Bradley Beal has agreed to a two-year maximum contract extension with the Wizards, ESPN’s Adrian Wojnarowksi reports.
The extension, which is worth the maximum of $72 million, begins with the 2021–22 season and includes a player option for the 2022–23 season.
By declining the option in the summer of 2022, Beal would be eligible for free agency with 10 years of NBA service time, allowing him to sign either a record-setting five-year, $266 million contract with Washington or a four-year, $198 million deal with another team.
The contract also has ramifications for this season. Because his 2021–22 salary is more than 5% higher than his 2020–21 salary, Beal is ineligible to be traded this season, according to ESPN cap expert Bobby Marks.
Beal, who was drafted with the third pick in 2012 by the Wiz, signed a five-year, $128 million max contract with Washington in 2016. He has two years remaining on that deal.
The Wizards leaned heavily on Beal in the absence of John Wall last season. The Florida product averaged a career-best 25.6 points per game while playing a league-leading 36.9 minutes per night for a Washington team that finished 32–50.