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Old 06-12-2008, 01:04 AM   #1
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Join Date: Dec 2007
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Default Arenas OFFICIALLY a free agent

Old, but it needs to be here. He opted out on Friday.

Gilbert Arenas said he opted out of the final year of his contract with the Washington Wizards by filing the necessary paperwork with the league office Friday. The move makes Arenas, who was scheduled to earn $12.8 million next season, an unrestricted free agent.

Teams will be able to negotiate with free agents July 1.

Wizards President Ernie Grunfeld has repeatedly stated that the team plans to re-sign Arenas and all-star forward Antawn Jamison, who will also be an unrestricted free agent.

Arenas has said that he will seek a maximum-level long-term contract, one that could cover up to six years and be worth more than $120 million. However, Arenas has also said that he would be willing to take less if it helps the team retain Jamison and make other moves to improve.

According to a provision in his contract, Arenas had until June 20 to opt out but he elected to do so last week to "get it out of the way."

Arenas, who has undergone two surgeries on his left knee since April 2007, has been working out at Verizon Center in recent days and said he plans to be at full strength in time for the opening of training camp in October.

Arenas, who has not hired an agent and is representing himself, said yesterday that he does not have any visits scheduled with other teams, and he will be traveling in Asia and Europe from June 30 to July 15
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Old 06-12-2008, 05:18 PM   #2
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Default Re: Arenas OFFICIALLY a free agent

Ouch, losing an All-Star is never good for a team, unless in a trade... should have S&Ted
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Old 06-13-2008, 11:40 PM   #3
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Default Re: Arenas OFFICIALLY a free agent

wow, its now time to watch where he goes. itd be amazing to see in him cleveland, he'd be good for bron i think.but thats if they could get the right contract and whatnot
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