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Former NBA star Gilbert Arenas isn’t shy when he reveals some of the nitty gritty details of how the league operates when called upon. Recently, the former Washington Wizards All-Star revealed the financial hardships of retired NBA players due to “hard billing”.
The three-time All-Star revealed that difficult bills, which include paying for homes and cars, supporting family members and paying for other real estate, have a lot to do with the reasons they struggle financially.
“When an NBA player retires, we’re just anybody who makes a lot of money and then it stops like that,” said Arenas.
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“Melo (Anthony) didn’t know when he was going to retire, they (the NBA) just said, ‘We don’t want you anymore. We can’t use your services.” So, now he has to make amends with his life. You’re talking about a guy who can walk into any mall, buy anything he wants anytime he wants because he makes a lot of money every year. And it would take him two years to really understand that he doesn’t You can do that anymore.
“Most NBA players who retire, their hard bills… are sitting at $100,000… $300, normal. a month. … ask Shaq how much he’s spending per month. If he doesn’t get ( ) a TNT job and he doesn’t have Those endorsements, will he stop spending $500,000 a month?”
The 6-foot-4 guard touched on the topic of former players in financial difficulty. Many retired NBA players are known to go bankrupt years after they finish playing due to lack of money management.
This is why there are former NBA stars out there looking for other opportunities to keep their needs going. Some become TV personalities, others invest in a lot of businesses and there are those who go into training. This is why current players seek financial advice so that they do not face any kind of financial problems in the future.
You may also be interested in reading this: Gilbert Arenas reveals the difficulties NBA players face after retirement: ‘We didn’t have a regular life’
Gilbert Arenas was happy that the rookie Wizards picked number 0
The Wizards used their first-round pick to recruit Bilal Coulibaly, the young young forward from France. During his transition from playing in the professional league, it was revealed that he chose to wear the number 0. It is known that the number has not been used by anyone in the Wizards organization since Gilbert Arenas.
Surprisingly, Agent Zero had nothing against him and was enthusiastic about the 18-year-old rookie.
“Tell him, do what he’s doing, little guy. Do a thank you, give him the positivity back,” said Arenas.
Washington will get off to a fresh start with a group of talented youngsters and a fresh rookie in the mix.
Also read: Gilbert Arenas Reveals What LeBron James Muttered During Infamous “Free Throw” Incident: “One Guy Just Owned Me”
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