Wash. Wizards Gilbert Arenas To Cop Gun Charge Plea, Loss 111Mil NBA Contract?

Washington Wizards baller Gilbert Arenas and the U.S. Attorney are seeking out a plea bargain along with prosecutors and Arenas lawyer. Arenas hopes that he and his lawyer can cop to a lesser plea that would drop the felony gun charges to misdemeanor gun charges.

Sources to TMZ say they were told a deal hasn’t been struck yet, but it could come as early as today and that it will go down quickly.

Gilbert Arenas is facing felony gun charges for hiding firearms in a container in the locker room of the Washington Wizards. Not only did he have a firearm in the facility, Arenas pulled it on fellow Wizards teammate Javaris Crittenton over an alleged un-paid gambling debt, as reported on HipHopRX.com.

As for what will happen to Arenas and his contract with the Wizards, sources say that Wizards G.M. Ernie Grunfeld wrote in a text to Arenas that he had violated his NBA contract, worth $111 Million, by possessing a firearm in a team or league facility, giving the team a right to void his contract.