Report: Wizards, Bradley Beal agree to 2-year, $72 million extension

The Washington Wizards and All-Star Bradley Beal have reportedly agreed to a two-year, $72 million extension to his current contract, according to ESPN’s Adrian Wojnarowski.

The extension would kick in with the 2021-2022 season and includes a player option in 2022-2023. Beal, 26, is guaranteed to make nearly $130 million over the next four years.

This extension gives Beal a path toward NBA history. According to Woj, Beal could decline that player option in 2022 (as is his right when he reaches 10 years of NBA service) and re-sign with the Wizards for a staggering five-year, $266 million contract. That would be the richest contract in NBA history, and $68 million more than he would get if he decided to leave the Wizards to sign with another team.

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Bradley Beal has committed to the Washington Wizards for another two years. (Photo by Emilee Chinn/Getty Images)
Bradley Beal has committed to the Washington Wizards for another two years. (Photo by Emilee Chinn/Getty Images)

The Wizards lost in the first round of the playoffs in 2018, and then turned in a 32-50 season in 2018-2019. Woj reported that Wizards owner Ted Leonsis spent months persuading Beal that he had a plan to get the Wizards back into contention. The campaign proved successful — Beal’s agent has said that there’s nowhere else Beal wants to be.

This is a huge blow to the free-agent market, though. Beal was one of the most promising young stars coming available, and could have helped a team looking for one final difference-maker to put it over the top. But Beal got what he wanted: a huge extension, and to stay in Washington. Now he’s even got a chance to make NBA history — and a whole lot of cash.

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