The Washington Wizards have agreed to a contract extension with point guard John Wall, the team announced Wednesday.
According to multiple reports, Wall signed a five-year extension worth $80 million. The Wizards will formally announce the signing at a Thursday news conference.
“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.”
Wall’s deal will begin at the start of the 2014-15 season, the Washington Post reported.
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