Bradley Beal signed a two-year extension worth almost $72 million with Washington on Thursday, a major victory for the Wizards and a move that will keep the All-Star guard out of free agency for at least the next three summers.
Beal had until Monday to accept Washington's offer.
A two-time NBA All-Star, Beal was drafted with the third pick in the first round of the 2012 NBA Draft out of the University of Florida.
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The Wizards were willing to give Beal a three-year extension that would have been worth about $111 million.
The Washington Wizards and star shooting guard Bradley Beal were seemingly in limbo this summer. "With the player option, he can line up for a lucrative deal in just three years", the report noted.
The 26-year-old Beal was previously set to hit free agency as part of the heralded 2021 class. The two-time All-Star averaged career highs in almost every statistic, including points (25.6), assists (5.6), rebounds (five), steals (1.5), and minutes per game (36.9).
Wizards All-Star guard John Wall, who is expected to miss the entire season recovering from a ruptured Achilles, has four years and $171 million left on his contract, a hurdle to the rebuild.
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If Beal chooses to become a free agent in the summer of 2022, he will now be eligible for a five-year, $226 million contract with the Wizards and a four-year, $198 million should he choose to sign with another team in the league. It was not about the money for Beal and the nation's capital is where he wants to be. Whether it was Kevin Durant or Al Horford, D.C. never seemed to be a likened destination.
So the contract was signed, and it will be a game-changer both for Beal and the Wizards.
Prior to the extension, Beal was entering his next to a year ago under contract with the Wizards.
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