Washington Wizards President Ernie Grunfeld announced today that the team has re-signed guard Bradley Beal. Per team policy, terms of the deal were not disclosed.
“Bradley has proven himself as one of the top young shooting guards in the league, and we feel that he has the potential to rise to an elite level as he enters the prime of his career as one of the cornerstones of our team,” Grunfeld said. “He is an outstanding member of the community and a great example of the type of player and person we want to represent our franchise.”
Adrian Wojnarowski: Bradley Beal has agreed to a five-year, $128M-plus max contract to stay with the Wizards, agent Mark Bartelstein tells @The Vertical.
J. Michael Falgoust: Beal's deal is completed, league sources tell @CSNMA. ... 5 years, $128M ... Fully guaranteed. No early out #WizardsTalk @CSNWizards
Tim Bontemps: Can confirm Adrian Wojnarowski's report on Wiz/Beal progressing on five-year max with no options. Was always the most likely outcome.
The Vertical: Adrian Wojnarowski: Bradley Beal, Wizards nearing five-year, $128 million maximum deal
David Aldridge: Wizards, moving on from Kevin Durant, will try and hammer out framework of new deal for Bradley Beal tonight. Max would run five years, $133M. Agreement on framework would allow Wizards to pursue other free agents with existing cap space, then officially re-sign Beal.
Marc Stein: Like David Aldridge says: All signs point to the Wizards being prepared to come to a verbal agreement with Bradley Beal on a five-year max and then the Wiz can go out and try to make a deal with an Al Horford or a Ryan Anderson or a Nic Batum before making Beal's deal official.
The Wizards went through the first step to retain Bradley Beal this offseason, making him a $14.2 million qualifying offer last night to keep him a restricted free agent so they can have the first right of refusal, league sources confirm to CSNmidatlantic.com. The expectation is that once the roster is retooled using their $30 million in cap room, the Wizards will then sign him to a max deal by exercising Beal's Bird rights which is an exception that allows the team to exceed the cap to retain its own free agent.
Marc Stein: More Wiz news: Sources say Washington and restricted free agent guard Bradley Beal intend to "quickly" enter negotiations on a new contract.
Dudley said since mega free agency is a low-percentage play, teams like the Wizards need to focus on drafting well, developing their young pieces and then trading assets for a star player. But he also said the Wizards have a good chance to land some type of star player in free agency; “not an all-star, but right underneath that,” he said. “And I think that they have another all-star on their team in Bradley Beal.”
Barring a drastic development, Beal won’t have to shop around. The Wizards are expected to offer Beal a five-year deal for the maximum amount allowed under the salary cap as soon as the free agent negotiating period kicks off on July 1, according to people with knowledge of the situation. Based on the $92 million salary cap projection teams are working with, a max contract would pay Beal $23 million next season because he could earn up to 25 percent of the cap amount as a four-year veteran.
Toronto Raptors center Bismack Biyombo, a backup the entire regular season who is making $2.8 million for 2015-16, will surely opt out of his contract this summer and land a deal worth at least $16 million per year because of his breakout postseason, according to a league source. According to Hoopshype.com, Biyombo, a defensive and rebounding stalwart with a limited offensive skill set, is the 23rd-best potential free agent on the market this summer. Beal is ninth on that list, which includes players with contract options, such as all-stars LeBron James and Andre Drummond, who are not expected to test the market.
Beal’s age also increases his value. He will turn 23 on June 22, and NBA players typically peak between the ages of 26 and 28. He is the youngest player on HoopsHype’s list of the top 50 free agents by nearly a year, younger even than a few players who will be selected in next month’s NBA draft. Virginia point guard Malcolm Brogdon, for example, is more than seven months older than Beal. Furthermore, the free agent pool at shooting isn’t deep beyond Beal, DeMar DeRozan and Dwyane Wade.
In talking to multiple persons with knowledge of the situation as recent as Wednesday afternoon, the Wizards remain determined to keep their core intact which means Beal stays put with John Wall, Markieff Morris, Marcin Gortat, Kelly Oubre and Otto Porter.
