WASHINGTON: Gilbert Arenas has agreed for a deal with Washington Wizards for $111m which is considered as a less amount by his fans world wide. “What can I do for my family with $127 million that I can’t do with $111 million?” asks Arenas.

The three-time All-Star point guard, in vintage Agent Zero fashion, has at last revealed on Thursday that he has agreed to re-sign for $111 million over six years, which is considered as a less package deal than the maximum deal he said the Wizards offered him when the free agency period began on Tuesday. Gilbert Arenas had the negotiations in China where he is on travel as part of promotional tour for a shoe company.

“I’m basically giving back $16 million. 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,” tells Arenas.

Gilbert Arenas became a free agent after quitting out of the final year of his six-year contract worth $65 million. Arenas had declared not sign the deal until the two-time All-Star forward Antawn Jamison is included the team. The Wizards has decided to offer Jamison a four-year, $50 million deal.

Arenas, considered as the best and the most dynamic players in the NBA had to be sidelined due to a major knee injury for most of the last season. The injury caused him to miss 66 games before his come back late in the season. But he had to shut himself down again in the first-round playoff series against Cleveland.

The Wizards cannot bring disclose the deal talks until a league-mandated moratorium gets expired next week.

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