Through the end of the 2014 season, the Orlando Magic were scheduled to pay Gilbert Arenas $62 million dollars for the version of basketball he currently plays. He'll still get just about all of that from the Magic most likely, but it won't be for playing. In a partnership that didn't really seem like it would work right up until it never did, the Orlando Magic have parted ways with Gilbert Arenas by way of the Amnesty Clause.
This according to an Orlando Sentinel report late Friday afternoon:
The Orlando Magic have announced that they have waived guard Gilbert Arenas and designated him as the franchise's amnesty player.
Using the amnesty clause means that Arenas' remaining salary will come of off the team's salary-cap and luxury-tax totals immediately.
Arenas, a close friend of General Manager Otis Smith's, was a major disappointment. Although he showed some flashes of the old form that made him a dangerous scorer, Arenas' left leg caused him signifi...