PeterH

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  • 01:42 PM ET  07.03
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Recently the Washington Wizards offered point guard Gilbert Arenas a new contract for over $125 million.  He is expected to sign it next week.  Many basketball fans are disturbed about the size of the offer.  They reason that Arenas is not an "elite player" and this contract bodes badly for the future of the game.  They worry about the amount that other players like Cleveland's LeBron James will have to be paid when they renew their contracts.  They worry about labor strikes, work stoppages and lock-outs.  They don't need to worry.  Thanks…

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