The good news for the Wizards is that Beal has significant incentive to wait them out. If he's to sign a maximum contract with another team, he is only entitled to 4.5 percent raises on a four-year contract, taking the deal to a total of approximately four years, $91.7 million given current estimates (again, dependent on where the salary cap exactly falls, these figures are approximate). However, if he waits for the Wizards, the team can offer him 7.5 percent raises and a five-year contract worth approximately $123.5 million, including $95.6 million over the course of the first four seasons (note: as Beal's contract will expire in July, he is no longer subject to the designated player rule).
Beal reiterated he wants to stay in Washington in a telephone interview from Tokyo last week, but at the right price. That price is a maximum contract. “I want to be valued the right way. I feel like I’m a max player and that’s what I’m looking for. If Washington can’t meet that requirement then I may be thinking elsewhere. I’m pretty sure that they probably won’t [let me go]. At the end of the day, that’s where I want to be. I think a deal will probably get done but you just never know,” Beal, 22, said from Japan, where he visited as part of a promotional tour for the NBA and attended a playoff viewing party with fans.
Beal said he’ll begin his offseason workout regimen at the beginning of June and it will include more weight lifting than in previous summers. From there, his future isn’t as clear but he prefers a return to Washington. “I want to be” in Washington,” Beal said. “I do. It just comes down to July 1st. I want to think about it a little bit, but this has been home for me. It’s great to have our core back and a new coach. So things are changing. It’s just up to me and the front office to get it done.”
If Beal does return to the Wizards, he’ll have a new coach in Scott Brooks, who replaced Randy Wittman. Despite Beal’s contract status, the two met for lunch in Los Angeles recently. “It was a good move. In some ways he’s similar to Witt,” said Beal, who was not consulted during the coaching search. “He allows his players a lot of freedom on the offensive end but he’s a defensive-minded coach. I got to pick his mind a bit and he’s great. I got a great feel for him. He’s really a player’s coach. He loves to be hands-on. He loves to develop guys and get his guys better. On top of that, he’s a proven coach. He’s shown that he can win and he’s shown that he can get his players to the finals. That’s exciting. It’s great to be in a situation to have a coach with that experience. He’s been there before. We’ve been in the playoffs, too. So put those two together and hopefully we make something work.”
Washington has around $44.3 million committed to Wall, Gortat, Morris, Porter and Oubre next season, and has to keep just under $22 million available to start a potential max deal next year for Beal, a restricted free agent. (Both sides are hopeful to work out a new deal in July.) That works out to around $90 million for nine players. The salary cap is currently projected at around $92 million.
J. Michael Falgoust: Bradley Beal on pending free agency: "Its like college again" #WizardsTalk @CSNWizards
Amin Elhassan, a former front-office executive for the Phoenix Suns and currently a front-office insider for ESPN, spoke to D.C.'s ESPN 980 AM about Beal on Thursday. He was asked if Beal is/will be a max player when free agency opens July 1: "That question is going to be so irrelevant July 1 because there are 20-plus teams that are going to have max space, 20-plus million dollars. It doesn't matter if you say, 'Well, I don't think so.' You wait long enough. I was talking to a front office executive from a team about a week ago and I said, 'Oh I can't wait for July 16.' He said, 'What do you mean July 16?' I said, 'We know all the good deals will be done in the first couple weeks but July 16 that's when the lights come on in the club and you're looking for anything to go home with. These teams are going to be throwing money at whoever has a pulse. Even if you don't think Bradley Beal is a max deal player, give it a week. I guarantee you he'll be a max player somewhere."
Amin Elhassan: "I lived it. We had Amar'e Stoudemire in Phoenix. He had great years here, all-NBA years here, All-Star years next to Steve Nash. We offered a $100 million deal that was partially guaranteed. When I say partially I mean about 75 percent guaranteed. It was a good deal and a smart deal on our part because he had a medical history and what happened? The Knicks said, "We'll give you all 100 (million). One-hundred percent guaranteed. And Amar'e left. After the fact he said, 'I really really wanted to stay but I'm not going to pass up guaranteed money.' I think the same thing will happen if you play around with Bradley Beal. ... Someone out there does not care. Someone out there will pay him that money."
Then there's that Gainesville connection again. The Wizards will pursue Durant, and though the idea is to sign both Durant and guard Bradley Beal, very little has gone right in Washington this year and that could lead to an utter tear-down. Beal is a restricted free agent and spent a year in Florida, so Washington could match offers to keep him, but his injury history is frightening — perhaps even for the Wizards themselves. Still, his talent could make him worth a gamble for a team like Orlando.
