We all know that Arenas isn't worth the value of his contract to any team.
But more to the point, he has more value to other teams than to the Wiz (particularly given the Wiz focus on youth development and defense).
That means Leonsis ought to write down the contract (or buy out of it) and trade Arenas to a wanna-be.
Ted's rationale that Arenas may be worth more later is wrong-headed. He may be worth less later. For example, he might be displaying disruptive behavior (again). He might reinjure the knee. The demand from wanna-bes might dry up.
Now is the time for Leonsis to step up. We know EG won't.
The wait will be a bigger distraction than The Decision.