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News » Wizards' Arenas opts out of final year of contract 2008-06-10


Wizards' Arenas opts out of final year of contract 2008-06-10


Wizards' Arenas opts out of final year of contract 2008-06-10
WASHINGTON (AP) - Gilbert Arenas lived up to his word and opted out of the final year of his contract, the Washington Wizards said Monday.

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The move had been long expected. Arenas has repeatedly said he would forgo the final year of his six-year, $65 million deal so that he could re-sign with the team for an even larger amount.

Arenas can begin negotiating with any team on July 1. While he has expressed a desire to remain with the Wizards, he has also said he won't return unless the team also re-signs Antawn Jamison, who is also set to become a free agent.

Wizards president Ernie Grunfeld has said he wants to re-sign both Arenas and Jamison.

Arenas, a three-time All-Star, missed most of last season after two operations on his left knee. He has averaged 22.8 points, 5.5 assists and 4.2 rebounds in his seven-season NBA career.


Author: Fox Sports
Author's Website: http://www.foxsports.com
Added: June 10, 2008

 

 
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