I love Gilbert Arenas. How can you not? His personality is great for basketball, he's committed to interacting with fans, he's honest, and he's even one hell of a blogger. Gilbert also has his fair share of skills on the court, however I remain convinced he's one of the more overrated players in today's game.

With NBA Free Agency upon us, it's being reported that the Wizards have extended him a six-year offer worth $127 million. The Golden State Warriors have also offered Agent Zero a max deal, five-years worth $101 million, in response to Baron Davis opting out of his contract. That may just be a bargaining chip move by Chris Mullin, but either way, Arenas is going to get over $100 million.

He's not worth it - at least for what he provides ON the court.

I understand this is the same league where Juwan Howard become the first player ever to sign a $100 million dollar contract, but just because overpaying is viewed as common practice, it doesn't mean everyone must follow suit.

Two lingering questions concern me when it comes to Arenas' on-court attributes: 1) is his knee healthy? and 2) why did the Wizards often play better without him?

$20-plus million a year is an awful lot of dough to invest in a questionable knee. Near the end of a career year, Arenas tore his MCL in April 2007. Just eight games into this past season, he re-injured his left knee and sat out almost the entire season only to return on what was still a very shaky leg. Odds are this will continue to bother him throughout the rest of his career.

Then there's the subjective opinion that despite Hibachi's scoring ability and talents, the Washington Wizards played much better as a team when he was on the bench. Caron Butler thrived in Arenas' absence and appears like the franchise player. Some of this could be the result of Gilbert being less than 100%, but the question still must be asked if he's an ideal team player worth a max contract.

It's hard to ignore the remarkable buzzer beaters that Gilbert dropped throughout the 2006-2007 season, but I believe that's behind us unfortunately.

Now, I understand that the NBA is an entertainment business and thus the massive contract can be defended based on P.R. and ticket sales, but don't expect the Wizards (or Warriors) to improve their win total.