{"id":1484542,"date":"2022-02-27T20:46:09","date_gmt":"2022-02-28T01:46:09","guid":{"rendered":"https:\/\/sports7.us\/?p=1484542"},"modified":"2022-02-27T20:46:10","modified_gmt":"2022-02-28T01:46:10","slug":"gilbert-arenas-2-million-party-40-million-shoe-deal","status":"publish","type":"post","link":"https:\/\/sports7.us\/news\/gilbert-arenas-2-million-party-40-million-shoe-deal\/","title":{"rendered":"Gilbert Arenas Threw a $2 Million Party and Turned It Into a $40 Million Shoe Deal"},"content":{"rendered":"\n

Gilbert Arenas was an expert in two areas during his NBA career: getting buckets and spending his money<\/a>. The three-time All-Star spent the entire amount of his rookie contract before even getting drafted, and at one point he was paying $80,000 per year on his pet sharks.<\/p>\n\n\n\n

Arenas enjoyed the fame and fortune of the NBA maybe a bit too much, but it paid off in a big way when spent $2 million on a party that directly led to his $40 million shoe deal with Adidas.<\/p>\n\n\n\n

Gilbert Arenas spent $2 million on a party with one goal in mind<\/h2>\n\n\n\n
\"Gilbert
Former Washington Wizards guard Gilbert Arenas reacts to a foul call against the New York Knicks | Chris McGrath\/Getty Images<\/figcaption><\/figure>\n\n\n\n

After Arenas notched his first two All-Star Game appearances in 2005 and 2006, he started angling for a multi-million-dollar shoe deal with Adidas. The company wanted to offer Arenas a $500,000 contract, but he thought he was worth at least $2 million. Adidas told him the only way he was getting his asking price was if he started in an All-Star Game.<\/p>\n\n\n\n

So, Arenas came up with a brilliant idea. He was going to throw a massive party and have everyone in attendance fill out All-Star ballots with his name on them.<\/p>\n\n\n\n

Arenas recruited Diddy, Lil Wayne, T.I., The Game, Busta Rhymes, and more to perform during the bash, and he paid to fly in dozens of celebrities from around the country. <\/p>\n\n\n\n

“I spent about $1.5 or $2 (million),” Arenas said on a recent episode of his The No Chill With Gilbert Arenas<\/a><\/em> podcast. “Because with the hotels and the flights, flying everybody here, and I spent 10 minutes in the party.”<\/p>\n\n\n\n

Arenas spent the entire party making sure his big-shot guests were happy, so he didn't even get to enjoy it. But his plan worked. Overnight, Arenas overtook Vince Carter in All-Star votes thanks to his ballot scheme.<\/p>\n\n\n\n

Arenas' brilliant plan earned him a $40 million shoe deal<\/h2>\n\n\n\n
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