As he has at nearly every turn, he continues to prove his loyalty to Washington is more than just words.
Beal, as expected, is re-signing on a five-year max contract worth more than $251 million.
Adrian Wojnarowski of ESPN:
All-Star guard Bradley Beal has agreed to a five-year, $251 million maximum contract to stay with the Washington Wizards, his agent Mark Bartelstein of @PrioritySports tells ESPN.
— Adrian Wojnarowski (@wojespn) June 30, 2022
Beal’s exact salaries:
- 2022-23: $43,279,250
- 2023-24: $46,741,590
- 2024-25: $50,203,930
- 2025-26: $53,666,270
- 2026-27: $57,128,610
- Total: $251,019,650
This is a pivotal outcome for the Wizards. By keeping him past last trade deadline, they risked him walking for no return in unrestricted free agency – which would’ve devastated the franchise. Beal was connected to the 76ers and Heat. (Though an opt-in-and-trade or sign-and-trade would’ve been possible, those typically yield lesser returns.)
Now, Washington locks in its franchise player and moves forward in a position of greater strength.
The Wizards have butted against a modest ceiling with Beal as their leading star. They’ve had four straight losing seasons (though made the 2021 playoffs). With Beal on such a large contract, Washington will have a tough time significantly upgrading his supporting cast.
But Beal retains tremendous trade value on this long-term deal. If they ever want to take a step back to chase a higher upside, the Wizards are in better position because they have Beal locked up.
Beal and the Wizards clearly share a Plan A of trying to win together. This deal allows them to continue that pursuit.
It also ensures, even if their partnership goes south, Beal secures a massive payday and Washington retains a prime asset.