The 30th Highest-Paid Athlete In The World Hasn't Played A Game In Two Years
In fact, Arenas hasn't played for any team since April, 2012 and yet he is still the third highest-paid player in the NBA and the 30th highest-paid athlete in the world according to ESPN the Magazine.
The Magic used the NBA's Amnesty Provision to waive Arenas following the 2010-11 season. This move removed Arenas's salary from salary cap and luxury tax considerations.
However, the Magic were still responsible for the $62.4 million left on his contract.
Arenas struggled in his 49 games with the Magic, as he failed to regain his All-Star form after knee surgery. He also clashed with Magic coach Stan Van Gundy and made several offensive jokes on Twitter.
The 3-time All-Star only played 17 more games in his career after being cut by the Magic.