Gilbert Arenas Opts out, Will Represent Himself

Wizards team president Ernie Grunfeld has said throughout the year the Wizards will "do what we need to do to keep [Arenas]."

He also maintained repeatedly that the Wizards are aiming to re-sign their other All-Star free agent, Antawn Jamison.

Arenas does not have an agent and instead will represent himself in the negotiations, saying "I see no point in giving somebody 4 percent of my money" when he can do the work himself. [Washington Times]