-girlfriend Laura Govan. Years later when Govan realized it, she sued the former Warriors star.

The rest of Arenas’ income was from his endorsement deals. Agent Zero signed consecutive $100 million deals with Adidas. Arenas had the Adidas Gil Zero and Adidas TS Lightswitch shoes brand.

After a brief experience with ESPN, Arenas began to explore his chances as a media personality. In  2023, he started the Gil’s Arena Podcast. The show also features Brandon Jennings, Kenyon Martin, Lexie Brown, and Rashad McCants. It’s safe to say that the former NBA player might still be adding some more to his net worth.

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Stay tuned for more such updates, and to follow what Shaq’s ex-agent, Leonard Armato, has to say about the infamous Shaq-Kobe feud, Caitlin Clark’s Olympic snub, and more, watch this video.