The Washington Wizards and point guard John Wall have reached an agreement on a five-year deal worth $80 million. Washington will formally announce the deal in a press conference on Thursday.
“Since drafting John with the first overall pick, we have been impressed with his maturation, hard work and commitment to our franchise,” Wizards owner Ted Leonsis said. “He 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. We are extremely confident in his leadership abilities and are excited to see the continued improvement of the team.”
— Relativity Sports (@RelativitySport) July 31, 2013
“Words can’t explain how blessed and happy I am! I want to thank my owner Mr Ted Leonsis, GM Ernie Grunfeld and the whole
@WashWizards staff!” tweeted Wall on Wednesday.
Wall’s deal will begin at the start of the 2014-15 season, the Washington Post reported.
Wall averaged 18.5 points, 7.6 assists and 4.0 rebounds after his January return while shooting a career-best 44.1 percent from the field.