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 Celtics improving Finals odds The Boston Celtics are showing signs that they want to be in the hunt to win the NBA Finals next season. Do oddsmakers feel the Celtics are...
Thumbnail Warriors re-sign Curry, Iguodala The Golden State Warriors are committed to keeping their championship team together. The team re-signed a number of players last week to improve their odds to...
Thumbnail Paul George joins the Thunder The Oklahoma City Thunderwon the Paul Georgesweepstakes last week. How has this impacted the team’s ability to win the NBA...
Thumbnail Rockets improve Finals odds After making a big splash this week, are the Houston Rockets making a push to win the 2018 NBA Finals?
Thumbnail Updated NBA Finals Odds After a busy week with the NBA Draft taking place, which team improved their odds to win the 2018 NBA Finals?

NBA Team Pages