Arenas Appreciation Thread: Contract officially ends today

[BadMofoPimp]

Though many likely won’t realize it, Monday will officially sever Arenas’s last real connection to the Wizards – even though the franchise washed its hands of “Agent Zero” long ago. That’s because the Orlando Magic, which acquired Arenas from the Wizards for Rashard Lewis back in 2010, will send one final check to the three-time All-Star guard, the final installment of the six-year, $111 million contract Arenas signed with the Wizards back in 2008.

https://www.washingtonpost.com/news/sports/wp/2016/10/30/as-his-titanic-contract-finally-ends-a-look-back-at-gilbert-arenass-wild-ride-in-washington/

Woot for Devos pockets!!!

[rcklsscognition]

Gilbert Arenas used some of his $111M contract extension cash to install this shark tank. Source: MouseOnHouse.com

[Xatticus]

This should be an appreciation thread.

[BadMofoPimp]

Well, Gilbert does have 4 children, but fortunately for him, all with the same woman he is currently married to. If he ever does get divorced, say goodbye fish tank and most of his money. Dwight will have many post career problems in contrast.

[woosah]

Devos be like

[in-limbo]

I expected the shark tank to be bigger.

[BadMofoPimp]

This should be an appreciation thread.

Great idea. Changing thread title now!

[fendilim]

http://www.worldstarhiphop.com/videos/video.php?v=wshhO239DfrOW4t38B3H

[Def Swami]

[EAS Law]

Oh dude F*** that guy. From the glimpse into his personal life that he puts up on social media, and his ramblings that I guess he thinks are intelligent, I really can't stand him.

[shadrock]

Damn Otis and his special relationship with this moron.

[Skin]

[drsd]

The stretched five years would have averaged a net paycheque of about $400,000 a month. Not bad for not playing ball.

[Nemesis21]

The stretched five years would have averaged a net paycheque of about $400,000 a month. Not bad for not playing ball.

It's almost like the Mets paying Bobby Bonilla 1.2 mill a year from 2011 until 2035. He retired 14 years ago.

[paperboymafia]

Meh. Glad he's off the books, nothing less, nothing more.

[Optimus_Steel]

What a waste. Thanks Otis!

Sent from my SM-N920V using RealGM mobile app

[MagicMadness]

Arenas' contract ending > Cubs WS drought ending

It's almost like the Mets paying Bobby Bonilla 1.2 mill a year from 2011 until 2035. He retired 14 years ago.

Wow...LOL

[Nemesis21]

Arenas' contract ending > Cubs WS drought ending

It's almost like the Mets paying Bobby Bonilla 1.2 mill a year from 2011 until 2035. He retired 14 years ago.

Wow...LOL

Yeah they wanted to release him, but he was still owed 5.9 mill. He and his agent came up with a deal and the Mets owner agreed.

The Mets have never really talked about the deal, but it is well known that their owners, the Wilpons, had many accounts with investor Bernie Madoff. Madoff was returning 12 to 15 percent a year in what we now know were fictional returns. So deferring deals wasn't a problem because the payout would occur years later and the interest rate would be lower than the money they were (fictionally) getting back from Madoff. To see the deal as the Mets would have seen it, let's say the Wilpons put $5.9 million into a Madoff account in 2000 and got a conservative (by Madoff standards) 10 percent annual return. By 2011, when they would have to pay Bonilla for the first time, they would have already grown their pot to $16.83 million. Even with paying off Bonilla every year, they would wind up with a $49 million profit on the deal. Of course, the Madoff returns weren't real, which complicates this hindsight.

From espn ^

[Optimus_Steel]

Arenas' contract ending > Cubs WS drought ending

It's almost like the Mets paying Bobby Bonilla 1.2 mill a year from 2011 until 2035. He retired 14 years ago.

Wow...LOL

Yeah they wanted to release him, but he was still owed 5.9 mill. He and his agent came up with a deal and the Mets owner agreed.

The Mets have never really talked about the deal, but it is well known that their owners, the Wilpons, had many accounts with investor Bernie Madoff. Madoff was returning 12 to 15 percent a year in what we now know were fictional returns. So deferring deals wasn't a problem because the payout would occur years later and the interest rate would be lower than the money they were (fictionally) getting back from Madoff. To see the deal as the Mets would have seen it, let's say the Wilpons put $5.9 million into a Madoff account in 2000 and got a conservative (by Madoff standards) 10 percent annual return. By 2011, when they would have to pay Bonilla for the first time, they would have already grown their pot to $16.83 million. Even with paying off Bonilla every year, they would wind up with a $49 million profit on the deal. Of course, the Madoff returns weren't real, which complicates this hindsight.

From espn ^

Wait what? Is this true?

Sent from my SM-N920V using RealGM mobile app

[Nemesis21]

Arenas' contract ending > Cubs WS drought ending




Wow...LOL

Yeah they wanted to release him, but he was still owed 5.9 mill. He and his agent came up with a deal and the Mets owner agreed.

The Mets have never really talked about the deal, but it is well known that their owners, the Wilpons, had many accounts with investor Bernie Madoff. Madoff was returning 12 to 15 percent a year in what we now know were fictional returns. So deferring deals wasn't a problem because the payout would occur years later and the interest rate would be lower than the money they were (fictionally) getting back from Madoff. To see the deal as the Mets would have seen it, let's say the Wilpons put $5.9 million into a Madoff account in 2000 and got a conservative (by Madoff standards) 10 percent annual return. By 2011, when they would have to pay Bonilla for the first time, they would have already grown their pot to $16.83 million. Even with paying off Bonilla every year, they would wind up with a $49 million profit on the deal. Of course, the Madoff returns weren't real, which complicates this hindsight.

From espn ^

Wait what? Is this true?

Sent from my SM-N920V using RealGM mobile app

Yes 100%, google Bonilla. It's in his wikipedia too.