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1:59pm: Arenas had been in talks with the CBA's Shanghai Sharks but appears to have opted to sign with Guangdong instead, tweets ESPN.com's Marc Stein.
12:34pm: A week after Tracy McGrady officially signed with the Qingdao Double Star Eagles, it appears another former NBA All-Star may be heading to China too. Gilbert Arenas is closing in on a one-year contract with the Guangdong Southern Tigers of the Chinese Basketball Association, reports Marc J. Spears of Yahoo! Sports (via Twitter).
We heard less than a month ago that Arenas was considering playing in China or another country overseas, though he was prioritizing an NBA job. As Marc Stein of ESPN.com wrote in late September, Arenas still had some time to seek out NBA offers and then perhaps weigh his options in the CBA or other professional leagues -- three and a half weeks later and still without an NBA contract, the veteran guard seems to be getting more serious about China.
While Arenas didn't make much of an impact in Memphis, reports this offseason have suggested that the 30-year-old is in good shape and is fully healthy. Signing in China would also allow Arenas the opportunity to return to the NBA late in the season, if he impresses overseas, since the CBA regular season ends in March.
I'm surprised he isn't getting much NBA interest at all.