According to Michael Lee of the Washington Post, John Wall has signed his 5-year contract extension with the Washington Wizards.
John Wall, the foundation of the Washington Wizards’ rebuilding efforts for the past three years, has signed a five-year contract extension worth approximately $80 million, according to a league source with knowledge of the situation. The deal will kick in at the start of the 2014-15 season and keep the point guard with the Wizards through 2019
The Wizards will also reportedly present this news in a press-conference taking place tomorrow, likely in the afternoon. Washington is undoubtedly confident in John Wall’s ability to help carry the franchise to future success, and the max contract seemed like an inevitability from the start of the off-season.
With John Wall in the lineup last season, the Wizards were just one game below .500 (24-25) and are hoping to continue building off their recent momentum.
Although this may seem like the Wizards may have over-payed to please Wall, the former first overall pick will become the fourth point guard in the NBA with a max deal.
I’m glad John Wall will remain with the nation’s capital for many years to come!
Stay tuned for more updates.