After the Washington Wizards won the right to pick John Wall, the first question on everyone’s lips was what about Gilbert Arenas?

This is pure speculation, but one idea that is circulating is that the Wizards could trade Agent Zero to the Knicks for Eddy Curry’s expiring contract. This would have to happen after July 1, because Curry has to opt in to the final year of his contract. (And he will opt in.)

This should be a no-brainer for the Wizards because they can put Arenas’ tumultuous season behind them and start to truly rebuild around Wall. Arenas has four years and $80 million remaining on his contract, so if they were able to move him for an expiring deal, they’d have a ton of cap space in the summer of 2011.

For the Knicks, the decision is not quite as easy, but it is intriguing. A healthy Arenas could fit into Mike D’Antoni’s up-tempo system as a two guard who could also run the point if necessary. GM Donnie Walsh has the cap space to sign two big-name free agents, and he shouldn’t use this space to acquire Arenas. He should sign the two best players he can in July, and then think about adding Arenas to that mix, if he’s a fit.

As Alex David (of Buckets Over Broadway) writes, Walsh may be served to wait and see how Arenas looks at the start of the season.

If it were to happen at all, most likely it would go down during next season. That would enable Walsh to see if Arenas still has it, and similarly give Washington some time to see if perhaps Gil & John Wall can work as a dynamic duo. Also, hopefully Walsh would be smart enough to hold out for a draft pick too if we’re gonna take this huge contract off the Wiz’s hands.

So take a deep breath. This trade likely ain’t gonna happen. And if it does, it won’t be for a while.

I thought the deal that the Wizards gave Arenas was ridiculous even before the ink was dry, but the Knicks don’t care too much about payroll once they lock in their two big-name free agents this summer. Maybe it will be LeBron James and Chris Bosh. Or maybe it will be Rudy Gay and Carlos Boozer. Either way, Arenas, if healthy, is an All-Star caliber player that could be a very dangerous combo guard under Mike D’Antoni. Once the Knicks have their stars and are over the cap, it won’t matter if he’s making $10 million or $20 million a season.

Do I think that Gilbert Arenas will ever win an NBA championship? No. But he can help the Knicks become relevant again.

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The Washington Wizards were the big winners tonight, as they bucked the odds and won the 2010 NBA Draft Lottery. The Wizards had a 10.3% chance of winning the top pick and leapfrogged four teams for the right to draft John Wall.

And Wall will very likely be their pick. This is the perfect opportunity for the franchise to truly start over after the mess that Gilbert Arenas made last season. Look for the Wizards to try to trade Arenas this summer, though it will be tough to find a taker.

The Wizards were represented by Irene Pollin, the widow of the Wizards former owner Abe Pollin, who died late last year.

The Sixers also leapfrogged four teams to win the #2 overall pick. I’d expect Evan Turner would be the pick there, which means that Andre Iguodala could be available this summer. The Sixers will also take a long look at Derrick Favors and DeMarcus Cousins as talented big men don’t come along that often.

The big loser? I’d have to go with the Nets and new owner Mikhail Prokhorov, who looked like his head was about to explode when he learned that his team was going to pick #3. I’d expect New Jersey to take whomever is available between Turner and Favors to play alongside Brook Lopez and Devin Harris.

See the entire lottery results here.

Photo from fOTOGLIF

The NBA Draft Lottery is tonight, and as always, there is a lot riding on a few ping pong balls. Here is a list of the lottery teams (with their chances of winning the top pick in parenthesis) along with some discussion of their possible strategy if they do win the #1 pick.

ALMOST A SURE THING

Nets (25%)
The Wall-to-New Jersey/Brooklyn rumors have been strong all season, thanks to the Nets’ woeful record and Devin Harris’s struggles. Harris is now viewed as expendable, which means Wall would be a Net if the balls bounce their way tonight.

Wizards (10.3%)
Winning the right to draft Wall would allow the Wizards to cut ties with Gilbert Arenas and the franchise’s gun-toting past. It might also convince a free agent or two to sign for the chance to play with Wall.

76ers (5.3%)
Jrue Holiday is nice, but he’s not going to dissuade the Sixers from drafting a franchise-savior like Wall.

Pistons (5.2%)
See 76ers above but substitute “Rodney Stuckey” for “Jrue Holiday.” That is all.

Pacers (1.1%)
Indiana arguably needs a point guard more than any other team in the lottery, but with just a 1.1% chance of winning, they’re hoping against hope.

Grizzlies (0.7%)
Memphis would be buzzing with the arrival of Wall, who would seemingly be a great fit with O.J. Mayo, a re-signed Rudy Gay, Zach Randolph and Marc Gasol. Memphis would likely make the playoffs next season.

Raptors (0.6%)
The chances are very slim, but winning the right to draft Wall would offset the likely loss of Chris Bosh this summer. Neither Jarrett Jack nor Jose Calderon would be enough to convince the Raptors to draft Evan Turner.

Read the rest of this entry »

Mike Jones (former Wizards beat writer for the “now defunct Washington Times sports department”) reports that the team hasn’t decided what to do with regard to Gilbert Arenas.

It was believed that the Wizards would exercise their right to void the remaining four years and $80 million left on Arenas’ deal because of the felony conviction. This belief was further fueled by multiple media outlets outlining the Wizards’ options, and seemed to be further backed up by the TMZ report that Wizards president Ernie Grunfeld told Arenas he had the right to void the deal in a text message.

But according to a source speaking on the condition of anonymity, the Wizards have not had any discussions or communications with Arenas in regards to voiding the deal, and haven’t decided what their course of action is in the situation because the legal process must play out, and then David Stern, who already has suspended Arenas indefinitely, must decide what – if any – additional punishment the player will receive before being reinstated into the league.

If Arenas is able to avoid jail time, and is re-instate to the league by Stern, the Wizards are hopeful that they can mend what Arenas’ perceives as broken fences, and move forward with him as their franchise point guard.

“The Wizards did give him that $111 million contract when everyone thought they shouldn’t, and this still is a player who was averaging 22 points and almost seven assists in his first season back from a two-year layoff,” the source said. “They know that, and would like this thing to work, but just have to see.”

He’s also shooting a paltry 41% from the field and isn’t much of a defender. He wasn’t worth the contract even when he signed it, and he certainly isn’t worth it now. If the Wizards want to turn this thing around, hitching their wagon to an overpaid volume shooter with a long injury history and a tendency to bring guns into work isn’t the best way to do it.

Jones’s source uses the pronoun “they” to describe the Wizards, so it doesn’t sound like he/she is actually with the team. It will be interesting to see how the team proceeds; this could just be a ruse (by the source or team) to lead the media to think that Arenas’s fate hasn’t already been sealed. We shall see.

Photo from fOTOGLIF