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Arenas Agrees to Take Around $16 Million Less

Gilbertology found this 7/4/2008 on blog.washingtonpost.com

One quote from Gilbert Arenas says it all: "What can I do for my family with $127 million that I can't do with $111 million?" Arenas told me a little while ago that he has agreed to a six-year, $111 million contract. The Wiz had offered the maximum level contract, one that would have paid him between $125 to $127 million over six years. Arenas said he is willing to take less in order...Please click on the title to continue reading this entry.