The wizards and Bradley Beal have agreed to a five-year, maximum-wage contract that keeps the observatory in DC, Agent Mark Bartelstein tells ESPN’s Adrian Wojnarowski (Twitter link†
Beal’s new contract will pay him $251,019,650 over the five years. The highest amount a rival team could have bid would have been $186,1100,778 in four years.
Beal has turned down his $36.4 million player option for 2022/23 to become an unlimited free agent and maximize his earnings. He indicated in both March and May that he was leaning towards a new signing with the Wizards, so the news is expected.
The 29-year-old missed the last 33 games of the season due to an injured left wrist. He recently said the recovery process is going well and estimates that 80-90% of his range of motion has returned.
Beal, a three-time All-Star, has been the subject of trade rumors for years, but has remained loyal to Washington. Now that loyalty has paid off. He will have the chance to play a full season with Kristaps Porzingiswhich was acquired for the first time next season on the February trading deadline.
Beal finished second in the NBA by scoring in both ’19/20 and ’20/21, averaging over 30 PPG in each season, but slumped slightly to his lofty standards last year, averaging 23 .2, 4.7 RPG and 6.6 APG in 40 games (36 MPG). A potentially alarming statistic is that Beal’s three-point percentage has fallen each of the past three seasons, with a career low of 30% in ’21/22, although his 6.6 assists per game represented a career high.
Beal’s contract pays him through his 33-year season, after which he becomes a free agent. Given his mediocre defense, it’s reasonable to doubt he’s worth more than $57 million in ’26/27, but there was never any doubt that he’d get a maximum contract this summer.