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Wizards re-sign Josh Howard to one-year contract

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.

More later...

UPDATE: According to Michael Lee, the contract terms haven't been finalized yet.