Just hours after Gilbert Arenas entered his guilty plea for one felony count of gun possession in Washington D.C. Superior Court, adidas terminated its endorsement contract with Agent Zero. While last week the global athletic manufacturing company and official NBA athletic apparel partner maintained that it was "evaluating our relationship with Gilbert Arenas based on his recent conduct and subsequent suspension from the NBA," according to adidas spokeswoman Lyn Famiglietti, the brand wasted little time in voiding their existing contract with Gilbert once he owned up to his actions and pled guilty.
The official statement released by adidas was concise and clearly worded, but for Gilbert, it means an end to the 8 year, $40 Million agreement he originally signed in 2003, and a loss of a guaranteed $10 Million he would've seen over the next two seasons. According to some sources within the company, there may have also been a "Minimum Games Played" clause that Gilbert failed to live up to over the past two seasons, putting the overall worth of the contract at an even lesser value. Should the Washington Wizards void his NBA contract, he'll lose out on the remaining $78 Million he would've been owed over the next four seasons.
Putting an end to the once successful chapter of Gilbert Arenas' time with adidas Basketball, which brought us a great first signature shoe in the Gil Zero, adidas released the following statement: "In response to Gilbert Arenas' guilty plea to felony charges, adidas has terminated its agreement with the athlete effective immediately." Consequently, adidas Basketball removed nearly all images of Gilbert Arenas from their website. He's now noticeably missing from the "Athletes" listing.
However, the TS Cut Creator Low in Gilbert's Black/White/Sandstorm colorway is still available, featuring his signature along the heel of the shoe:
And lastly, under 'Related Product' above, you'll notice a Gilbert Arenas jersey, which actually now leads you to an Antawn Jamison jersey. Gilbert's once-popular #0 uniform is also no longer sold at the Verizon Center or on NBA.com.