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Agent "Zero" Takes Less Than Max Contract Offer to Remain w/Wizards

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  • Agent "Zero" Takes Less Than Max Contract Offer to Remain w/Wizards

    From ESPN.com

    Thursday, July 3, 2008
    Reports: Arenas agrees to six-year, $111M contract to help Wizards' future






    Associated Press


    WASHINGTON -- Gilbert Arenas is accepting less money from the Washington Wizards, invoking an attitude far, far removed from the world of his working-class fans.

    "What can I do for my family with $127 million that I can't do with $111 million?" he told The Washington Post.

    The unpredictable three-time All-Star point guard, in vintage Agent Zero fashion, told the Post and the Washington Times on Thursday that he has agreed to re-sign for $111 million over six years, considerably less than the maximum deal he said the Wizards offered him when the free agency period began on Tuesday.

    Arenas negotiated the deal from China, where is traveling as part of promotional tour for a shoe company, and did so without an agent.

    "I'm basically giving back $16 million," Arenas told the Washington Times.

    "This is in line with what I've been saying the whole time. You see players take max deals and they financially bind their teams. I don't wanna be one of those players and three years down the road your team is strapped and can't do anything about it."

    Arenas became a free agent after opting out of the final year of his six-year, $65 million contract at the end of last season. He initially said he was opting out to receive a max contract, but he later indicated he would be flexible in negotiations.


    Arenas also said that he would not re-sign unless the team retained two-time All-Star forward Antawn Jamison. The Wizards lived up to that part of the bargain Monday by giving Jamison a four-year, $50 million deal.

    Arenas has proven to be one of the most dynamic players in the NBA when healthy, but a major knee and an overzealous rehabilitation sidelined him for most of the last season. He had a first surgery on the knee in April 2007, tried to come back too soon and had a second operation in November. He missed 66 games before returning late in the season, but he had to shut himself down again during the first-round playoff series against Cleveland.

    Arenas has vowed to be more cautious about his rehab this time, and the state of his knee didn't appear to devalue his worth in talks with the Wizards.

    The Wizards cannot comment on talks with Arenas or announce the deal until a league-mandated moratorium expires next week.

    Arenas has averaged 22.8 points, 5.5 assists and 4.2 rebounds in his seven-season NBA career. He was known as much for his tantrums as for on-court play when he came to Washington from Golden State in 2003, but he began to display more maturity as he developed into a take-over-the-game player with a knack for hitting buzzer-beating shots. Although he still has his many quirks -- yelling "Hibachi!" after making a big shot is just one of many -- he has helped the Wizards became a playoff regular.

    Arenas' deal means the Wizards will have room to sign other players -- including free agent guard Roger Mason -- and still remain under the league's luxury tax.

    "It's a relief," Arenas told the Washington Times. "It was a burden at the same time. Your whole city is depending on you, wondering if you're going to make the right decision. I'm a franchise player and sometimes franchise players need to make franchise decisions."

    ------------------------------------------------------------------------

    Now, I ask was that nobility talking (text in bold) or was Agent Zero simply trying to make himself out to be the hero here? And if his words were genuine, who exact was he referring to? Remember, he and JO are close friends. AND of all the top players reported to have large player options in contracts headed into the '08/09 season, JO's the only one (I recall anyway) who hasn't opted out of his contract for the sake of "his team". Kinda makes Gilbert look like a saint, huh?

    Things that make you go, "Hmmmmm?".
    Last edited by NuffSaid; 07-04-2008, 10:59 AM.

  • #2
    Re: Agent "Zero" Takes Less Than Max Contract Offer to Remain w/Wizards

    Gil is a pretty genuine dude, I don't doubt for a second that he took less money for the right reasons. Props to him for still getting a sh*tload of money and yet allowing his team to pursue other pieces to make the team better in the long run and not be handicapped by his salary.

    $111,000,000 isn't too shabby either. I'd take it.

    Comment


    • #3
      Re: Agent "Zero" Takes Less Than Max Contract Offer to Remain w/Wizards

      You need to include the link to the article. Thanks.

