In a commitment carrying leaguewide ramifications, Washington Wizards All-Star guard Bradley Beal has agreed to extend his deal for two years on a $72 million maximum contract, agent Mark Bartelstein of Priority Sports told ESPN on Thursday morning.
Beal’s extension, which will begin with the 2021-22 season, includes a player option for 2022-23 that keeps him out of free agency for three more seasons and guarantees him nearly $130 million over four years.
Assuming that Beal, 26, declines his player option upon reaching 10 years of service in 2022 to re-sign with Washington, he would be eligible to sign the largest contract in NBA history: five years for $266 million.
To leave Washington in three years, Beal could sign a four-year, $198 million deal with a new team.
Source: Adrian Wojnarowski on Twitter