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Wizards Owner Discusses Wall’s Max Extension

August 1st, 2013 at 10:37pm CST by Chuck Myron

Perhaps most surprising about John Wall's maximum-salary extension with the Wizards is the timing of the deal. The team could have waited to re-sign him in restricted free agency next summer. GM Ernie Grunfeld and company could also have saved negotiations for later this offseason, since most rookie-scale extensions aren't signed until the October 31st deadline approaches. 

Instead, as soon as the team was eligible to make an offer, Wizards owner Ted Leonsis hopped on a plane to Los Angeles, where Wall makes his offseason home, to begin talks. Leonsis spoke to the media today about the deal, and J. Michael of CSNWashington.com rounds up several of his remarks. We'll pass along a few here: 

On what Wall has proven in his career:

"John and I talked about what we had to do the day we drafted him. It was going to be very painful. Rebuilds are hard. We've had 100% turnover of our team. We owe a lot to our fans for the patience that they've shown and also to the players because it was going to be messy. We're through that point now. I felt that John earned this because of what he'd been through and his level of commitment. Ernie and the staff crunched a  lot of numbers. There's a lot of analytics that go into it to show where John ranks and what his upside his. … I thought he was our foundational player and that he deserved to be a max player."

On the challenge of rebuilding and what the deal means for the franchise:

"We’re very, very fortunate that John embraced that challenge early on. Also frankly, (agent) Dan Fegan believed in that was well. John would be a very highly sought-after player around the league. He has probably the most upside of all of the point guards that are out there. To be able to secure his services for five years plus the year that he’s playing this year (for $7,459,925) really gives the fan base, the team, the coaching staff the wherewithal to know that we’ll have stability and we’ll continue to build systematically around what John’s gifts and skills are."

On the benefits of locking up Wall so early:

"By doing this, it should send a message to John and the team that we're about team results, not about individual stats. Everyone has their contract, everyone is taken care of. There is nothing to worry about. There are no distractions. I also made a commitment to having a drama free off-season. I think this organization has had enough drama."

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Eastern Notes: Wall, Monroe, Sixers, Humphries

August 1st, 2013 at 4:59pm CST by Luke Adams

Let's round up a few Thursday items from around the Eastern Conference….

  • John Wall's five-year extension with the Wizards is fully guaranteed, with no player or team options involved, tweets J. Michael of CSNWashington.com. Wall spoke to Monumental Sports Network about his new deal, and the additional pressure it will put on him over the next few years.
  • According to Grantland's Zach Lowe, the Pistons don't seem overly enthusiastic about signing Greg Monroe to a maximum-salary extension. If the team "falls in love" with a frontline of Josh Smith and Andre Drummond, Monroe could be dangled at some point, Lowe suggests.
  • Monroe, Paul George, and Larry Sanders are among the Eastern players who could follow in Wall's footsteps and sign lucrative long-term extensions this offseason, as Yannis Koutroupis of HoopsWorld writes.
  • Spurs assistant Brett Brown continues to be a frontrunner for the Sixers' head coaching job, according to Keith Pompey of the Philadelphia Inquirer (via Twitter). A report last month indicated Philadelphia would likely choose between Michael Curry and Brown, who Pompey calls "the preferred candidate."
  • The Knicks would be interested in Kris Humphries if he's bought out by the Celtics, but that appears unlikely at this point, says Jared Zwerling of ESPNNewYork.com (via Twitter).
  • The Hawks have yet to make a final decision on where Lucas Nogueira will play next season, but it still looks as if he'll return to Spain, tweets Chris Vivlamore of the Atlanta Journal-Constitution.
  • Brett Koremenos of Grantland speculates that if Gigi Datome has success with the Pistons, it could inspire other NBA teams to look more closely to Europe for inexpensive outside shooters.
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Odds & Ends: Wall, James, OKC, Haddadi

July 31st, 2013 at 9:05pm CST by Alex Lee

With John Wall's long-awaited max contract finally on the books for the Wizards, NBA writers around the league have already begun to weigh in.  Sean Highkin of USA Today writes that Wall is definitely worth the risk for the Wiz, while J. Michael of CSN Washington crunches the numbers to show why the team values Wall like they do.  There is sure to be more where that came from.  Until then, let's take a look at what else is going on in the Association on Wednesday night:

