Hey BF fam! This is my first FanPost so take it easy on me, guys! Let me just start off by saying that I've been a faithful BF follower for the last 2 years. I wish I could say that I've been a Bullets fan all my life, but at one point in time, I was a HUGE Sonics fan (the GP-Reign Man combo is still the greatest ever!!). I converted in the mid-90's right around the time we drafted Juwan. But ever since then, I ride or die for this team! I literally check this site about 7-8 times a day to get my Wiz fix. I really appreciate the input/insight that most of you share with the rest of us. Since I've now popped my post cherry, I'm hoping to become a regular among the Wiz faithful here.
Can anyone with knowledge of contract legalities answer this for me (I actually just posted this on Wizards Insider as well): Can the Wizards possibly void Arenas' current contract and then re-sign him to a lower deal? For instance, maybe like a 4-year, $32M deal (assuming he can take the court again by next season)?
My reasoning is that WHEN Gil gets reinstated (I seriously can't fathom a lifetime ban), and the team were to successfully void his contract, I'm sure other GM's would be lining up for his services. But I also see those same GM's trying to lowball him because of this incident. So, clearly, (if the next Wiz owner has a soft spot and is willing to let Arenas return back to the team and help him rehabilitate his image) Ernie would have the upper hand in negotiations, right? He could easily say to Gil, "Look, considering we paid you an absurd amount of money to sit on the bench for 2+ years, we're willing to give you a second chance under the condition that you'll take less money. Our offer would still, more than likely, be higher than any other teams' offers." And with Gil realizing that he needs a total image re-vamp, he'll bite the bullet (pun, no pun?) and accept our offer. By doing so, this makes Arenas look like the good guy again because it shows that he is a team player by 1) accepting less money and 2) returning back to his team to clean up this mess that has given our organization a huge black eye.
I'm sorry I've rambled but back to my original question, lol. Can the Wiz void his contract and then re-sign him for less? Please say yes! It would be a win-win for both parties, right?