[A]ccording to my sources, the Warriors quickly burned the phones and offered former Warrior Gilbert Arenas a maximum-level contract, one that would pay him more than $100 million over five years. My source told me that Gilbert received a flurry of phone calls from the Warriors in the first 30 minutes of free agency.â†µ
After Gilbert drove to the Verizon Center for a late night workout and a meeting with Ernie Grunfeld, the Wizards came strong with an offer of a maximum contract that covers six years for over $124 million. [...]â†µ
Arenas eventually remained with the Wizards on a discount: $110 million over six years.