      Comment


      • #4
        Re: Agent "Zero" Takes Less Than Max Contract Offer to Remain w/Wizards

        So, $2.6 mil per year is gonna make that big a deal when it comes
        to aquiring additional pieces to get them over the hump ? In today's
        NBA ? Right. Uh huh. Sure it will.

        Somehow I think that Mother Theresa's spot atop 'Altruism Mountain'
        is safe.

        Comment


        • #5
          Re: Agent "Zero" Takes Less Than Max Contract Offer to Remain w/Wizards

          I think you may be looking into that quote a little to much. I do not think it was a shot a JO, just GIl showing that he was doing the right thing for his team.

          Was he doing this for show? Maybe. But the team offered him the max then said its up to you to take less but we think it would help the team out in the long run. A pretty smart way to run negotiations and props to Gilbert for helping his team out.
          A players agent said the Wizards are clearly attempting to put the burden on Arenas to make a decision.

          "They're making it clear that, 'Hey, we love you, we want you here, we didn't lowball you, we made a big offer,' but at the same time, they're putting the onus on him to think about the direction of the franchise," said the agent, who spoke on condition of anonymity because he did want to be quoted speaking about a player who is not his client. "It's an interesting strategy and makes sense when you think about how he is. This way, he can still get way more from them than he can get anywhere else and he can say to the fans, 'Hey, I took less to help the team.' "
          Then again, 111M isn't all that shabby.

          Gilbert Arenas is accepting less money from the Washington Wizards, invoking an attitude far, far removed from the world of his working-class fans.

          "What can I do for my family with $127 million that I can't do with $111 million?" he told The Washington Post.
          http://www.washingtonpost.com/wp-dyn...070103222.html

          Comment


          • #6
            Re: Agent "Zero" Takes Less Than Max Contract Offer to Remain w/Wizards

            Originally posted by Hicks View Post
            You need to include the link to the article. Thanks.
            Done. Thanks for the reminder.

            One thing's for sure, Gilbert doesn't have to worry about not being able to feed his family.
            Last edited by NuffSaid; 07-04-2008, 11:09 AM.

            Comment


            • #7
              Re: Agent "Zero" Takes Less Than Max Contract Offer to Remain w/Wizards

              Thanks, NuffSaid.

              I'm not impressed with this "now my team has less than half of the MLE to spend each year!" stuff he's saying.

              Comment


              • #8
                Re: Agent "Zero" Takes Less Than Max Contract Offer to Remain w/Wizards

                Yeah, he's not really saving the Wiz tons of money. I think Brand and (to some extent) Baron Davis can be credited with some altruism. Gil could have taken 12 mil/year or something. That would have put the Wiz in a much better position. And with endorsements Gil gets, 12mil/year would not have been terrible.

                Comment


                • #9
                  Re: Agent "Zero" Takes Less Than Max Contract Offer to Remain w/Wizards

                  It's something atleast. There's enough other guys milking out their teams or teams interested in them to the last penny.

                  I think 12mln p/y is very unrealistic. I think 16.5mln is prob. what he should have taken if he wanted to really help his team out much. That would have been saving the Wizards about 4.6+mln p/y. Combine that with half to fully the amount they would have otherwise spend on the midlevel and they could definitely get a player that matters.

                  Still either way you cut it, and I'm not a fan of him, it's not something you see happenning too often, so I can respect him for that. 111mln is huge, but giving up on 16mln is still pretty big even if what you have left is still crazy money .

                  Regards,

                  Mourning
                  2012 PD ABA Fantasy Keeper League Champion, sports.ws

                  2011 PD ABA Fantasy Keeper League Champion, sports.ws

                  2006 PD ABA Fantasy League runner up, sports.ws

                  Comment


                  • #10
                    Re: Agent "Zero" Takes Less Than Max Contract Offer to Remain w/Wizards

                    I'm sure the Wizards told him what would be a helpful pay cut and what wouldn't. They must have thought that they would be able to do certain things with what they are saving and I imagine to convince Gilbert to do it, they told him what those things were.
                    "They could turn out to be only innocent mathematicians, I suppose," muttered Woevre's section officer, de Decker.

