The Washington Wizards have signed all-star guard Bradley Beal to a $72M extension. This deal will keep Beal in Washington for at least three more seasons with a player option 2022-23. Beal’s entire contract is now worth roughly $130M the next four years.
Here is what our partner, Field Level Media said about the Bradley Beal contract extension.
There is incentive to decline the option for the 26-year-old.
If Beal declines, he can re-sign with the Wizards for an NBA-record $266 million over five years.
In free agency, Beal, the third overall pick in 2012, would be able to sign for a maximum of four years, $198 million.
If traded during the course of the deal, Beal would receive a 15 percent trade kicker.
“Brad has always made it clear to me, that in a perfect world, he would never leave Washington,” agent Mark Bartelstein told ESPN. “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 (owner) Ted (Leonsis) is pouring into the franchise and thrilled how committed he and (GM) Tommy (Sheppard) are to building something special.”
Beal was named to the All-Star Game each of the past two seasons. He played all 164 regular-season games in that span and set career highs in scoring (25.6), assists (5.5), rebounds (5.0), steals (1.5) and minutes (league-high 36.9) in 2018-19.