*Lawyers for suspended Washington Wizards player Gilbert Arenas are reportedly talking with prosecutors to negotiate a plea bargain in which the NBA star would cop to misdemeanor gun charges.

Quoting law enforcement sources, TMZ.com says the filing of charges would coincide with the plea.

Arenas is under investigation for felony gun charges after he brought four firearms into the locker room at the Verizon Center.

As for what a plea would do to Arenas’ status as a member of the Wizards, TMZ says G.M. Ernie Grunfeld and Arenas were text messaging each other shortly after the incident. In one of the text messages, Grunfeld wrote that Arenas had violated his NBA contract which prohibits players from possessing a firearm in a team or league facility. As a result Grunfeld texted the team had a right to void his contract … worth $111 million.