The Wizards haven't reached out to John Wall yet, but they expect to discuss an extension this summer with the four-time All-Star since he was named to the All-NBA for the first time in his seven-year career.
An extension with Wall will be the top priority of the offseason in which Otto Porter is also a restricted free agent, league sources tell CSNmidatlantic.com.
Wall signed a five-year, $80 million extension in 2013 when the salary cap was just less than $60 million. The 2013-14 season was the final year of his rookie scale deal and then the last three years have been part of the extension. He has two years left.
After the collective bargaining agreement was renegotiated and approved earlier this year, a Designated Veteran Player Extension was added. It's another mechanism to help teams retain their own free agents because they can offer significantly more money -- and an extra year -- than another team that doesn't hold his Bird rights.
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That All-NBA selection means that Wall, who averaged a career-high in points (23.1), assists (10.7), steals (2.0) and field-goal accuracy (45.1%), qualifies for 35% of the cap instead of the standard 30% max. Previously, a player was required to be in the league 10 years to be eligible for 35%.
Wall can add up to four years of an extension on the two years that he has left for almost $170 million.
From league sources close to the situation, Wall wants to see a bigger picture plan on where the franchise is headed before committing for longer. The Wizards won 49 games this season and advanced to the conference semifinals for the third time in four years.
The salary cap for 2017-18 is projected to be almost double of what it was four years ago at $101 million. Before settling on what to do with Porter's contract, the Wizards have to figure out if they can lock in their best player and go from there in the offseason.
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