Gilbert Arenas said he opted out of the final year of his contract with the idea he would remain with the Washington Wizards. When NBA free agency officially opens at midnight tomorrow, Arenas will have an opportunity to show he was sincere. According to a league source familiar with the situation, Wizards President Ernie Grunfeld plans on soon offering Arenas a lucrative long-term contract, one that could cover up to six years and could be worth more than $100 million. However, whether Grunfeld and the Wizards are willing to meet the three-time all star guard’s wish for a maximum-level contract — one that would cover six years and pay him over $124 million — remains unclear.
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