                    "'Only.'" Woevre was amused. "Someday you'll explain to me how that's possible. Seeing that, on the face of it, all mathematics leads, doesn't it, sooner or later, to some kind of human suffering."

                    Comment


                    • #11
                      Re: Agent "Zero" Takes Less Than Max Contract Offer to Remain w/Wizards

                      Originally posted by Mourning View Post
                      It's something atleast. There's enough other guys milking out their teams or teams interested in them to the last penny.

                      I think 12mln p/y is very unrealistic. I think 16.5mln is prob. what he should have taken if he wanted to really help his team out much. That would have been saving the Wizards about 4.6+mln p/y. Combine that with half to fully the amount they would have otherwise spend on the midlevel and they could definitely get a player that matters.

                      Still either way you cut it, and I'm not a fan of him, it's not something you see happenning too often, so I can respect him for that. 111mln is huge, but giving up on 16mln is still pretty big even if what you have left is still crazy money .

                      Regards,

                      Mourning
                      But, I mean, it's not like he opted out so that they could get him some significant help a la Brand. He opted out for himself and got a pay raise. Now, I love Gil as much as the next guy (he was in my avatar for a year for chrissakes) but let's not make this out to be some act of god. It's kind of refreshing, but astounding it is not.

                      Comment


                      • #12
                        Re: Agent "Zero" Takes Less Than Max Contract Offer to Remain w/Wizards

                        Originally posted by Rajah Brown View Post
                        So, $2.6 mil per year is gonna make that big a deal when it comes
                        to aquiring additional pieces to get them over the hump ? In today's
                        NBA ? Right. Uh huh. Sure it will.

                        Somehow I think that Mother Theresa's spot atop 'Altruism Mountain'
                        is safe.
                        It's a very nice gesture. He's basically giving back one year on the contract, which is a lot. But I do agree that I'm not sure how much an extra $2.6 mil each year is going to help the Wizards to make big moves.

                        Comment


                        • #13
                          Re: Agent "Zero" Takes Less Than Max Contract Offer to Remain w/Wizards

                          He probably split the difference with them. Which is better than
                          nothing. I've got nothing against Arenas. I actually like him alot.
                          He's a unique character and an interesting young guy.

                          The NBA is a funny business. The Wiz probably know full well that
                          they're never gonna win an NBA Title with A-Z leading them making
                          almost $20mil per year. And speaking off the record, they'd probably
                          say so. But if you aren't gonna win it anyway, you might as well fill
                          the seats, rake in the $$$ and keep the average fan happy.

                          Comment


                          • #14
                            Re: Agent "Zero" Takes Less Than Max Contract Offer to Remain w/Wizards

                            Originally posted by Rajah Brown View Post
                            He probably split the difference with them. Which is better than
                            nothing. I've got nothing against Arenas. I actually like him alot.
                            He's a unique character and an interesting young guy.

                            The NBA is a funny business. The Wiz probably know full well that
                            they're never gonna win an NBA Title with A-Z leading them making
                            almost $20mil per year. And speaking off the record, they'd probably
                            say so. But if you aren't gonna win it anyway, you might as well fill
                            the seats, rake in the $$$ and keep the average fan happy.
                            And that's really what it all comes down to.

                            For many owners, winning a title is secondary to putting butts in the seats. The Wizards would not give Gil that kind of money unless they were sure that his presence on the team would bring in enough fans spending money to exceed Gil's contract. If he never wins a title, but the Wizards make money, they still win. If he wins a title, that's just the icing on the cake.

                            Comment


                            • #15
                              Re: Agent "Zero" Takes Less Than Max Contract Offer to Remain w/Wizards

                              Now there's a man with integrity.

                              And some of you are absurd.
                              Read my Pacers blog:
                              8points9seconds.com

                              Follow my twitter:

                              @8pts9secs

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