Gilbert Arenas Will Be Broke Soon Enough

29 01 2011

At the time of his six year 111 million dollar guaranteed contract, Gilbert Arenas was an emerging superstar in the league, today he’s just stealing money.  Arenas prior to that contract had already completed a 6 year 67 million dollar contract, so it’s fair to say Arenas has made a lot of money.  It can’t last forever, the way he hemorrhages it.  The best way to find out how an athlete hemorrhages money is to find out in a court custody battle over children.

“There’s a lot about how Arenas spent his money, based on her understanding of the household finances: “he states he makes 1.5 million per month,” read the notes. Arenas lavished plenty on their Great Falls home, dropping $100,000 on landscaping, $5,000 a month for housekeepers, $675 “per car” washing, and $1 million for his backyard pool and grotto. His sharks are expensive: $5,000 a month to feed them and $1,500 for a keeper to drive from Columbus to take care of them.

He was extravagant when it came to toys for the children — ages 5, 4 and 2 — buying a $60,000 train set and an $8,000 toy Mercedes-Benz electric car, and dropping between $30,000 and $40,000 during a shopping spree at FAO Schwartz. (Arenas also told this story on the blog, but didn’t divulge the amount of money spent.)”

 

He spent more at FAO Schwartz than I make in a year.  Obviously when you make in upwards of 200 million dollars in a lifetime, you’re going to spend money lavishly.  But for fuck’s sake, 7,000 grand a month to maintain sharks? That’s 84,000 dollars a year my man, might not be the most sound financial investment.  I know it looks baller for the 5 times a year you have people over your house, but seriously? I get the house, the guns, the cars, taking care of your kids, but that much for sharks?  That’s the Mike Tyson school of finance Gilbert, might be time to make some financial investments.

Yahoo has the full story….http://sports.yahoo.com/nba/blog/ball_dont_lie/post/Gilbert-Arenas-spends-a-lot-of-money-to-maintain?urn=nba-313303

 

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