Free Agent Spotlight: Gilbert Arenas

July 1, 2008

Today is the first day teams can begin negotiations with their players and the word is that the Wizards are set to offer Gilbert Arenas $100 million over 6 years. Sounds like a lot of money (and, duh, it is), but Agent Zero had indicated he was looking for the max, which would be $124 million over that same period. No word yet on what Arenas plans to do, but considering he’s coming off an injury, it’s doubtful he’ll get a much better offer from another team.

Re-signing with Washington would be the easy thing to do. Arenas has said he wants to stay in DC and just wanted to “test the market”, but plenty a player have “tested the market” and found a better contract elsewhere. Arenas has stated repeatedly he will only come back if the Wizards also re-sign Antawn Jamison this off-season and they just did re-sign Jamison for four more years so the odds look good for Washington. “He said he’d take less money if they got me, and they got me,” Jamison said. “So I think everything will get worked out with Gilbert.”

The Lakers and Clippers have also been reportedly interested in Arenas at one time or another, but both situations don’t seem likely anymore. The Lakers would have to make some pretty big changes to make the money available for Arenas which they are unlikely to want to do considering they are coming off a Finals appearance. The Clippers, on the other hand, would want to work a sign-and-trade most likely involving Elton Brand, but now that the Wizards have re-signed Jamison, Washington is in a much better position to win in Gilbert’s eyes. Don’t hold your breath, LA fans.

Where do you think Agent Zero will wind up?

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