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Sources: Gilbert Arenas clears waivers

Updated: December 11, 2011, 9:25 PM ET
By Marc Stein | ESPN.com

Gilbert Arenas is officially an unrestricted free agent.

NBA teams were notified after 6 p.m. Sunday that Arenas, released by the Orlando Magic on Friday through the league's amnesty clause, has cleared waivers, according to NBA front-office sources.

Under the new amnesty provision, teams with salary-cap space have first crack at placing bids on players such as Arenas and New York's Chauncey Billups once they are released via amnesty.

But Arenas' agent Dan Fegan, ...

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