• Most Popular
  • Most Shared

A look back at sports

Arenas signs six-year contract extension with Wizards

WASHINGTON
Thu Jul 3, 2008 11:19pm EDT

WASHINGTON (Reuters) - Washington Wizards guard Gilbert Arenas agreed a six-year extension worth $111 million Thursday, ending his free agency.

Sports

Arenas was offered a maximum deal worth $127 million but accepted a lower offer to give Washington more financial flexibility.

"What can I do for my family with $127 million that I can't do with $111 million," Arenas told the Washington Post.

The move comes three days after the Wizards re-signed fellow free agent Antawn Jamison to a four-year deal.

Arenas, 26, missed 66 regular-season games last year due to a knee injury. He returned for the Wizards' first-round playoff series against the Cleveland Cavaliers but had to rest again after Game 4.

Arenas, one of the league's premier showman and characters, is a three-times All-Star with career averages of 22.8 points and 5.5 assists per game.

(Reporting by Jahmal Corner; Editing by Ed Osmond)



More from Reuters

Photo

U.S. probing if al Qaeda linked to airplane incident

WASHINGTON (Reuters) - The United States is investigating whether al Qaeda was involved in a Christmas Day attempt to blow up a passenger jet, but there is no early evidence the Nigerian suspect in the case was part of a larger plot, the U.S. homeland security chief said on Sunday. | Video

A Delta Airbus 330 airliner sits on a runway at Detroit Metropolitan Airport in Romulus, Michigan in this video grab made December 25, 2009. Credit: REUTERS/WDIV TV/Handout

The battle in mid-air

The attraction of bombing airliners means the aviation industry has to be constantly vigilant in its fight against attackers.  Full Article 

A caution sign is seen next to a stock board at the Australian Securities Exchange (ASX) in Sydney September 5, 2008. REUTERS/Daniel Munoz
Political Risk in 2010:

Don't say we didn't warn you

With the financial crisis (mostly) in the past, U.S. investors are eying a fresh start to the coming year. Here's a look at what speedbumps lie ahead.  Full Article