The story with Gilbert
http://blog.washingtonpost.com/wizardsinsider/2007/06/the_story_with_gilbert.html
As I wrote in today's paper, Gilbert Arenas plans on opting out of the final year of his contract after next season so he can become a free agent. Arenas, who signed a six-year, $65 million deal in 2003, is set to pull in $11.9 million next season and would make $12.8 million in 2008-2009 if he played out his deal.
The Wiz have offered a maximum three-year extension worth around $50 million, and that would kick in at the conclusion of his current contract. But Arenas said it would be a wiser business decision to opt out because he will be eligible to sign a maximum six-year deal worth $90 million-$100 million next summer.
Here's the hook for worried Wiz fans: While saying that he's eager to play for a contender and wants the Wiz to make the right moves to get there, Gilbert also made it clear that his intention is to remain in Washington where his career has taken off. Also, the collective bargaining agreement states that the Wiz will be able to offer a six-year deal. Other teams will only be able to offer up to five.
Gilbert said that the combination of having a second child, experiencing the first serious injury of his basketball playing life and getting one year older contributed to his decision to wait and sign a long term deal next summer.
"At the end of the day, it just makes good business sense to opt out," he said yesterday from New Jersey, where he was participating in a Halo video game event. "This is not about basketball. It's about what's best for my future."
According to the folks I've spoken with, the Wiz are not at all surprised by the decision because they understand that Arenas stands to make more money by opting out and signing the longer deal. Now, the wild card will be how this upcoming season unfolds. Gilbert said he's "way above schedule" in rehabbing his left knee and will be back to his old self come October, but just how will he respond to that injury? What moves will Ernie Grunfeld make between now and training camp to beef this team up for a rapidly changing Eastern Conference?
As for the timing of the decision, I chalk that up to Gilbert being Gilbert. Seriously. The conversation started with one thing - yesterday's Hoops for the Homeless event that Gilbert attended with Magic Johnson - addressed the draft, touched on the Finals and wound into Gil's thoughts on the future. That's life covering Gilbert. From my experience with him, I don't see this as some sort of calculated maneuver to force the Wiz into making certain moves this summer. Then again, as I've stated often in the past, I'm always careful about reading too much into what Gilbert says on a given day. Gilbertology baby. You gotta love it.
I know some of you are ticked off that I'm down here in San Antonio covering the Finals instead of being in Washington on top of the pre-draft workouts, and I understand. Don't worry, I'll be back for more workouts this week and I'll do my best to get you the best draft info possible. My man Mike Lee has some family responsibilities going on this weekend so he couldn't go to Games 1 and 2, but he will take over in Cleveland so I can get back to Wiz biz.
The Wiz are working out the following players on Monday: Boston College F Jared Dudley, Villanova F Curtis Sumpter, North Carolina F Reyshawn Terry and Virginia State F Avis Wyatt. I got a good look at Dudley and Terry down in Orlando at the pre-draft camp two weeks back and was impressed by both. Dudley, who was a terrific player at BC, is somewhat of tweener. He's not really a small forward but at 6-7, 225, he's not a power forward either.
That said, he plays with a high energy level, has a nice mid-range shot and is a beast on the boards. Sort of reminds me of a taller Caron Butler in that regard. Terry was very active, particularly in gettting out and running the floor. He also shot the ball well from outside, which makes sense considering that he ranks third all-time on North Carolina's three-point list. I've seen Wyatt listed as a second-round pick on some mock drafts.
By Ivan Carter | June 10, 2007; 12:26 PM ET
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Posted by: T | June 10, 2007 02:02 PM
If he wants the Wizards to win a title, Gilbert might want to sign a little less than the max so the team has more flexibility.
Posted by: George Templeton | June 10, 2007 02:11 PM
I guess what is so surprising about this is that Gil said just last year he was willing to take a pay cut so the Wiz could bring in players to help them go all the way. But maybe getting hurt changed his attitude. Don't understand why he made the statement at this time, though.