  • Free agent point guard Mike James, who spent last season with the Mavericks, will not retire at age 38 and is determined to play his 12th NBA season next year, tweets Chris Haynes of CSN Northwest.  James emerged as a viable backup, starting 23 of the 45 games he appeared in last season for Dallas and averaging 6.1 points and 3.1 assists per contest.
  • The Thunder have named Robert Pack and Mike Terpstra as assistant coaches, the team announced today in a press release.  Pack spent the past three years on the Clippers staff after a year in New Orleans.  This will be Terpstra's NBA coaching debut, but he has experience working in the D-League. “We’re excited to add Robert and Mike to our coaching staff for the upcoming season,” said head coach Scott Brooks in the release. “These additions bring diverse backgrounds to our group that will help the further development of our players.”
  • The Knicks have shown interest in center Hamed Haddadi, tweets Al Iannazzone of Newsday, adding that nothing is imminent.  Only able to offer minimum salary contracts, we heard today the Knicks were hoping to land Beno Udrih and yesterday that they had some interest in Delonte West.  Haddadi finished last season in Phoenix after more than four years with the Grizzlies. 
  • Alan Anderson, who signed with the Nets yesterday, says he took less money to join a winner, writes Iannazzone.  At 30 years old, it sounds like the veteran guard was more concerned with contention than playing time and therefore agreed to a contract in Brooklyn for the league minimum.  He was a double-digit scorer in Toronto last season for the first time in his career, but the Raptors missed the playoffs.  In his four NBA seasons, Anderson has yet to see the postseason. 
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Wizards Sign John Wall To Five-Year Extension

July 31st, 2013 at 4:03pm CST by Luke Adams

4:03pm: The Wizards have officially signed Wall to an extension, the team announced in a press release. According to Lee (via Twitter), a press conference is planned for tomorrow.

"[Wall] is the cornerstone of our team, and we have clearly expressed our desire to build around him well before making it official by re-signing him today," owner Ted Leonsis said in a statement. "We are extremely confident in his leadership abilities and are excited to see the continued improvement of the team."

3:04pm: The Wizards and John Wall have officially reached agreement on a five-year maximum contract extension, reports Michael Lee of the Washington Post (via Twitter). The deal is expected to worth in the neighborhood of $80MM.

Adrian Wojnarowski of Yahoo! Sports first reported last week that the Wizards and Wall were closing in on an agreement for a max extension, while other reporters, including Lee, added that the deal would likely be finalized this week. ESPN.com's Marc Stein noted yesterday that the Wizards hoped to hold a press conference on August 1st, and that timetable still appears to be on track, with J. Michael of CSNWashington.com tweeting that the team will make the official announcement tomorrow.

Agreeing to a five-year contract, rather than a four-year pact, will make Wall the Wizards' designated player, meaning the team can't sign any of their current players, such as Bradley Beal or Otto Porter, to a five-year extension when their rookie contracts expire. It will also make Wall the only NBA player under team control through 2019. The exact amount the Dan Fegan client will earn won't be known until next summer, but James Harden's similar max deal is worth about $78.78MM. So assuming the maximum salary increases a little again next July, $80MM is a reasonable estimate for Wall.

Wall, 2010's first overall pick, hasn't yet developed into the superstar many were expecting, but had his best run as a pro during the second half of 2012/13. In his final 26 games of the season, the 22-year-old averaged 22.7 PPG, 7.8 APG, and 4.8 RPG to go along with shooting percentages of .465/.344/.796. While the deal certainly isn't without risk, it's a risk the Wizards believe they have to take, as Lee wrote earlier today.

With Emeka Okafor's and Trevor Ariza's contracts set to expire next summer, the team will still maintain some cap flexibility even as Wall's new deal takes effect. If Wall earns a salary in the ballpark of $14MM in the first year of his extension, the Wizards should still only have a little over $50MM on their books for 2014/15.

