NBA star paid millions not to play shows off toilet roll: a pile of cash
Since then, he's barely played. Injuries, a suspension for keeping unlicensed guns in his locker and outright bad form have meant that he's become basketball's answer to Winston Bogarde.
But whereas Bogarde collected just £2 million a year not playing for Chelsea, Arenas has collected over £10 million a year for barely touching a ball (at one point in 2011, the Orlando Magic 'waived' him, meaning that they carried on paying his salary but didn't have him on the roster so as not to have him count against the salary cap).
He's not played a single minute in the NBA in over two years, but remains one of the biggest-earners in the sport; the Orlando Magic apparently owe him £15m for 2013 alone.
Indeed, he commands the second-highest salary in the NBA according to Forbes, behind only Kobe Bryant.
Arenas was last seen playing a bit part in the Chinese basketball league - but to make sure that his fans don't forget him, he's shared a picture with the world showing what he uses as toilet paper.
It's a pile of $100 bills. Classy guy, eh? Why spend a penny when you can spend a few hundred quid, just because you can?
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