The Gunners completed an £11m deal to sign the experienced Czech Republic international from Premier League champions Chelsea earlier this summer.
[Begovic has] longevity because of his age, and, alongside Thibaut Courtois, you’ve got two of the best goalkeepers in the Premier League with 15-plus years ahead of them
Jose Mourinho wasted no time in replacing the 33-year-old shot stopper with Bosnia-Herzegovina international Begovic in a £8m transfer from Stoke City.
And former England goalkeeper believes Arsenal manager Arsene Wenger should have moved for the former Potters goalkeeper.
“Petr Cech is a very good goalkeeper but he’s not at his best. At 33 years of age, there’s nothing to say he can’t get back to the form of Petr Cech at his best though,” James told talkSPORT.
“If he does then Arsenal still have one hell of a goalkeeper but Chelsea still get £11m for a 33-year-old with one year left on his contract. They have gone out and bought Asmir Begovic, who was sought after by many big clubs and in the last two or three years, Begovic has been up there as one of the best goalkeepers in the Premier League.”
James, who won the FA Cup with Portsmouth in 2008, added that Begovic provided greater longevity for a better price than the Czech shot stopper.
James added: “[Begovic has] longevity because of his age, and, alongside Thibaut Courtois, you’ve got two of the best goalkeepers in the Premier League with 15-plus years ahead of them. For sure, If I was an Arsenal fan I would have been happier to have signed Begovic – £8m for Begovic and £11m for Cech.”
Cech made his first appearance for the north London side in a 3-1 victory over Everton in Barclays Trophy in Singapore on Saturday.
The new Arsenal signing won four Premier League titles, four FA Cups, three League Cups, the Champions League and the Europa League during his career at Stamford Bridge.
MORE: Man United latest news
MORE: Arsenal latest news
MORE: Chelsea latest news
MORE: Liverpool latest news