Bullets Forever, a Washington Wizards community

After re-signing both Arenas and team captain Antawn Jamison this month, and adding backup point guard Dee Brown, the Wizards are between $1 million and $1.5 million under the NBA luxury tax for the coming season.

James Posey remains the most coveted unrestricted free agent still on the market and New Orleans is being increasingly described as perhaps the biggest threat to Boston keeping him...

Washington is highly interested as well, but the Wizards have to find a way to shed a salary or two to have the financial flexibility to make a representative bid.

Free agent forward Jarvis Hayes plans to sign a two-year contract with the New Jersey Nets, a league source with knowledge of the negotiations said.

Hayes met with New Jersey management in Orlando, Fla., on Thursday and left confident that he’ll sign for the bi-annual exception that would pay him $4 million over two seasons.

Matt Barnes is on the list. I cannot believe what Barnes must go through every year. For a team that likes to run, he is a perfect complimentary piece off the bench. He is the ideal back-up combo forward for the Warriors, Suns, Knicks, Sixers, etc. He makes open shots, defends, runs the floor and does the little things. It is unbelievable to me that he has to earn a roster spot every single season.

Also yesterday, the Wizards signed Utah Jazz restricted free agent point guard Dee Brown to an offer sheet for a two-year, partially guaranteed deal. Utah has one week to match the offer.

The Heat has expressed interest in several free agents: center Kwame Brown and guards Jannero Pargo and Roger Mason.

The Nets have a list of about 20 names, mainly wings, and near the top is Roger Mason, a 6-foot-5 guard who averaged 8.0 points with Washington last season, when he made a minimum $770,610. Figure he'll command in the $2.5 million range.

Gilbert Arenas isn't leaving Washington, despite opting out of the last year of his contract, which would have paid him around $13 million next season. Arenas and the Wizards have secretly agreed on a new multi-year deal, according to a GM friend of Washington executive Ernie Grunfeld.

One day after stating that he planned to wait until the June 30 deadline to opt out of the final season of his contract with the Washington Wizards, Gilbert Are nas looked over his contract on Monday and discovered that it carries a provision stating that he must opt out no later than June 20.