Gilbert Arenas talked to VLAD TV about his career, as well as how he spent his entire first season salary of $845,000, and he also talked about how he was able to stay in the NBA.
We have grown accustomed to hearing stories about players going broke overspending on frivolous luxury items. Arenas spent his money before he played an NBA game. Arenas was selected with the second pick in the 2001 draft. Gilbert was expected to go in the first round. He had begun spending the millions he thought he would make as a first rounder.
Arenas, also known as Agent Zero, was able to make some decent coin playing in the NBA because he learned his lesson early on. Arenas signed a six-year deal with the Wizards in 2008. He bounced back from his slow start with the Warriors in many ways.
Gilbert had a $500 per month allowance during his first year in Golden State. It is difficult to live in the Bay Area on $500 a month. Arenas said he would sleep at the stadium sometimes because he couldn't afford the gas to drive back and forth from home to the arena.
An NBA player tells his story of almost being homeless while in the league. Hopefully, all current and future pro athletes will pay attention to stories like this so they can avoid the pitfalls that come along with fame and fortune at such a young age. Arenas was drafted from the University of Arizona at the age of 19. His story may help one of the next 19-year-old draft picks not spend too much money.
