The Washington Wizards are throwing “big” money at shooting guard Bradley Beal. Thursday morning, ESPN Senior NBA Insider Adrian Wajnarowksi reported that Beal signed a two year, maximum contract extension worth close to $72 million dollars.
The source of the report is Beal’s agent, Mark Bartelstein of Priority Sports.
The extension solidifies the Wizards backcourt by keeping the guard under team control for at least three seasons while attempting a full-scale rebuild. The contract will guarantee Beal $130 million over the next four years, if he decides to pick up a player option in 2022-23.
In the event the guard decides to opt-out of the contract, it puts him in the driver-seat to potentially negotiate the biggest deal in NBA history on the free-agent market. If Beal were to opt-out and renegotiate with Washington, he would be eligible for a five year deal worth $266 million under the NBA’s ten-year service guidelines.
In the event Beal chooses to opt-out and pursue a change of employment, he would be eligible to seek a four year deal with a new team worth up to $198 million.
Beal is a two-time All-Star and made an appearance on the NBA’s All-Rookie Team in 2013. He holds career averages of 19.8 ppg, 3.9 rpg and 3.7 apg, while averaging 45.2% shooting from the field through seven professional seasons.
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