Put those trade talks to rest. At least for now.
The Washington Wizards and superstar Bradley Beal have agreed to terms on a two-year, $72 million contract extension, agent Mark Bartelstein of Priority Sports announced on Thursday.
According to ESPN’s Adrian Wojnarowski, the extension officially kicks in with the 2021-22 season, includes a player option for 2022-23 that keeps him out of free agency for three more seasons and guarantees Beal nearly $130 million over four years, a hefty deal that illustrates the team’s commitment to Beal as their franchise cornerstone.
Beal, 26, could decline his player option in 2022, and upon doing would be eligible to sign the largest contract in NBA history with the Wizards: five years for $266 million.
For comparison, Beal could sign a four-year, $198 million deal with a new team, if he chose to leave Washington.
Per the report, Beal’s deal includes a 15 percent trade bonus on the extension years and 50 percent advance payment of the $34.5 million and $37.3 million (if he opts into the 2022-23 years) annual salaries.
“This was a long process that really covered the entire summer and fall, including numerous conversations and meetings among Ted, Tommy, myself and Brad,” Bartelstein told ESPN. “This was probably going to be the most important decision that Brad was going to make in his career, and we wanted to give Ted and Tommy every opportunity to present their vision for the franchise. And they’ve genuinely done a wonderful job of getting Brad excited about the future and how they plan to build the Wizards team around him.
“Brad has always made it clear to me, that in a perfect world, he would never leave Washington. He has felt an obligation to be the focal point in turning the Wizards into an elite team. He’s thrilled about all the resources that Ted is pouring into the franchise and thrilled how committed [Leonsis] and Tommy are to building something special.”
Beal is coming off a career year, posting 25.6 points, 5.5 assists, 5.0 rebounds and 1.5 steals per game for the Wizards during the 2018-2019 season.
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