Earlier this year former NBA player Gilbert Arenas bragged about throwing $80k in singles to strippers back in his NBA days [click here if you missed that].
Now Gilbert wants to cut his kid's private school claiming he's running out of cash...
According to TMZ Gilbert just filed legal docs telling the judge his four kids with Laura Govan will have to be removed from private school beginning in 2017 because he will no longer be able to afford their $91k a year tuition writing,
"I anticipate that the children will need to transfer to public schools in 2017 and beyond."Gil claims after his NBA contract runs out this year he will only receive $170k a year in investment income.