Gilbert Arenas is NOT going anywhere, signs with Wizards

That was a close call for the Wizards. Imagine if they lose Gilby and people will start dreading the day they drafted Kwame Brown again?

You read it, after all the speculations that Gilbert Arenas will be with another team before the 2008-09 NBA basketball season, the Washington Wizards came up with a whopping $111 million contract that will keep Agent Zero in Washington for at least six more years.

Yep, Gilbert Arenas was more than happy to agree. Although he was initially being offered with more money, $16 million more to be exact, Arenas agreed to stay with the Wizards and keep the chemistry of the team. He was initially offered up to $127 million by other teams.

''What can I do for my family with $127 million that I can't do with $111 million?'' Arenas, STILL a proud member of the Washington Wizards, said.

''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.''

Arenas agreeing to stay with the Wizards must have something to do with the team successfully signing Antawn Jamison back. He said that he won't re-sign with Washington if they fail to sign Jamison.

After Jamison agreed on the $50 million, four-year contract offered to him by the team, it was up to Arenas to live up to his part of the bargain.

I guess Arenas was a man of his word on this one eh?

''It's a relief,'' Arenas said. ''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.''

I'm not sure if sitting on the bench with an injury is part of Arenas' responsibility of making 'franchise decisions.'

Who will win the 2009 NBA Finals? Bodog sportsbook has the EARLY odds.

Boston Celtics 4.00

Los Angeles Lakers 4.50

Detroit Pistons 9.00

San Antonio Spurs 9.00

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Gilbert Arenas Washington Wizards