Gilbert Arenas News: Arenas signed a one-year contract Monday with the Shanghai Sharks of the Chinese Basketball Association, China Daily reports.

Arenas signed a one-year contract Monday with the Shanghai Sharks of the Chinese Basketball Association, China Daily reports.

Arenas had been training with the Sharks for two weeks, and was finally able to reach a deal for one year worth a reported $700,000. Arenas, who averaged 20.7 points and 5.3 assists per game over 11 NBA seasons, will try to restore some value in China for another shot in the NBA, but it seems clear his days as a star are over.