Speedy Claxton made himself some money in free agency with his Game 6 heroics for the Spurs.

The Golden State Warriors wasted no time in finding a replacement for Gilbert Arenas.

ESPN.com's Marc Stein reports that the Warriors will sign free-agent point guard Speedy Claxton to a three-year contract believed to be worth $10 million.

Claxton's signing will be announced on Wednesday, team spokesman Raymond Ridder said.

Arenas, 21, the Warriors' starting point guard and the NBA's Most Improved Player last season, signed an offer sheet believed to be worth $65 million with the Washington Wizards on Monday night. Golden State had 15 days to match the contract, but the addition of Claxton serves as an unofficial concession that the Warriors won't match.

Claxton, 25, became a hot commodity after helping the San Antonio Spurs to the NBA championship. He averaged 6.2 points and shot 56 percent from the field in the six-game series victory over the New Jersey Nets, coming up big in the title-clinching win in Game 6 with 13 points and four assists off the bench in place of slumping starter Tony Parker.

Claxton will step right in as the Warriors' starting point guard. The team's backup, Earl Boykins, is also a free agent, and the point guards currently on the roster are second-round pick Derrick Zimmerman and Steve Logan, a second-round pick last year who did not reach contract terms with the team.

Marc Stein is the senior NBA writer for ESPN.com. To e-mail him, click here. Also, send Stein a question for possible use on ESPNEWS.