"Will Gilbert Arenas remain with the Orlando Magic, or will he be waived using the amnesty provision included in the tentative labor agreement?

Magic officials cannot comment. David Stern's lockout gag order remains in effect.

How will amnesty work? And what are the pros of using the amnesty clause to waive Agent Zero before the 2011-12 season? What are the cons?

How amnesty will work:

An NBA memo obtained and published by SI.com explains the amnesty provision.

Each team is permitted to "amnesty" one player during the life of the CBA. He must be under contract now, and his release must occur before a season begins.

The amnesty provision's benefit is simple: The player's entire salary would be subtracted from the team's salary-cap and luxury-tax totals."