7:42pm: The Wizards have offered Wall a four-year contract extension projected to be worth $170MM, Brian Windhorst of ESPN writes but, as Bontemps suggested earlier today, the point guard isn’t expected to decide right away. He’ll decide over the next week after talking with his family. The deal would lock Wall in place until the 2022/23 campaign.
3:27pm: Wizards point guard John Wall is one of a small handful of players eligible for a Designated Veteran Extension this offseason, and Washington intends to offer him such an extension sometime after the new league year begins, reports Tim Bontemps of The Washington Post. However, according to Bontemps, Wall may not accept the offer right away. As Bontemps details, Wall sounds prepared to wait and see what the Wizards do with their roster this summer before he commits to a new long-term deal with the team.
“I just want to kind of see what they do throughout free agency, talk to my family, talk to my agency and my managers and see what we want to do,” Wall told Bontemps on Monday. “It’s definitely a place I want to be … I’ve just got to make sure things are going in the right direction, and make sure we are building the team in the way we want to be, and don’t get locked up in a situation where you might not feel comfortable.
“But I love being in Washington, I love playing there, and there’s not another city I’d really want to play for.”
Wall still has two years left on his current deal, which pays him just over $18MM in 2017/18 and $19MM in ’18/19. A Designated Veteran Extension would go into effect for the 2019/20 season and would keep him locked up for an extra four years. It would start at 35% of the salary cap, which should fall somewhere between $35-40MM by the ’19/20 season.
That would be a massive payday for Wall, and I’d be surprised if he didn’t ultimately accept the offer by the start of the regular season, assuming Washington formally puts it on the table. Still, it’s worth keeping an eye on the Wizards’ offseason moves, and Wall’s reaction to them.
The star point guard said earlier this week that he would love to see the club add Paul George, since Wall views George as the type of player Washington needs to guard LeBron James and seriously compete in the East. If there are other teams in serious pursuit of George though, the Wizards likely won’t have the assets to outbid them.
Stephen Curry, James Harden, and Russell Westbrook will also be eligible for Designated Veteran Extensions this offseason.