FILE - In this April 16, 2011, file photo, Orlando Magic's Gilbert Arenas moves the ball against the Atlanta Hawks during the second half of Game 1 of a first-round NBA playoff basketball series in Orlando, Fla. The Orlando Magic waived Arenas on Friday, Dec. 9, not long after teams could begin making personnel moves after the lockout's formal end. Arenas was owed three years and just over $62 million. He'll still get that money, but it won't count against the Magic for salary cap and luxury-tax purposes, per the league's new amnesty clause. (AP Photo/John Raoux, File)

Photo by: John Raoux

FILE - In this April 16, 2011, file photo, Orlando Magic's Gilbert Arenas moves the ball against the Atlanta Hawks during the second half of Game 1 of a first-round NBA playoff basketball series in Orlando, Fla. The Orlando Magic waived Arenas on Friday, Dec. 9, not long after teams could begin making personnel moves after the lockout's formal end. Arenas was owed three years and just over $62 million. He'll still get that money, but it won't count against the Magic for salary cap and luxury-tax purposes, per the league's new amnesty clause. (AP Photo/John Raoux, File)