Today Arenas talked about James and the Lakers in his podcast The Gilbert Arenas Show.
Arenas said: "If I were the Lakers boss, I would have reached an agreement with him. I would have him give up the contract with an annual salary of more than $50 million and ask him what he wanted. For example, if he needs help starting his own league, or anything else. I know they may not have the financial resources like Steve Ballmer, but I will still do something like the Clippers - if I can raise him up to 50 million in an annual salary in other ways, such as if I could invest in his school or other programs to make him profit in the future, then I could save the team's salary and have room to build a team - I would do that."
James currently has only one year left in the contract with the Lakers, with a salary of $52.63 million, which will expire next summer.
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