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Gilbert Leaves $16M On The Table

Washington Times reports:

Washington Wizards All-Star point guard Gilbert Arenas informed team president Ernie Grunfeld that he will re-sign with the team, agreeing to a six-year deal worth $111 million. Arenas, who is in China doing a promotional tour with Adidas, had received a max contract offer from the Wizards worth $127 million over six years just after midnight on Tuesday.  

"[The Wizards] offered me the max, and I'm basically giving back $16 million," Arenas said. "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."

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It’s funny to think that someone now making 18.5 mill dollars a year is “giving back” for the team’s future, but I guess 16 mill is a lot to leave on the table. Good for Arenas, but I am not sure how much this will help the Wizards, financially, in the future with big deals for Arenas and Jamison this offseason

by jambr380 on Jul 3, 2008 8:21 PM EDT reply actions  

Well, they idea is not really that it helps the team by getting them under the cap. It helps the team in that range between the cap and the luxury tax, it should help quite a bit in that regard.

by BudweiserCeltic on Jul 3, 2008 8:23 PM EDT reply actions  

You mean… Gilbert ONLY took $111 million? What a hero. What a bargain!

… puke.

by CelticBalla32 on Jul 3, 2008 8:43 PM EDT reply actions  

Puke? That’s a little extreme.

I know there a lot of Gilbert haters out there, and I’m not his biggest fan.

In this instance, I applaud him. $16 mill is $16 mill. It’s really rare that a player leaves money on the table. It’s a good gesture towards the ownership, as well as the fans.

by blazingarrow on Jul 3, 2008 9:01 PM EDT reply actions  

Over a 6-year contract, 16 million constitute 2.6 million per season; effectively 5.2 per, if the team is in the luxury tax. That’s close to the cost of Sam Cassell, PJ Brown and Eddie House, taken together. Not an insignificant amount at all.

by kozlodoev on Jul 3, 2008 9:35 PM EDT reply actions  

I’ll concur that puke is a tad extreme in this instance. Name one NBA player that has turned down potentially that much; I’m not aware of one.

No, this doesn’t make him a saint, or a candidate for a Nobel Peace Prize or whatnot. But it does say a bit about his concerns and loyalty for the Wizards and his role with it.

by GLS on Jul 3, 2008 9:37 PM EDT reply actions  

Sure leaving the team $16M to use on FAs is a good deal and all, but Gilbert comes off as “Please write something nice about me…” when he tells people about it.

by Robb @ CelticsBlog on Jul 3, 2008 11:08 PM EDT reply actions  

Gilbert Arenas is the most laughable player in the league. Does he think accepting $111 MIL instead of $127 MIL, all of a sudden, makes him a philanthropist?

This guy’s agenda is all about catering to this “image” of being a lovable figure, while also concurrently thoughtful and deep. I hate people who put on a mirage, and try to pass off the notion that it is a reflection of their genuine selves.

Frankly, he is nothing but a media creation. And he is an OVERRATED basketball player, which is the most important factor to look at when you are left to determine whether this contract by its size, is just.

Truthfully, he was overrated before the injuries. And now that we’ve seen a glimpse or two of Arenas after being out for periods of time, he has been rendered ineffective. The mere fact that the Wizards are about the same record wise and winning percentage wise without Gil as they are with him illustrates his overratedness terrifically. One could even argue that the Wiz play better defense as a team with no Gilbert Arenas in the lineup. He is what he is; a poor man’s Allen Iverson.

Good luck with this guy on your payroll for the next 6 years, Washington.

by TradeProposalDude on Jul 3, 2008 11:18 PM EDT reply actions  


 Gilbert Arenas is the most laughable player in the league. Does he think accepting $111 MIL instead of $127 MIL, all of a sudden, makes him a philanthropist?
[/i]

Please point out exactly where he refers to himself as being a humanitarian or philanthropist in any part of that article.
[i]

This guy’s agenda is all about catering to this “image” of being a lovable figure, while also concurrently thoughtful and deep. I hate people who put on a mirage, and try to pass off the notion that it is a reflection of their genuine selves.

Ah, ha. YOU know the real Gilbert Arenas. Please enlighten the rest of us with the inside information that only you know. We’ll ignore the reports of him hanging out with fans at bowling alleys and then inviting them over to his place afterwards to play video games (Source: God Save The Fan by Will Leitch) or the story of a random kid in school who simply left a message on Gilbert’s My Space (I think) and Gilbert let him be his ball boy. But you clearly know better that he is faking and therefore hate him.

Yes, he’s still getting paid a ton of money. But he left 16 million dollars on the table that he didn’t have to leave. How many players in the NBA would do that?

Team says we’ll give you 127 million dollars.
Franchise Player says: No, please give me less.

