The Sports Network reports:

Washington Wizards guard Gilbert Arenas reportedly has decided to opt out of the final year of his contract Monday, according to a story in the Washington Post.

The move makes Arenas an unrestricted free agent. He was scheduled to earn $12.8 million next season.

Teams are eligible to negotiate with free agents beginning on July 1.

Arenas has also previously stated that he would be willing to take a slight pay cut to accommodate Wizards free agent forward Antawn Jamison. It’ll be interesting to see whether or not he backs up those statements, rather than taking the “I’m gonna get mine” route.

Stay tuned, Wizards fans. You’re in for an eventful summer.

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Posted By: Dustin Chapman

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