Although Wall is set to become the first player from the 2010 draft class to ink a long-term extension, there are still plenty of eligible candidates. DeMarcus Cousins, Paul George, Eric Bledsoe, Derrick Favors, and Larry Sanders are among the other players expected to engage in extension talks this offseason, if they haven't already.

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John Wall Close To Max Contract Extension

July 30th, 2013 at 11:44am CST by Michael Pina

JULY 30TH, 11:44am: Wall's max extension remains on track to be completed by the end of this week, according to ESPN.com's Marc Stein. Stein tweets that the team originally targeted a date of August 1st for a press conference, but it's not clear if that's still the goal.

JULY 25TH, 12:25pm: The Wizards and Wall aren't expected to finalize an agreement until at least next week, says Michael Lee of the Washington Post.

JULY 24TH, 9:47pm: John Wall and the Wizards are closing in on a five-year, $80MM maximum contract extension, according to ESPN.com's Marc Stein and Yahoo! NBA reporter Adrian Wojnarowski. The deal will make Wall Washington's designated franchise player, which allows a fifth year on the deal, as opposed to four.

The deadline on such an extension is October 31st, but the Wizards and Wall appear to be closing in much earlier than that. Wall is 22 years old and is entering his fourth season next year. The former number one overall pick has yet to lead his team to the playoffs, and is coming off an injury shortened campaign last year.

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Eastern Notes: Wall, Cartier Martin, Antic

July 25th, 2013 at 7:47pm CST by Ryan Raroque

SB Nation's Tom Ziller isn't totally convinced that the Wizards need to offer a maximum contract to John Wall this summer, pointing out that at worst, he'd be no more expensive to retain as a restricted free agent one year from now. He mentions Stephen Curry and Jrue Holiday as perfect examples where their respective teams were able to get good discounts by negotiating early extensions, but in Washington's case, offering a max extension now would eliminate potential negotiating leverage next summer in the event that Wall has a subpar season in 2013-14. Though Ziller understands why Wall deserves a maximum contract now, he argues that there'd be little risk and tangible potential benefit in waiting until next year to offer that type of deal.

Here are a few more news and notes out of the Eastern Conference:

  • In addition to their interest in free agent center Greg Oden, the Heat are also keeping their eye on Mo Williams, says Alex Kennedy of Hoopsworld. 
  • Emiliano Carchia of Sportando passes along a report that Cartier Martin is close to a deal with Olympiacos (hat tip to Eurohoops). The 28-year-old swingman spent last season with the Wizards. 
  • Chris Vivlamore of the Atlanta Journal-Constitution tweets that new Hawks addition Pero Antic had previously passed up an offer to join the Magic in 2008. 
  • After bringing back Kenyon Martin, the Knicks are still in the market for one more point guard and possibly another big man, notes Newsday's Al Iannazzone. 
  • Josh Newman of SNYNets.com reports that Brooklyn forward Tornike Shengelia will have surgery next Wednesday to repair a damaged meniscus in his left knee and will most likely miss the FIBA Eurobasket Games in September at the very least. 
  • With the departure of Mike Miller, Heat reserve James Jones is looking for an opportunity at an expanded role next season (NBA.com via the Associated Press). 
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Eastern Notes: Irving, Bulls, 76ers, Wall, Heat

July 23rd, 2013 at 4:01pm CST by Luke Adams

Speaking to reporters in Las Vegas, including Jason Lloyd of the Akron Beacon Journal, Kyrie Irving was dismissive of a recent report suggesting he wants out of Cleveland.

"I’m a Cavalier right now, I’m happy to be a Cavalier," Irving said. "I kind of had a sarcastic approach to [the report] because it was a rumor starter. I don’t think he knows anybody in my camp and I don’t know who the guy is. That type of stuff I don’t pay any attention to. Right now I’m a Cleveland Cavalier and I’m happy to be here."

