More breaking news: according to Yahoo! Sports' Marc Spears, the Wizards have re-signed Josh Howard to a one-year,
$4 million contract.
Wiz agree in principle to sign Josh Howard to a 1year deal paying close to $4 mill w/bonuses, his consultant Derek Lafayette tells Y! Sports
It keeps with the Wizards' strategy of minimizing long-term costs. For one year, I think Howard's a pretty decent investment.
UPDATE: According to Michael Lee, the contract terms haven't been finalized yet.