Yeah, real classless fake guy.

by soap07 on Jul 4, 2008 12:01 AM EDT reply actions  

I’d have taken 100M… nice round number

:)

by 00dc2 on Jul 4, 2008 1:30 AM EDT reply actions  

gilbert’s good. so is washington. they beat us last year because they knew how to play defense. i just saw them against the c’s, but that was the best defense i saw from an opponent.

by nazzbo on Jul 4, 2008 6:48 AM EDT reply actions  

wow, he leaves his team 1.6M of flexibility per year for 6 years, what a guy ::)

by BrickJames on Jul 4, 2008 7:52 AM EDT reply actions  

Soap, I don’t mean to get into a silly debate here. Yes I do think parting $16 MIL was a nice gesture at face value, but what difference does it make to the Washington Wizards who will still be over the cap for the next 4 years; who will be strangleheld of the ability to sign any marquee free agent?

Does anyone really think the “big 3” of Jamison, Butler, and Arenas is about to wreak havoc on the rest of the league for years to come? Haven’t they had three years to do just that? Unless first round exits are your definition of success, then I’m not so sure dude.

Let me clear the record here.. I do not mean to say that Gilbert is a bad guy, but he still isn’t any less of a media creation. Let’s look at this objectively; Corey Maggette might be signing with the Green at the mid-level exception. Is Maggette’s value truly that much lower than Arena’s, based on production over the last few years and their respective situations with regard to injuries? But yet, he doesn’t seem intent on strangleholding a team’s cap situation by the act of signing a humongous contract. Gilbert Arenas making all that money suggests just that. If he really cared, he’d take a smaller sized contract that was JUST based on his abilities and production and would allow the Wizards to sign better players around them so that maybe one day they might actually contend.

Again, how much will he be making? Like $20 MIL annually? Just because he seems like a personable guy on TV, doesn’t mean he’s worth that money. He is a false entertainer and Wizards fans, guaranteed, are going to grow tired of this guy’s blog predictions and unfunny writing topics.

by TradeProposalDude on Jul 4, 2008 8:14 AM EDT reply actions  

What Arenas did is very unusual. Duncan takes less than he could get on the open market in order to stay in S.A. and allow them some flexibility. Brand might take a cut this year. Other than that, what franchise players actually turn down an offer to take a lower one? I know pierce didn’t, but if he were making only 16 mil next year instead of 18, we’d have a little luxury tax wiggle room, which could influence free agent signings. Not saying pierce did anything wrong, but we can’t just dismiss what arenas did.

by Fan from VT on Jul 4, 2008 9:23 AM EDT reply actions  

Yeah but Tim Duncan actually deserved those big huge bucks. Turning down a portion of the offer to sign for a paycut is more heartfelt than an overrated chucker who won’t get you anywhere signing over a $100 MIL contract and being “generous” by only accepting $16 MIL less.

by TradeProposalDude on Jul 4, 2008 9:42 AM EDT reply actions  

Regardless of whether or not Arenas “earned” the offer he got, he volunteered to take less than a team was willing to offer. No matter what you think of the circumstances or his abilities or his personality, that in and of itself is quite rare.

by Fan from VT on Jul 4, 2008 9:56 AM EDT reply actions  

I can’t believe how many of you guys are giving Arenas a hard time about this. This is EXACTLY what you want to see out of your superstars, and half you guys are raking him over the coals for it. What the heck????

I think it’s a great gesture, and just another reason why Gilbert is by far my favorite non-Celtic in the NBA. You guys who are killing him for it…I bet none of you would turn down an extra $20 if it helped your bosses out, much less $16 million. That guy is a team player all around and one of the most energetic, entertaining guys in the NBA. Please, give him credit where credit is due.

by Pawtucket Pat on Jul 4, 2008 11:23 AM EDT reply actions  

The Jamison-Butler-Arenas trio has been very unlucky with injuries. Nobody really knows whether they’re capable of doing serious damage come playoff time because they haven’t had a run together.

Especially since their only healthy playoff trip together happened three years ago when Caron Butler was just starting to put his game back together. He’s substantially better than back then. Add in a good defensive player in DeShawn Stevenson who also plays very well next to Gil and Co. Plus Haywood finally being given the minutes he deserves. The team is a lot better. They’ve got a couple of interesting young players in Young and Blatche too.

This summer was a very difficult period for the Wizards franchise. How do you make a decision over the future when your picture of how good this team actually is has been muddied by injuries?

by Who on Jul 4, 2008 1:31 PM EDT reply actions  

I understand that the potential hasn’t been fully tapped into because of injuries. But “potential” is hardly ever reached for a multitude of reasons in any sport. I do not think Gilbert Arenas can ever be fully healthy again. He played like crap this past year. Jamison and Butler are solid, but once again, there’s a lot more to attaining success than what they could “potentially” achieve. Frankly, the Celtics had to overcome all these problems with KG, Allen, and Pierce on one team. Take their inferior counterparts, and the mere fact that their alleged best player is one who is extremely unreliable because of the way he plays (chucking) and the injuries that have forced him to play below his expected production, it is enough reason for me to believe that the Wiz won’t be wreaking any kind of havoc on the rest of the league as long as this core is maintained.

by TradeProposalDude on Jul 4, 2008 4:36 PM EDT reply actions  

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