By Bridget O’Donnell
Arenas with potential-future-boss Yao Ming in 2006.
Former NBA All-Star Gilbert Arenas — whose once-promising professional career took a nosedive following injuries and poor decisions — reportedly signed a contract with the Yao Ming-owned Shanghai Sharks earlier today.
The Beijing News, citing no source in particular, reported that the three-time NBA All-Star signed a contract today for an unspecified amount of money. Arenas has supposedly been with Shanghai’s CBA team for the last week.
The deal will be announced soon, but the Beijing News didn’t give any further details. Arenas was also rumored to be considering a deal with the Guangdong Southern Tigers.
Though the signing amount hasn’t yet been disclosed, Shark Fin Hoops wrote last week that it was rumored to be a one-year contract in the $700,000 range. Reportedly, an additional year could be added should Arenas meet the team’s expectations.
No word yet on how the potential signing could affect other former-NBAer D.J. White, who the Sharks signed in September. (According to CBA rules, each team is allowed no more than two foreign players on their roster).
If news of the signing is accurate, Arenas would join the ranks of several other high-profile former NBAers attempting to make a name for themselves in the CBA. That list includes Stephon Marbury, Tracy McGrady and Kenyon Martin, to name a few.
Now let’s hope Arenas doesn’t try and pull another weapon stunt at Yuanshen Sports Centre Stadium.
Image via Keith Allison.