Blog Entry

Gilbert: What's next?

Posted on: January 27, 2010 10:38 pm
Just as Gilbert Arenas had little choice but to accept a season-long suspension from David Stern on Wednesday, the three-time All-Star will be a helpless bystander in negotiations that will determine his future in the NBA.

Wizards president Ernie Grunfeld said after the suspension was announced that the team wasn't ruling out any options, including termination of Arenas' contract, which has four years and $81 million left after this season. An attorney familiar with the negotiations that resulted in Arenas accepting the rest-of-the-season ban without appeal said it's understood among the parties that such a stiff penalty would just about rule out a successful attempt by the Wizards to void his deal.

"One of reasons the punishment was so severe is that the NBA recognizes that the Wizards probably won't be able to void the contract," the person said.

But Arenas feels abandoned by the Wizards, and particularly by Grunfeld, who orchestrated the decision to turn Arenas over to legal and NBA authorities on Dec. 24, the same day first reported that Arenas was the target of a firearms investigation. While some in the organization hold out hope that the relationships can be repaired -- a result that would make it easier for the Wizards to get fair value for him in a trade -- the fallout from this incident will be too much to overcome.

"How do you bring him back in that locker room?" the person familiar with the situation said. "And what's the next step? Is it a trade? You can't realistically expect to patch that up, no matter what anybody is saying. That relationship’s fractured."

As things stand now -- a little more than three weeks before the Feb. 18 trade deadline -- the Wizards will have to accept that they won't get fair value in an trade for Arenas. Short of a trade, the only solution to rid the Wizards of Arenas -- and vice versa -- would be a buyout reaching into the tens of millions. With the transfer of ownership from the family of the late Abe Pollin to prospective majority owner Ted Leonsis still up in the air, that's not a realistic option, either.

What happens to Arenas' salary? He will forfeit 1/110th of his $16.2 million base salary per game, a total of $7,065,634. According to a person familiar with CBA provisions for suspended players, the money typically is divided evenly between the NBA and players association charitable foundations. The league and union also could agree to let the Wizards keep the money, the source said. In either case, the Wizards get no break on their luxury tax bill.

Which somehow seems poetic. The Wizards haven't caught a break since they signed Arenas to the six-year, $111 million deal in the first place.

Category: NBA

Since: Dec 14, 2007
Posted on: January 28, 2010 3:18 pm

Gilbert: What's next?

Whats Next??? Getting Suspended from the league, and now waiting for his sentenced. Priceless

Since: Mar 28, 2008
Posted on: January 28, 2010 12:33 pm

Gilbert: What's next?

The suspension is without pay.

Since: Jan 26, 2010
Posted on: January 28, 2010 12:09 am

Gilbert: What's next?

I say he comes back with a vengence, gets traded, and ends up playing along side another superstar like dwyane Wade.  It doesn't matter where.   He's done in Wizard-land.  What a fantasic vacation, thou.  No work + millions of dollars from his "nba" salary, GUARANTEED!?  I expect to see Arenas in Vegas sippin on Gin and juice w/ Barkley!

Since: Sep 10, 2006
Posted on: January 27, 2010 11:30 pm

Gilbert: What's next?

Awkward. (sp?)

Since: Jun 4, 2008
Posted on: January 27, 2010 10:43 pm

Gilbert: What's next?

When he comes back, Jameer Nelson will be a Washington Wizard I think. I don't like it, but I have a bad feeling Otis wants him that bad.

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