Archive for July 3rd, 2008

The AP reports: Lance Young, Paul’s agent, said Paul agreed Thursday to a three-year extension with a player’s option for a fourth year. The total value of the deal is $68 million.

The Washington Times (Mike Jones) reports: Wizards guard Gilbert Arenas has informed Wizards team president Ernie Grunfeld he will agree to a six-year deal worth $111 million, in his words, giving back roughly $16 million of the max, $127 million deal the team offered him Tuesday morning. “This is in line with what I’ve been saying the whole time,” Arenas said Thursday evening in a telephone conversation from China. “You see players take max deals and they financially bind their teams. I don’t wanna be one of those players and three years down the road your team is strapped and can’t do anything about it.”

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