ESPN’s Marc Stein reports that the two sides are in negotiations and a deal could be struck at the turn of next month.
The Washington Wizards are in advanced talks with star point guard John Wall on a contract extension expected to be in the five-year, $80 million range, according to sources close to the process.
Sources told ESPN.com that the sides are closing in on the final terms and are on course to have a signed agreement by Aug. 1.
While the Wizards haven’t been able to break 30 wins in any of the seasons since drafting Wall, they’re coming off the most successful season with him. Since he’s one of the only highlights on a very bad team, it only makes sense to lock him in and build around him and finally move on from the disaster that was the Gilbert Arenas era.
In his career, the star point guard is averaging 16.9 points, eight assists, and 4.4 rebounds per game.