Otto Porter re-signed with the Wizards on a massive, four-year, $106MM this offseason. Although he’ll likely remain the third option on the team—behind John Wall and Bradley Beal—owner Ted Leonsis is happy to hand the small forward that kind of deal, as he tells Michael Lee of The Vertical.
“The market spoke, I said, ‘Done,’ ” Leonsis said about Porter’s deal. “There’s not that many transformative free agents out there and a lot of teams are paying a lot of money on free agents and they’re not quite sure how it’s going to work. I felt keeping Otto, maxing Otto, was way lower risk than saying, ‘Let’s let him go and we’ll get someone in free agency.’ I get a lot of emails, a lot of tweets, ‘Cut him loose!’ Oh, really? The coach loves him, teammates love him, he’s one of the best 3-point shooters in the league. Cut him loose? No. That’s not in the plan.”
Here’s more from Washington:
- The Wizards are the first team to give out three max contracts to players who were drafted and developed by a single franchise, Michael adds in the same piece. Leonsis envisioned this feat for the organization years ago. “For us, if you articulate a strategy of, ‘We’re going to be bad and we’ll get high draft picks,’ and you realize NBA players come into their prime at 26, 27 years old, you’re hoping that this happens,” Leonsis said. “The worst thing that happens, you use a high pick, he’s a restricted free agent and you’re debating, ‘Do we want to keep him? Is he worth that?’ I said, ‘We want to be a ‘have’ team. ‘Have’ teams do whatever they want.”
- Wall and Wizards have a partnership that’s rare in today’s NBA, Chase Hughes of Comcast Sportsnet contends. Hughes argues that the point guard has a devotion to the franchise as well as the City of Washington that’s isn’t typical with the current free agency landscape. Wall recently agreed to a four-year, $170MM extension with the team.