Jorge Castillo of the Washington Post reports that the Wizards are preparing to offer Beal a five-year max deal when he becomes a restricted free agent this coming offseason.
Castillo states that the cap in the NBA is projected to be at $92 million next season, so Beal would receive $23 million in the first year of his new contract.
When asked about the subject previously, Beal was pretty clear about his feelings. From Castillo:
I want to be valued the right way. I feel like I’m a max player and that’s what I’m looking for. If Washington can’t meet that requirement then I may be thinking elsewhere. I’m pretty sure that they probably won’t (let me go). At the end of the day, that’s where I want to be. I think a deal will probably get done but you just never know.”
Last summer, the Wizards attempted to sign Beal to a much cheaper extension, but he turned it down. It has turned out to be a very intelligent decision.
Washington will be fine, though. Given the cap's set rise, the Wizards will still have room to sign a big-name free agent even with Beal getting the max.
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