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NBA rumors: Bradley Beal expected to sign $248 million max extension with Wizards this summer, per report

The All-Star guard has a player option for next season, but can opt out and make more money with a new deal

For many years, many have speculated about Bradley Beal’s potential with the Washington Wizards. It seems like he will go at any moment due to trade and free agency rumors, but he never actually does. This summer seems to be going to be more of the same.

Beal has a player option worth $36.4 million for the upcoming season, but it’s assumed that he’ll choose to forego it and sign a new, long-term contract. Whether it would take place in Washington or somewhere else was the key question. According to ESPN’s most recent information, it will be the former:

“Even if Beal simply re-signs with the Wizards, he can increase his 2022-23 salary to the projected max of $42.7 million. Per [Adrian] Wojnarowski, Beal is very likely to decline the option and re-sign with Washington on a five-year deal worth a projected $248 million that would take him through age 33.”

The Athletic reported last week that Beal had already made up his mind but had not yet decided to share it. That fits with his remaining in Washington, D.C. Although clubs frequently violate the league’s tampering regulations, mid-June would be a very early stage in the free-agent signing period for Beal to have reached an agreement with a new team. Additionally, Beal will be able to earn more money by remaining with the Wizards this summer because there aren’t many clubs with real max salary room.

Beal provided some insight into his decision-making process during an interview with Taylor Rooks of Bleacher Report earlier this summer, noting both family considerations and success as driving factors.

“Obviously, I consider my family,” Beal said. “What do they wanna do? Where do they wanna live? What are they comfortable with? And, obviously, the team. So, it is surreal in a lot of ways to be in the position I am in. It is crazy numbers. It is what it is. It’s uncontrollable. It’s out of my control. But I’m blessed to be here. Again, I don’t shy away from that. I take it on with a full front and I have to do what’s best for me. There is a little anxiety because I have to make the decision and time is counting down. We’re in June now. But it’s fun to be in this position.”

“I know what my decision will be based off of, and that’s gonna be where I feel like I can win. That’s going to be my decision. If I feel like I can win in DC, that’s what I’m gonna do. I want people to respect that.”

You have to applaud Beal’s dedication to the team when it comes to attempting to win in Washington. The Wizards should have a strong team with a healthy Beal, Kristaps Porzingis, Kyle Kuzma, and three lottery choices in Johnny Davis, Deni Avdija, and Rui Hachimura. The expected ceiling, though, is competing for one of the remaining Eastern Conference playoff positions rather than creating any significant noise.

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