According to ESPN’s Marc Stein, John Wall and the Washington Wizards are nearing an agreement worth about $80 million dollars. Washington has wanted to lock up the former first overall pick with the 5-year max contract extension, and it looks like they’ll do so by August 1st.
Buzz in Vegas at Team USA camp: John Wall & Wiz are nearing agreement on five-year deal in $80 mil range that should be finalized by Aug. 1
— Marc Stein (@ESPNSteinLine) July 25, 2013
Averaging nearly 19 points and 9 assists per game this past season, John Wall is coming off the best season of his young career. Wizards owner, Ted Leonsis, has wanted to build the Wizards franchise around John Wall, and will continue to do so with this new contract.
Although Wall has improved, this presumptive deal displays the amount of confidence Washington’s brass has in the young up and coming guard.
John Wall is currently participating in Team USA mini-camp in Las Vegas, along with teammate Bradley Beal.
There has been lots of speculation whether the Wizards would be willing to offer John Wall the max contract, and it seems as if they will indeed lock him up for the long haul. Wizards general manager, Ernie Grunfeld, wanted to finish up the contract agreement before the regular season began in order to prevent Wall from entering restricted free-agency.
It looks like the nation’s capital will have John Wall for 5 more years.
We’ll keep you updated as more details emerge.