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

Top NBA Public Bets

NBA Top Stories

Thumbnail Tim Duncan retires The San Antonio Spurs lost their franchise player on Monday, as Tim Duncan elected to retire after an amazing 19-year...
Thumbnail Rockets give Harden an extension The Houston Rockets locked up their star player for years to come, announcing an extension with James Harden on...
Thumbnail OKC's title odds plummet without Durant Following the announcement that Kevin Durant will be signing with the Golden State Warriors, the Oklahoma City Thunder's NBA title...
Thumbnail Durant heading to Golden State The shoe finally dropped in the Kevin Durant sweepstakes, as he has elected to sign with the Golden State Warriors for next...
Thumbnail Warriors now 2/3 to win title with Durant The Golden State Warriors were already favored to win the 2017 NBA Finals championship, but their odds improved even more after...
More inNBA Articles  
Advertisement

NBA Team Pages

Advertisement