Gilbert Arenas, Washington Wizards

The deal: 6 years, $111 million. The word is the Wizards actually offered him $127 million but he offered to give back the $16 million to save cap room. First of all, we love Gil. He's an incredible streak shooter, one of the most quotable and affable characters in sports today. Having said that, are they frigging crazy? The guy played in 13 games last season, had surgery on his left knee twice during a six-month span, and even though he's just 26, that's just a ludicrous amount of money to guarantee somebody coming off double surgery. He showed nothing in the playoffs, starting the first two games, playing just 94 minutes in four of them and sitting out the last two. Sure, if they didn't sign Gil, the Clippers would have, but then it would have been their folly.