Washington, DC -- (Sports Network) - Forward Antawn Jamison will be staying in Washington as the two-time All-Star signed a contract extension on Monday.

Reports earlier on Monday had the deal at four years and $50 million.

"Signing Antawn to a contract extension was a top priority for us this summer," said Washington president Ernie Grunfeld. "He has been a leader for us both on and off the court over the last four seasons, and we're proud to reward his efforts by bringing him back."

In 79 games last season with Washington, the 32-year-old led the Wizards with an average of 21.4 points and 10.2 rebounds per game. He was one of only five players in the NBA last season to average 20 points and 10 rebounds, and also had a career-high 44 double-doubles.

Over 10 seasons in the NBA, including stints with Golden State and Dallas, he has appeared in 717 games and has averaged 19.6 points and 7.9 rebounds.

The team now has one more big-name free agent to sign, three-time All-Star Gilbert Arenas, who said he would not re-sign with the team unless Jamison was also returning for next season.

A report in the Washington Post on Monday has the team offering Arenas a six- year contract worth over $100 million.