It's been a good few weeks for Gilbert Arenas. First, the three-time all-star toured Asia and Europe as part of a promotional tour for Adidas and the NBA. Then, he returned to Washington on Saturday and signed a six-year, $111 million contract that all but ensures that he will spend his prime basketball seasons in a Washington Wizards uniform.

Arenas, 26, and the Wizards agreed to contract terms on July 3 but because of the league's one-week moratorium on free agent signings and because Arenas was out of the country, he could not sign until Saturday.

The Wizards offered Arenas a deal that would have paid him between $125 million and $127 million, the maximum allowable under terms of the NBA's collective bargaining agreement, but Arenas took less, he said, in order to give the team financial flexibility. Team president Ernie Grunfeld will attempt to surround Arenas and all-stars Antawn Jamison and Caron Butler with pieces that will help the team contend for a championship.