Gilbert Arenas is Packing!

The NBA acknowledged that they are investigating Gilbert Arenas’ violation of league rules that prohibit players from bringing firearms onto league property. The NBA released the following statement, “We’re aware of the situation and are working to gain a full understanding of the facts and relevant legal issues.” Now that the league has acknowledged the situation, we’re just waiting for that investigation to be completed and to see if Arenas gets a suspension or not.

Elsewhere around the NBA:

Free Agency: Estimates are starting to come in regarding ticket revenues and the news is worse than expected. The question for teams now becomes how much the salary cap is expected to drop. This means that several notable teams (Knicks, Nets, Heat) who have been setting themselves up for this summer’s blockbuster free agency class (LeBron James, Dwayne Wade, Chris Bosh, Joe Johnson) will have less money to lure key players.

Los Angeles: Lakers G Kobe Bryant made it through practice Thursday without any pain in the knee he tweaked during Tuesday’s game against the Thunder. Kobe said of his knee, “It’s good. No problems. I feel fine.” All of the Los Angeles Laker fans should consider this the vote of confidence as Bryant seems to be fine.

Portland: An MRI on Brandon Roy’s shoulder revealed no tears, but he will be a game-time decision for Friday’s game against the Nuggets. The Portland Trail Blazers are calling the injury a shoulder muscle strain. The good news is the injury is not serious, but the bad news is it could possibly force him to miss another game or two. Check back before Friday’s game for a final update.

Boston: Celtics Coach Doc Rivers said Thursday Paul Pierce (infected knee) could miss at least two weeks, and is doubtful to travel on the team’s upcoming road trip. Boston Celtics returns home to play on Jan. 2, but if he skips that game he’ll get four days of rest to play on Jan. 6. It was reported that he called team trainers at 3 a.m. Wednesday due to intense pain, and was taken to the hospital to have his knee drained. Owners should have him sidelined until further notice.

Miami: Miami  Heat C Jermaine O’Neal lasted just three minutes into Wednesday’s game before being shutdown for the night with a groin injury. Information is scarce right now, but we’re going to guess he’s day-to-day.

Indiana: Pacers coach Jim O’Brien said Thursday that they are no hurry to bring back Jeff Foster, who injured his back last week playing against Dwight Howard and the Magic. “We don’t want to have him go seven minutes and have (the back) go out again. He’ll be back when we think we can play him for an extended period of time without risking further problems,” said O’Brien