ARENAS SUSPENDED FOR REST OF SEASON
01/27/2010

David Stern has suspended Gilbert Arenas from the NBA for the remainder of the season, following "Gun Gate".

League sources say Stern had been considering two suspension scenarios for the former All-Star: the remainder of this season...or a full 82-game ban that would extend into next season.

Apparently, players union executive director Billy Hunter and union attorneys had negotiated the suspension terms with the Commish over the last few days.

Lawyers made it clear to Arenas, prior to his meeting with Stern today, that he risked the longer suspension if he didn't accept a ban for the remainder of this season. The Washington Post reports that Arenas told Stern he would ask the union not to fight the suspension.

Including the 12 games he's already missed, Agent Zero will be suspended for a total of 50 games, costing him nearly $7.4 million in lost salary! The Wizards are still determining whether they will pursue voiding the remaining $80 million on Arenas' contract. Ouch.

To top it all off, Gilbert faces up to six months in jail after pleading guilty to carrying a pistol in Washington, D.C., without a license. Sentencing is on March 26th.

As for, Javaris Crittenton, who was also involved in the incident, he too was suspended from the L for the remainder of the season...and has been sentenced to one year of unsupervised probation and community service after pleading guilty to a misdemeanor gun charge.

Don't play with guns kids.

UPDATE: STERN'S WORDS ON THE MATTER