Larry Hughes's agent informed us that Larry is not returning to Washington, ... He rejected our final offer which we regarded as very fair and very meaningful. We have a lot of outstanding players on this team including All-Stars Gilbert Arenas and Antawn Jamison, and we will add players that will continue to make us a very competitive ball club. Our goals remain the same which is to be a perennial playoff contender.
- Ernie Grunfeld
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