For Gilbert Arenas (and his children), all good things must come to an end. With the final installment of his lucrative $111 million contract coming on October 31, Arenas plans on making several cuts in spending, which includes taking his kids out of private school, according to TMZ Sports.
With the NBA checks no longer coming in, TMZ Sports is reporting that Arenas will be living off $169,895 in investment income every year, and as a result, his kids cannot continue to attend a private school, which costs $91,600 per year. "I anticipate that the children will need to transfer to public schools in 2017 and beyond," Arenas said.
Welp, you had a good run, Gil.