WASHINGTON--Gilbert Arenas is accepting less money from the Washington Wizards, invoking an attitude far, far removed from the world of his working-class fans.

"What can I do for my family with $127 million that I can't do with $111 million?" he told The Washington Post.

The unpredictable three-time All-Star point guard, in vintage Agent Zero fashion, told the Post and the Washington Times on Thursday that he has agreed to re-sign for $111 million over six years, considerably less than the maximum deal he said the Wizards offered him when the free agency period began on Tuesday.

Arenas negotiated the deal from China, where is traveling as part of promotional tour for a shoe company, and did so without an agent.

In New Orleans, Chris Paul and the Hornets reached a contract agreement Thursday that could keep the All-Star point guard with the team for at least the next four seasons.

Lance Young, Paul's agent, said Paul agreed to a three-year extension with a player's option for a fourth year. The total value of the deal is $68 million.

Arenas in RP
Meanwhile, Arenas arrives in the Philippines at 4:45 p.m. today for a four-day visit.

During his stay here, Arenas will launch his new signature shoes, visit Adidas stores, conduct clinics for children and endorse socially-oriented projects like Gawad Kalinga where he will lead the turnover of a basketball court.

Highlighting Arenas' visit will be his appearance at the Ateneo-La Salle duel in the UAAP Sunday.