The Washington Wizards secured their star player for years to come. Wizards point guard John Wall agreed to sign a four-year, $170 million contract extension. The All-Star guard announced that he is staying in D.C. with a video that the Uninterrupted posted on Twitter.
BREAKING NEWS: @JohnWall announces on UNINTERRUPTED he is re-signing with the @WashWizards. pic.twitter.com/L1Sg4h2Uu1
— UNINTERRUPTED (@uninterrupted) July 22, 2017
Financial implications of this contracts are huge for the Wizards. As Bobby Marks from ESPN reports, the Wizards pretty much filled up their cap space for years to come.
Guaranteed salary in Washington for the next four seasons: $126M, $126M, $108M and $98M.
— Bobby Marks (@BobbyMarks42) July 22, 2017
Of course, the Wizards have contracts that they could dump to rebuilding teams such as the Brooklyn Nets. The biggest such contract is the one center Ian Mahinmi signed. He is tied to the Wizards for three more years, and is guaranteed around $48 million.
As for Wall, he is still on his rookie extension he signed in 2013. Due to this, the new contract will start in 2019, after he finishes the current deal. As Zach Lowe from ESPN reports, the fourth year of the new contract is a player option.
Wall deal is 4-year extension that kicks in after remaining 2 yrs on his current deal, sources confirm. Year 4 on extension is player option
— Zach Lowe (@ZachLowe_NBA) July 22, 2017
Wall enjoyed an amazing season for the Wizards, gaining an All-Star nod and All-NBA Third Team honors. He averaged 23.1 points, 10.7 assists, 4.2 rebounds per game, shooting a healthy 45.1 percent from the field. He also added two steals per contest.
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