The Orlando Magic have waived point guard Gilbert Arenas under the NBA’s new amnesty clause, according to the Magic’s official site.
Under the new collective bargaining agreement agreed on by the owners and players earlier this month, teams are allowed to waive one player from their team and remove that contract from their salary cap. Teams will now soon be allowed to place bids on Arenas during the amnesty waiver process.
Arenas signed a six-year, $111 million deal with the Washington Wizards in 2008. At the time, the scoring point guard had averaged 25-points-or more per game for the past three seasons. However, a combination of knee injuries and a major suspension for bringing a gun in the Wizards clubhouse limited him to just 97 games played in a 328 game span since signing his deal.