Sun, Dec 11, 2011 - Page 19 News List

BASKETBALL: Magic use new amnesty clause to release Arenas

AFP, ORLANDO, FLORIDA

The Orlando Magic released guard Gilbert Arenas on Friday by using the NBA’s new collective bargaining agreement amnesty provision.

The new amnesty provision allows every NBA team a one-time provision to waive a player’s remaining contract from the salary cap and luxury tax.

Arenas, who has US$62 million left on the final three years of his contract, was traded to Orlando by the Washington Wizards for Rashard Lewis last season.

The 29-year-old Arenas originally signed a six-year contract worth US$111 million.

Arenas has played in 535 career NBA games with Golden State, Washington and Orlando, averaging 21.2 points, 5.4 assists and 4.0 rebounds a game.

He averaged 10.8 points and 3.9 assists a game during 70 starts last season for the Wizards and Magic, but produced only 8.0 points and 3.2 assists a game in 49 appearances for Orlando.

Arenas pleaded guilty to felony gun possession and was suspended for the final 50 games of the 2009-2010 NBA season after an incident in the Washington locker room involving then-Wizards teammate Javaris Crittenton.

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