Gilbert Arenas Got Cut Today By The Magic via The New Amnesty Clause

December 9, 2011 0

The Magic announced Friday that they are using a new collective bargaining agreement amnesty provision to release guard Gilbert Arenas.

Arenas has struggled in Orlando and the Magic took advantage to the new provision — allows a team a one-time option to waive a player’s remaining contract from the salary cap and luxury tax.

Since coming over from the Washington Wizards in a trade for Rashard Lewis last season, the 29-year-old Arenas hasn’t been able to make an impact in Orlando. Arenas has about $62 million remaining on the final three years of his six-year, $111 million deal.

Arenas averaged career lows in minutes (21.8), points (8.0) and assists (3.2) last season with the Magic, starting just two of the 49 games he appeared in. He also was at times bothered by sore left knee and left leg that at times limited his availability. He’s had three knee surgeries during his 10 seasons in the league.

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