Gilbert Arenas is on his way to join Tracy McGrady in China, according to sources close to the former All-Star.
Sources on Monday confirmed a Yahoo! Sports report that Arenas is on the verge of signing a one-year deal with the Guangdong Southern Tigers. Earlier this month, after a similar struggle to secure a guaranteed contract in the NBA, McGrady agreed to join the Qingdao Eagles.
ESPN.com reported late last month that Arenas had begun to assess his options in China for this season because he could not secure a guaranteed contract in the NBA.
While the Los Angeles Lakers were in Toronto on Sunday finishing off their six-game road trip, Lakers general manager Mitch Kupchak was holding a private workout for free agent guard Gilbert Arenas, according to multiple sources.
Arenas, who turned 30 last month, looked “slimmed down” and “explosive,” according to a source with knowledge of the workout.
The former three-time All-Star has averaged 21.2 points and 5.4 assists in his 10-year NBA career, but registered just 8.0 points on 34.4 percent shooting in 49 games with the Orlando Magic last season. Orlando waived Arenas via the NBA’s amnesty clause provision during the preseason, taking the $62 million owed to Arenas over the next three seasons off of its salary cap.
Rashard Lewis and Gilbert Arenas are two players that are often being mentioned under the provision of NBA’s new Amesty Clause. Below you will find a simple explanation as to what this new regimen entails.
- Each team is permitted to waive 1 player and have 100% of the player’s salary removed for Cap and Tax purposes
- Once a player is waived under the Amnesty Clause, they are placed in a modified waiver process available only to teams under the Salary Cap.
- Teams with room under the cap can then submit a claim on players by bidding to pay a portion of the player’s previous salary
- Once part of a player’s salary is claimed by a new team, the old team will continue to pay the remaining amount (though it won’t count against the Cap or Tax).
If there is an amnesty clause written into the NBA’s next CBA, the Magic will most likely use it to pay off Gilbert Arenas and part ways with the enigmatic, fading point guard.
It is an easy call to use this mulligan, given the three years and $62 million left on Arenas’ contract.
With the amnesty clause, a team that foolishly overpaid for a player can pay off said player and release him, with the money this time coming off the salary cap.
The NBA has fined Gilbert Arenas for comments made on his Twitter account, NBA spokesman Tim Frank confirmed to the Orlando Sentinel on Wednesday.
The league did not specify how much the fine was for or which specific comments violated league rules.
When informed of the fine, the Magic point guard took to – you guessed it – Twitter to express his frustration: “yesthe nba has fined me….for being to awesome..so i can give you the shoes for FREE but gotta charge you for the jokes… i cant believe i got fined..how do i explain this to the lady at the bank…this is gonna take another 40mins… or i could just write a check and if theres a lockout just cancel the check it and maybe they will forget…..i think that will work..”
Mike Bianchi of the Orlando Sentinel writes that the Orlando Magic may be forced to trade Jameer Nelson.
This might sound strange, but the Magic may have to trade one of their best players if they want to get better.
Sadly, trading Jameer may be the Magic’s best option for trying to improve a badly unbalanced roster.
Don’t get me wrong, this is not a knock on Nelson; I love the guy. This is actually a compliment to Nelson. This has nothing to do with him not being a valuable member of the Magic and everything to do with the fact that he is one of the few Magic players who might garner some interest from other teams. Let’s face it, the Magic do not need three point guards making as much money as Nelson, Gilbert Arenas and Chris Duhon are making.
Somebody seemingly has to go and Nelson is the only one with value.
The Orlando Magic capped a blockbuster day of wheeling and dealing by trading one franchise cornerstone for another, sending Rashard Lewis to the Washington Wizards for Gilbert Arenas on Saturday.
That trade followed news of a deal that sent Vince Carter to the Phoenix Suns in a six-player swap that returns Hedo Turkoglu to the Magic.
The Magic, losers of five of their last six games, also get Jason Richardson and Earl Clark from the Suns in exchange for Carter, Marcin Gortat, Mickael Pietrus, a 2011 first-round pick and cash considerations.
Sources indicate the Orlando Magic have been in contact with the Washington Wizards about acquiring Gilbert Arenas.
What Orlando would send Washington in return for the three-time All-Star is not clear. However, proposed deals have included shooting guard Vince Carter, Wizards big man Andray Blatche, Magic forward Rashard Lewis, and Magic center Daniel Orton.
Both teams have a mutual understanding of what the trade might include, sources say, but it is unclear what factors are holding up the trade.
What is clear around the league, however, is that Magic President of Basketball Operations Otis Smith has his eye on Arenas. If Orlando is to make a major trade this season, Arenas will likely be the target.