It's Official: Wizards, Arenas Finalize Deal

Summary


The Washington Wizards officially signed three-time All-Star Gilbert Arenas to a six-year, $111 million contract Sunday.

Arenas agreed to the deal July 3 while still on his tour of Asia and Europe, but a few small details needed to be worked out before it could be finalized and signed. Wizards president Ernie Grunfeld and Arenas - who does not have an agent and represented himself in the negotiations - e-mailed back and forth for several days, ironing out the wrinkles.

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It's Official: Wizards, Arenas Finalize Deal

Arenas returned from his trip Saturday, and the terms were finaliz...

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