Here's more from around the Eastern Conference:

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Wizards Rumors: Wall, Bynum, Haynes

July 15th, 2013 at 9:36pm CST by Zachary Links

Over the weekend, John Wall spoke with Michael Lee of the Washington Post about his expectations for the upcoming season. While many are wondering about his future with the Wizards, he claims that his focus will be reaching the postseason for the first time in his NBA career. Could he be headed to the negotiating table sooner rather than later? Here's more on that and other notes on D.C..

  • The Wizards have began talking with Wall's agent, Dan Fegan, regarding an extension before the regular season, according to J. Michael of CSNWashington.com. Wall will make $7.259MM this season and if he and the team don't reach a deal on an extension by October 31st, the Wizards have the option of extending him a qualifying offer of $9.698MM in the spring. The Wizards star believes that he is deserving of a max deal, but many in the basketball world do not agree.
  • Guard Will Bynum said that he had an offer from the Wizards and was drawing heavy interest from the Knicks and Clippers, but the Pistons were always his preference, tweets Keith Langlois of NBA.com. Detroit re-signed Bynum to a two-year, $5.75MM deal earlier this month.
  • Wizards summer league invite Marquez Haynes is impressing people in the organization, including assistant coach Sam Cassell, Michael writes. The guard had interest from other clubs this summer, including the Mavs and Jazz, but wound up with the Wizards' squad.
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Southeast Updates: Wall, Harrington, Bobcats

July 13th, 2013 at 9:36pm CST by Spencer Lund

Michael Lee of the Washington Post spoke with John Wall today about his expectations for this upcoming season, which will be Wall's fourth in the league. Wall was matter-of-fact about his focus for next season tell Lee (via Twitter):

"My whole goal is, this is my 4th year & I need to be in the playoffs. Nothing more & nothing else needs to be said about that.”

Wall will make $7.259MM this season with the Wiz and if he and the team don't reach a deal on an extension by October 31st this year, the Wizards have the option to extend him a QO of $9.698MM in the spring. 

Here are some more notes from around the Southeast division…

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Odds & Ends: Barea, Kenyon, Sampson, Copeland

July 6th, 2013 at 12:41am CST by Chuck Myron

Here's more from the NBA on an landmark night in free agency:

  • A Dallas source tells Darren Wolfson of 1500 ESPN Twin Cities that the Mavs' agreement with Jose Calderon likely knocks them out of discussions for J.J. Barea. Still, the Wolves remain upbeat about their chances of a Barea deal with the Mavs, in what would be a salary dump enabling Minnesota to clear money for a defensive-minded wing player (All Twitter links).
  • The Spurs have been one of many teams reportedly interested in Kenyon Martin, and now they're "in hot pursuit" of the veteran big man, though the Knicks and others remain in play, tweets Jared Zwerling of ESPNNewYork.com. 
  • Ric Bucher of 95.7 The Game heard that Rockets assistant coach Kelvin Sampson wouldn't return to the team, but Sampson tells Mark Berman of Fox 26 Houston that he'll be back in Houston. (Twitter links). "That's just a bad rumor," Sampson said. "I'm looking forward to a great year with the Rockets."
  • The Pacers and Chris Copeland discussed a third year that would have been a team option, but settled instead on their two-year, $6.12MM agreement, writes Jared Zwerling of ESPNNewYork.com.
  • Marcus Thompson of the Bay Area News Group briefly looks at what the Warriors could do with the trade exceptions they'll acquire as part of their deal with the Jazz. He also hears that the W's see Andre Iguodala as capable of handling backup point guard duties, so the team will prioritize finding a backup center over a backup point guard (Sulia link).
  • In a separate piece, Thompson recounts the steps Iguodala took on the way to his agreement with the Warriors, noting that Iggy has long considered Golden State a desirable destination. 
  • Lately, agent Dan Fegan has been preoccupied with other free agent clients, such as Dwight Howard, so he and the Wizards have yet to begin discussing an extension for John Wall, writes J. Michael of CSNWashington.com. Wall is extension-eligible this season, and will hit restricted free agency next summer if he and the Wizards don't strike a deal by Halloween.
  • In an interview with DraftExpress.com, Dario Saric suggests that the Mavericks were interested in making him a promise at No. 13 had he not withdrawn from last week's draft.

Luke Adams contributed to this post.

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