The All-Star guard now has two-years left at $27.1 million for 2019-20 and $28.75 million for 2020-21 on the original five-year, $127 million max contract he signed with the team in 2016. The Wizards gave Thomas Bryant a three-year, $25 million deal in free agency, and Smith, Hachimura, Brown and Wagner each have two years left on their deals.
With John Wall expected to miss the entire 2019-20 season while recovering from an Achilles injury, extending Beal is a big win for the Wizards. From when the extension is signed and until June 2023, Beal can decline or exercise the option.
The deal, which will begin in 2021-22, includes a player option for 2022-23.
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For Washington owner Ted Leonsis and new general manager Tommy Sheppard, Beal's decision represents a spectacular victory in the organization's monthslong campaign to recruit Beal into a belief that the organization has a viable plan to rapidly redirect a course toward contention. And Beal can't be traded until after this coming season, at the earliest.
"Brad has always made it clear to me, that in a ideal world, he would never leave Washington".
Beal is not eligible to be traded until after this upcoming season since the first year of his extension is greater than 5% from his 2020-21 salary. "He's thrilled about all the resources that [team owner] Ted [Leonsis] is pouring into the franchise and thrilled how committed [Leonsis] and [general manager] Tommy [Sheppard] are to building something special". But come next summer, even with that increased commitment of acquiring him, many teams would be interested in a player of Beal & # 39; s caliber with two more guaranteed years on his contract. The Wizards drafted Beal with the third overall pick out of Florida in 2012.