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Some may argue that Gilbert Arenas(notes) has been shamed enough with his season-long suspension for bringing guns into the Washington Wizards locker room, but the team is reportedly still considering the idea of voiding the rest of the massive contract of Arenas, according to the Associated Press.

This whole incident kind of screws up plenty of things for the team in the short- and long-term and it would be best for the Wizards if they could just jettison him. Team president Ernie Grunfeld is supposedly putting a lot of consideration into it. He'll likely wait to see what happens on March 26 when Arenas will have a court appearance related to his felony gun charge.

"We're still exploring all our options,'' Grunfeld told the AP. "We haven't made any decisions up to this point. We're seeing what we can do. I think it's going to be a combination of many things to see which direction we go in.''

Arenas has 4 1/2 years left on his six-year, $111 million contract and there is no way he'll ever find that kind of cash again whenever he returns to the court. Of course the players union would go berserk if the Wizards attempt to break the contract, but that's what they are supposed to, even if the guy they are protecting laid out three guns in the middle of the locker room.

Players union executive director Billy Hunter predictably told the Associated Press that the union "will respond aggressively to any improper attempt by the team to impose additional penalties.''

Follow Yahoo! Sports Rumors on Twitter at @markjmill.

Source: Associated Press

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