Posted by: Lisa | June 10, 2007 03:16 PM
Re-signing your own players does not count the same against the salary cap as bringing in free agents or making trades. However much the Wiz pay Gilbert, it really won't affect their ability to sign other talent. In fact it will be easier to sign other marquee players if the Wiz retain Gilbert - who wants to play here without him? So relax.
Posted by: Capitalist | June 10, 2007 03:16 PM
Anyone got Jerry Buss' number?
Posted by: Dat2U | June 10, 2007 04:38 PM
Signing a max deal does inhibit a team from signing other highly paid players just ask Kobe or KG.
Posted by: Kevin | June 10, 2007 04:48 PM
Don't these stories get passed through an editor. There are quite a few errors in this one that make it harder to follow than it should be.
Posted by: Absent Editor? | June 10, 2007 05:36 PM
I kind of knew that Gilbert would opt out. I remeber reading an article somewhere in which Gil had said that he had land in VA and that if he was signed here for a length of time that he was going to build a home there. With that being said, he is pretty much doing as D-Wade and Lebron did, thus getting him a maximum contract in terms of money and guranteeing that he wuold be here for longer than 3 years. If he signs an extension it would only be good I think for 3 seasons and it is possible that he could be traded,by then he would be getting close to 30. So, I hear him. I don't take this as a sign that he wants to leave the Wizards, it's more a sign of him taking care of himself and I "ain't" mad at him.
Posted by: Wizfan4life | June 10, 2007 05:49 PM
$100 million over 6 years is a little more than what Antawn is making now, so it wouldn't kill our ability to sign free agents.
Posted by: juandixonformvp | June 10, 2007 06:30 PM
"If he wants the Wizards to win a title, Gilbert might want to sign a little less than the max so the team has more flexibility."
This is no surprise to me, the NBA is a business and I would expect him to do no less. I mean it's the same thing with Jamison. If someone will give him a long term contract then I don't see him being here next year. Thing is no one is going to give him 20 mil either.
This is my concern going back to the pre-season.....
Eddie Jordan.
What do you think will happen if the Wiz tank it again and he gets fired at the end of the year?
I can just see it coming now. Then the Wiz go into the 08-09 season re-building yet again. That's why they should have canned his a$$ this year.
Don't tell me you don't see it coming George. :)
- Ray
Posted by: Ray | June 10, 2007 06:30 PM
reason #1 he'll never sign in portland is the lack of limelight. portland is not primetime enough for your man, Gil
Posted by: ditka3000 | June 10, 2007 06:30 PM
The biggest limiting factor to how much money the Wizards have to acquire talent won't be Gilbert's future contract, but Abe Pollin's willingness to acquire and pay for championship talent.
Is Gilbert a 6-year, max contract player? For a couple of months this season it definately looked like it, but I think he'll need to show he can carry a team this upcoming season to seal the deal.
Remember when everyone thought Steve Francis was awesome? And Stephon Marbury was awsome? I want to see Arenas dominate this season.
Posted by: Wei | June 10, 2007 07:18 PM
Comments from Ernie Gunfield pertaining to Gilbert is that the Wizards organization seemed to expect Gilbert to opt out next season and they understand his decision. I got the impression that they were going to make him a franchise player if that is what he wants. This is what was said on Comcast sportsnet today.
Posted by: Gil | June 10, 2007 08:48 PM
Oh no Ray I expected it, I can't think there are too many people on here who didn't see it coming.
In light of his comments last year that Lisa referenced, it would be nice if he practiced what he preached and took a little less. Although if one of the other posters are right it looks like he can't because he wouldn't make that much more than he does now.
It just addds to the importance of this summer. This might be the last time for awhile that Wizards have the flexibility to really improve the roster (outside of MLE and the draft) and they need to make this one count.
Posted by: George Templeton | June 10, 2007 09:47 PM
The Wiz we be sold shortly and the new onwer(s) should expect to have a payroll of least 75 million for the Wiz to complete with the elite teams.
