UPDATE (5:05:p ET): J.A. Adande tells ESPN News today that a felony plea or conviction is grounds for voiding Arenas’ contract with the Wizards, which is reportedly worth up to $90M.
Adande also reports Arenas was charged with a single count of unlawful gun possession, which explains the max penalty of five years in prison.
UPDATE (4:54p ET): Keith L. Alexander of the WASHINGTON POST reports:
Wizards guard Gilbert Arenas was charged Thursday with felony gun possession, a crime that carries a maximum five years in jail and a fine, authorities said.
The charge was filed Thursday afternoon by the U.S. Attorney’s office for the District.
Arenas’s attorney and prosecutors had been negotiating a plea deal during the day and it was not immediately clear whether the filing of charges was a part of the deal. Court officials said they had been told to prepare to have Arenas in Superior Court on Friday.
Apparently that means Arenas will be charged for possessing one gun. He reportedly had four guns in the Wizards locker room. Alexander earlier reported that Arenas could be charged with five years for each gun.
From Monica Norton of the WASHINGTON POST:
Wizards guard Gilbert Arenas is charged with carrying a pistol without a license outside home or business, a felony.
On January 5, Keith L. Alexander of the WASHINGTON POST reported:
Arenas could face charges of carrying a handgun without a license, which is a felony and punishable by up to five years behind bars. Because he has said he had four guns in the Verizon Center locker room, he faces a possible 20 years in jail. The panel also could issue a “no bill,” which means that no charges are warranted.
Michael Lee of the WASHINGTON POST also reports today that police searched the residence of Javaris Crittenton this morning looking for a gun and found nothing.