Lots of zeros for Arenas?

All the Washington Wizards had to do, Gilbert Arenas promised, was re-sign Antawn Jamison and he would come running back to the franchise, the city that made him Agent Zero. Arenas promised that he would take less money, too.

Now, the Wizards won’t even ask him to do that: Owner Abe Pollin has OK’d a six-year, $125 million offer for Arenas, a league executive said Tuesday.

The Warriors, emboldened with Baron Davis’ opt out, have offered Arenas five years for $95 million, but were losing hope on Tuesday that Arenas could be lured back to his original team, a Western Conference executive said.

The Washington Post first reported the Wizards’ counteroffer.

The All-Star guard missed 69 games with a knee injury last season, but as it turns out, he won’t have to take a dollar less to stay in Washington. Arenas started his career in Golden State as a second-round draft pick in 2001, but he’s always insisted that Washington was where he wants to end it. Now, Agent Zero has his chance.

Adrian Wojnarowski is the NBA columnist for Yahoo! Sports. Follow him on Twitter. Send Adrian a question or comment for potential use in a future column or webcast.
Updated Tuesday, Jul 1, 2008