1. Gilbert Arenas, Washington Wizards
Contract: Six years, $111 million
No matter how mediocre Joe Johnson is, his six-year deal will almost certainly be better than the one Gilbert Arenas signed with the Washington Wizards in 2008. Since signing the contract, Arenas has struggled with knee problems, set a franchise record for most turnovers in a game (12), brought guns to the locker room, was suspended by the NBA for 50 games, faked injury in a preseason game and was traded to Orlando, where he averaged a mere 8 PPG. It has been a spectacular fall from grace. —Johnny Goodtimes (AP Photo/Alan Diaz)
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