According to Michael Lee of the Washington Post, the Washington Wizards will not complete their new contract agreement with John Wall until at least next week.
The final details of the five-year, $80 million contract that will keep John Wall with the Wizards through 2019 continue to be hashed out and an agreement likely won’t be completed until at least next week, according to league sources with knowledge of the situation.
John Wall is currently participating in the Team USA men’s basketball mini-camp, which could be the reason his deal won’t be finalized until next week. Regardless, it seems as if John Wall’s inevitable contract extension is all but inked.
Lee also added that the Wizards have had intentions of giving Wall the 5-year max contract extension throughout the entire process, and didn’t want to hold out to complete the deal. Averaging nearly 19 points and 8 assists this past season, John Wall is coming off the best season of his short career. Wall had an explosive run during the second half of the NBA season, which could’ve contributed to the Wizards’ confidence in Wall’s ability to lead the team.
In this case, it’s fairly obvious that Wizards general manager, Ernie Grunfeld, had virtually no other option but to extend Wall’s career in the nation’s capital for a long period of time. There comes a time where valuable players have to get paid, especially when the entire organization is riding on their franchise player, and the Wizards have hit that period with Wall.