View Full Version : Gilbert Arenas spends a lot of money to maintain his sharks

01-27-2011, 04:19 PM
By Kelly Dwyer

It's necessary to point out, before we start pointing fingers and laughing, that the court battle between Gilbert Arenas(notes) and his former girlfriend is nothing to cackle over. There are children in the middle, and Gilbert's ex is trying to wrangle a settlement that is in the best interests of those children.

That said, wow. That's a lot of money you've spent, there, Gilbert Arenas. And even in the middle of a six-year, $111 million contract (that followed a six-year, nearly $64 million contract), there's absolutely no way Gilbert Arenas can keep up this lifestyle for much longer.

What lifestyle? According to court records obtained by the Washington Post, this lifestyle:

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.)
"His sharks are expensive." Whoa, boy.

There is some debate as to whether or not Arenas, currently shooting under 40 percent from the field in Orlando while playing on a surgically reconstructed left knee, will even be able to play beyond his current contract, which expires in 2014. So this is just about it for him, and it's not a stretch to say that Arenas (though that contract is easily the league's worst) will be traded a few more times before the deal is done.

So please, Gilbert, let's refrain from building a shark-filled grotto in Orlando. And maybe look into goldfish futures, back in the District of Columbia.

Also, do right by the woman who is raising your kids. And say "hi" to the sharks for me.


01-27-2011, 04:20 PM

01-27-2011, 04:23 PM
well, we all know in 10 years, the athlete that year identified as, "BANKRUPT", will be Gilbert Arenas.

What is with these athletes? Do they realize their careers are short compared to the rest of their lives?

01-27-2011, 04:34 PM
5,000 dollars a month for shark food?

the guy spends more money on his sharks' food a year than i make an entire freaking year

01-27-2011, 04:36 PM
I'd rather keep a tiger or lion, that'd be some cool ****

01-27-2011, 05:12 PM
Is he investing in anything?

01-27-2011, 05:13 PM
5,000 dollars a month for shark food?

the guy spends more money on his sharks' food a year than i make an entire freaking year

I dont make half that a month...after taxes.

01-27-2011, 05:17 PM
soon we'll have enough broke millionaires to make a reality show.

01-27-2011, 05:19 PM
hasn't this fool learned anything from history? uggh
but from an economic perspective, its good for the world that hes spreading his wealth around. not hoarding all that cash.

01-27-2011, 05:20 PM
Well, he makes a **** ton of money...unfortunately for us.

I know a lot of athletes don't understand how to preserve their money, but I don't think this is totally unreasonable for someone making like 80 million dollars these next four years. He'll have to be a hell of a lot more reckless than pay $70,000 a year on his sharks and house-keepers...and splurging on a pool.

Antoine Walker, probably the poster-child for this, lost a lot of his money gambling, fully supporting an entourage of allegedly 70 people, as well as literally buying every luxurious and extravagant item there is...even way more so than Gil. Even Tyson, who blew a gazillion too, was screwed by the people handling him, and spent a lot of it on gambling, drugs and his like 8 children and multiple baby-mommas.

But yeah, he obviously can't keep that up forever...but it's his money to lose I guess.

01-27-2011, 05:25 PM
I'm not worried about his kids.. if he goes broke he can ebay his $60,000 train set.

01-27-2011, 05:27 PM
I would like to be adopted by gilbert arenas.

01-27-2011, 05:29 PM
I would like to be adopted by gilbert arenas.

as a shark???