The Washington Wizards said Sunday that they are not surprised that Gilbert Arenas plans to opt out of his contract after next season and that they are committed to keeping him on the team.

The All-Star guard told The Washington Post and The Washington Times that he will opt out of the six-year, $65 million contract he signed in 2003 and become a free agent.

"As a three-time All-Star and one of the league's best players, we understand why a player of his stature would like to be compensated accordingly," Ernie Grunfeld, the Wizards' president of basketball operations, said in a statement.

"Gilbert has made a significant impact with his exploits on the court and a sincere connection with our fans and our community because of his compassion and generosity. Gilbert has said that his intention is to remain with our organization and we are committed to having him spend his entire career as a Washington Wizard."

Arenas said his motive was strictly business.