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Adidas has wasted no time — they’ve decided to cut ties with Gilbert Arenas following his guilty plea today.
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

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