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WASHINGTON — Gilbert Arenas is accepting less money from the Washington Wizards than what they offered him when the free agency period began Tuesday.

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

Arenas, a former UA guard, 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.

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

"I'm basically giving back $16 million," Arenas told the Washington Times. "This is in line with what I've been saying the whole time. You see players take max deals, and they financially bind their teams. I don't wanna be one of those players and three years down the road your team is strapped and can't do anything about it."

Arenas became a free agent after opting out of the final year of his six-year, $65 million contract at the end of last season. He initially said he was opting out to receive a max contract, but he later indicated he would be flexible in negotiations.

Arenas also said that he would not re-sign unless the team retained two-time All-Star forward Antawn Jamison. The Wizards lived up to that part of the bargain Monday by giving Jamison a four-year, $50 million deal.

Arenas has averaged 22.8 points, 5.5 assists and 4.2 rebounds in his seven-season NBA career.

● 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.

The Arizona Wildcats are a month from the start of fall training camp.

The UA football team will hold its first practice Aug.4, according to a schedule released Thursday. The Cats will hold 10 practices in Tucson before relocating to Fort Huachuca on Aug. 14. The team will hold three practices in as many days before returning to campus.

Arizona opens its season Aug.30 with a home game against Idaho.

Olympic gold medalist Paul Hamm is back doing what he does best.

Hamm tumbled on floor and did some work on pommel horse and high bar Thursday after an X-ray showed the broken bone in his right hand had healed enough to withstand doing gymnastics again. He has a little more than five weeks to get ready for the Beijing Games.

"I'm very, very encouraged today," coach Miles Avery said. "I can finally breathe a sigh of relief. Wow, I'm finally seeing him do real gymnastics, and it feels good."

Hamm was a little tentative at first as he tried skills and maneuvers he had not done since breaking the hand May 22 in the closing seconds of his parallel bars routine at the national championships.

But his confidence grew the longer the workout went on, Avery said.