John Wall agrees to four-year, $170 million contract extension with Wizards

CLOSE

John Wall and the Wizards have agreed on a four-year, $170 million contract extension that will keep the All-Star point guard in Washington through the 2022-23 season.
Time Sports

Washington Wizards All-NBA guard John Wall has agreed to a four-year, $170 million contract extension with the franchise, two people familiar with Wall’s decision told USA TODAY Sports.

They requested anonymity because they were not authorized to speak publicly until the deal is official.

The extension will kick in starting with the 2019-20 season, and including the next two seasons, Wall is scheduled to make $207.2 million through 2022-23. There is a player option on the final year of the extension.

Because Wall made the All-NBA third team in 2016-17, he was eligible to receive 35% of the salary cap under the designated veteran player extension.

MORE NBA:

The Wizards didn’t need to make the extension offer, but in good faith and in their appreciation of Wall’s production, they made the offer two weeks ago. Had Wall declined the extension, there was no guarantee he would have met the criteria for the designated veteran player extension after the upcoming 2017-18 season.

The Wizards finished 49-33 last season and now have their top three players — Wall, Bradley Beal and Otto Porter — locked up through 2020-21. Porter just signed a four-year, $106 million contract, and Beal signed a five-year extension last year.

NBA.com first reported the agreement.

Follow Jeff Zillgitt on Twitter @JeffZillgitt.