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Arenas led the team in scoring with 25.5 ppg, and finished seventh in the league in that category.He also finished sixth in the league in steals per game in 2004–05 with 2.24 (Hughes led the league with 2.93 steals per game).
On January 3, 2007, Arenas hit a 32-foot buzzer-beater to win the game against the Milwaukee Bucks, 108–105.The previous record was held by Earl Monroe with 56 points, achieved in 1968, which was also an overtime game against the Lakers.Arenas's 16 points in the extra period also set an NBA record for most points in one overtime period, surpassing Earl Boykins' record by one point.During the off-season, Arenas said that he was willing to take a pay cut in order to give the Wizards additional money with which to sign available free agents.He had expressed a desire to win a championship with the Wizards.
Arenas was most often nicknamed "Agent Zero", due to his former jersey number and his clutch shot-making ability, but has increasingly been referred to as "Hibachi", a nod to the small Japanese barbequing device, which literally translates to "bowl of fire." Arenas was suspended for most of the 2009–10 season because of handgun violations stemming from an episode on December 24, 2009, and for subsequent actions that appeared to make light of this episode.