In 2008, the Washington Wizards pulled the trigger on arguably the worst contract in NBA history, agreeing to a six-year extension with star guard Gilbert Arenas worth $111 million.
In fact, Yahoo! Sports ranked the deal No. 1 in its list of the "NBA's Worst Contracts of the 21st Century" on Tuesday. And as fate would have it, TMZ managed to catch up with Arenas on the same day, to ask him what he thought about the dubious list.
"I'm number one? Of all time? Well, it could be...I'm not arguing that it's not," Arenas confessed.
He then went on to give a pretty candid response after that, claiming he got paid for what he did, not necessarily what he was going to do.
"What I did to get that contract was different from what I've done since I got that contract," he said.
Arenas averaged 27.3 points per game in the four seasons leading up to his massive contract extension. But injuries and suspension would limit him to just 47 games for the Wizards after signing the contract.
Now, Arenas is out of the NBA, and is involved with spending his time creating apps and investing his huge amount of money.