Gilbert Arenas Loses His Shoe Deal

Following his day in court today, adidas has kicked Gilbert to the curb. Ouch: “A rep for the company gave TMZ this statement: ‘In response to Gilbert Arenas’ guilty plea to felony charges, adidas has terminated its agreement with the athlete effective immediately.’ Arenas pled guilty to one felony count of carrying a pistol without a license. He is due to be sentenced in March.”