Arenas says he'll opt out of deal after 2007-08 season

Arenas says he'll opt out of deal after 2007-08 season

Arenas says he'll opt out of deal after 2007-08 season
ESPN.com

If the Wizards hope to keep Gilbert Arenas past next season, they'll have to ante up.

Washington's outspoken star told two Washington-area newspapers that he plans to opt out of his contract after next season. Under the Collective Bargaining Agreement, Arenas can sign a more lucrative extension if he were to opt out of the six-year, $65 million contract that he signed in 2003 than if he simply added years to the existing deal.

"To me, it's just a smarter business decision to play next season, opt out and then be able to sign a long-term deal that is going to keep me in one place," Arenas said, according to The Washington Post.

Arenas said that he will act as his own agent, and at least at this point, he's not seeking to leave the Wizards.

"I'm not looking at anything else. It's just business. If something happens where they don't want me or they're going in a different direction, I can look elsewhere. But my intentions are not to leave," Arenas said, according to The Post.

However, he told The Washington Times that he will gauge other teams' interest.

"I'm going to opt out and consider some other teams next year," Arenas told The Times. "I want to test the market and test my value."

The Wizards said Sunday they are committed to keeping Arenas.

"As a three-time All-Star and one of the league's best players, we understand why a player of his stature would like to be compensated accordingly," Wizards president of basketball operations Ernie Grunfeld said in a statement.

"Gilbert has made a significant impact with his exploits on the court and a sincere connection with our fans and our community because of his compassion and generosity. Gilbert has said that his intention is to remain with our organization and we are committed to having him spend his entire career as a Washington Wizard."

Arenas finished third in the league in scoring this season, averaging 28.4 points, and helped the Wizards reach the playoffs for the third straight year. But he missed the postseason after having knee surgery April 5.

He scored 30 or more points in 35 games and 50 or more points in three, including a franchise-record 60 against the Los Angeles Lakers in December.

mvbski
useravatar
Offline
43759 Posts
Administrator has disabled public posting

Board Info

Board Stats:
 
Total Topics:
45860
Total Polls:
2
Total Posts:
290250
Average Posts Per Hour:
4.6
User Info:
 
Total Users:
3756
Newest User:
dwight brown
Members Online:
0
Guests Online:
2144

Online: 
There are no members online

Forum Legend:

 Topic
 New
 Locked
 Sticky
 Active
 New/Locked
 Sticky/Locked

Privacy Policy | Terms of Service | Contact Us | Advertising | 888-99-SPREAD

THIS IS NOT A GAMBLING SITE – If you think you have a gambling problem click here.

Disclaimer: This site is for informational and entertainment purposes only. Individual users are responsible for the laws regarding accessing gambling information from their jurisdictions. Many countries around the world prohibit gambling, please check the laws in your location. Any use of this information that may violate any federal, state, local or international law is strictly prohibited.

Copyright: The information contained on TheSpread.com website is protected by international copyright and may not be reproduced, or redistributed in any way without expressed written consent.

About: TheSpread.com is the largest sports betting news site in the United States. We provide point spread news, odds, statistics and information to over 199 countries around the world each year. Our coverage includes all North American College and Professional Sports as well as entertainment, political and proposition wagering news.

©1999-2013 TheSpread.com