Posted by: Fredneck | June 10, 2007 10:02 PM
That's hilarious. Gilby said last season that he didn't want to sign a Kevin Garnett or Allen Iverson contract which ends up hamstringing the team where they won't be able to sign other free agents and win championships. Now, he's potentially reneging on his words by saying he'll opt out.
The funniest thing is that he said his injury, the birth of his second child, and being 1 year older really woke him up. I guess making 50 mill more over 3 years vs. making 100 mill over 6 years is the deciding factor on whether or not his grand kids will eat caviar or bread and water. It's like a page out of the Latrell Sprewell book. "My kids gotta eat!!!"
Don't get me wrong. If I were him, I'd do the same thing too, but I sure as heck wouldn't have fed the fans a bunch of bull about "not wanting a KG or AI contract b/c I want to win." I hope these recent actions or words of potential actions will wake people up to realize that a professional athlete is a professional athlete. The money is the bottom line for most of these people.
Posted by: DC Man88 | June 10, 2007 10:38 PM
Money is both line for most of us period! That would include DCWoman88 too.
Jordan has got to be thinking about moving Gilbert to the 2 guard position; and they will be drafting or offering a free agent contract to a point guard. I see Jared Jordan or an even higher selection.
EG has got to draft towards building a solid team, not making Gil happy...the objectives may be different for each
Posted by: | June 11, 2007 01:15 AM
As george stated, it's hardly a ssurprise that he'll opt out. Pretty much any player of similar age and status would do the same thing.
As for the whole idea that signing him to a max deal would prevent the Wiz from buliding a title team... nonsens. It's management's job to put together a winning club and to properly manage the team's finances under the rules of the salary cap and. The idea that signing a guy to max contract somehow inhibits a team from building a winner around him would come as a surprise to the Lakers, Spurs, and Heat.
Posted by: kalorama | June 11, 2007 02:12 AM
I love our star player..we really need to pay him more money right?
2 babies and a bruised knee and his life is flashing before his eyes? Or was it the thought of playing for Eddie Jordan again a bit too challenging?
Gosh, 26 yrs old and only make 12 million dollars a year. Have 2 kids, 10 cars, several homes all over the country - east coast/west coast. Could somebody plese help me...I'm destitute!! I've injured my knee at 26 yrs of age. What shall I do, where shall I go? My chauffered limo can't pick me up - to my next video signing. Who will pick up my latest tee shirts? Help me Lord!! I'm desperate and destitute.
hmmmmmmmmm
Ernie..get this team some help please. No more re-building again. At the end of the yr Eddie said those on the court in playoffs were an essentially new team..
Are we looking at same next yr. Say it ain't so.
Posted by: Brian | June 11, 2007 02:30 AM
I love our star player..we really need to pay him more money right?
2 babies and a bruised knee and his life is flashing before his eyes? Or was it the thought of playing for Eddie Jordan again a bit too challenging?
Gosh, 26 yrs old and only make 12 million dollars a year. Have 2 kids, 10 cars, several homes all over the country - east coast/west coast. Could somebody plese help me...I'm destitute!! I've injured my knee at 26 yrs of age. What shall I do, where shall I go? My chauffered limo can't pick me up - to my next video signing. Who will pick up my latest tee shirts? Help me Lord!! I'm desperate and destitute.
hmmmmmmmmm
Ernie..get this team some help please. No more re-building again. At the end of the yr Eddie said those on the court in playoffs were an essentially new team..
Are we looking at same next yr. Say it ain't so.
Posted by: Brian | June 11, 2007 02:30 AM

Taking all recent luck and franchise history into account, i sure hope i'm not reading about Gilbert signing a max deal in Portland to join Greg Oden to from some type of Shaq/Kobe combo. And if he stays, hopefully Gil getting paid doesn't ruin the teams chances of improving because of salary cap issues
Go, Wiz