In late December, Gilbert Arenas wore the Nike Air Max Penny 1, Penny Hardaway’s first signature shoe with Nike. Yesterday night, Gilbert continued his 2010-11 sneaker romp with the Nike Air Penny II in the White/Varsity Royal-Black colorway. If Gilbert has plans to roll out his Nike Pennys in chronological order, we should expect the next Air Penny shoe to be the Nike Air Foamposite One in the Royal Blue colorway. The Foamposite One wasn’t officially part of the Nike Air Penny line, but it’s still the shoe that is most attributed to Hardaway; it was released between the Nike Air Penny II and III and completely revolutionized basketball sneaker construction and design. Check out Gilbert’s kicks below and stay tuned to Sneaker News for a full NBA Feet Recap from last night. via ESPN.