Teams with an eye on Beal, a restricted free agent this summer, have expressed caution. “He’s one of the best pure shooters in the league,” a general manager told The Vertical, “but I’m scared of him.”
The setback comes six weeks after he and the Wizards agreed to table contract discussions until next summer, when he becomes a restricted free agent. Washington offered Beal a contract extension before the Nov. 3 midnight deadline for first-round picks on the final years of their rookie deals, but Beal sought a maximum contract, which would have paid him a projected $20.9 million over four seasons. The Wizards, however, want as much salary cap space as possible and not signing Beal to the extension gives them nearly $7 million more to sign free agents because his cap hold will be $14 million instead of $20.9 million. As a result, they elected to wait to give Beal max money. Though Beal’s recurring injuries are a concern, he is expected to still attract a max contract given his skill set, age, and influx of television money that will infiltrate the free agent market.
“I’m still going to come back from this,” Beal said. “I’m not going to let this just keep me down or worry me too much. I’m still confident in who I am and the type of player I am. And the GM and the rest of the organization knows what I’m capable of doing, too. So hopefully they won’t use this against me come next summer.”
This is part of the reason why the Wizards have hesitated to commit to Beal long-term with a four-year max extension. If it's fully guaranteed and his injuries get worse, there'd be no out. At the very least, they needed an early-termination clause. Financially speaking, the Wizards were wise to wait because they'd have fewer dollars available under the salary cap in 2016 by signing Beal to an extension last month. Even if they eventually opt to max him, by waiting there would be more money allotted because they could exercise Bird rights to retain their own free agent after filling all of the other holes on the roster that could be as many as seven. Bookkeeping-wise, the Wizards had to wait because it was the smart thing to do regardless of Saturday's news.
"This is where I want to be. I'm not looking at any other teams. I'm not looking to go anywhere else. I believe in this team we have in this locker room. I'm a big cornerstone of this team, so I'm here. I want to be here. Hopefully, the front office knows that. I'm pretty sure that they know that," Bradley Beal told Yahoo Sports.
"It's a business at the end of the day. I can't let that affect the way I play, nor will I ever let it. It's money at the end of the day. And I just want to go out here and play my butt off, each and every night and get what I deserve. Earn every penny that I get. If that's the max, then it's the max. And if it's not, it's not. At least I can look at it and say I gave it my all," Bradley Beal told Yahoo Sports.
"That's the goal. Obviously, that's the goal," Beal told Yahoo. "I trust what they're doing. I understand what they're doing. I have no [anger] toward [team president] Ernie [Grunfeld] or anyone else in the organization. I know at the end of the day, this is where I'm going to be and hopefully that I continue to be here. I don't even worry about it. I'm worried about this season and controlling what I can control. I'm not in there arguing back and forth with Ernie like, 'I need this!' I'm just out here playing and doing what I do and letting my game speak for itself."
Thusly, Beal will become a restricted free agent in July. “Bradley is a huge part of what we’re trying to do here,” Wizards General Manager Ernie Grunfeld said. “We see him as a key piece to our future and we’ll resume negotiations next summer.”
Jorge Castillo: The Wizards, btw, did make Beal an offer. But it wasn't for the max and that's what Beal wants. And if you don't think Beal will get the max next summer go take a look at the contracts signed over the summer. The money is out there.
David Aldridge: Wizards, per sources, won’t extend @Bradley Beal before deadline. Still hope to sign impact FA in July, then re-sign Beal, who’ll be RFA.
Probably the most interesting case when it comes to the Monday deadline is that of Wizards guard Bradley Beal. A person with knowledge of the situation told Sporting News that the Wizards fully intend to keep Beal and lock him up with a max contract — despite Beal’s troubles staying healthy — but they want to wait until next summer.
The reason is obvious: Washington will be among the teams trying to lure Kevin Durant from the Thunder. Durant grew up in the D.C. metro area and, should he be willing to leave Oklahoma City — still a very open question — the Wizards would be considered a favorite to sign him. They could do so if they order the contracts the way the Spurs did with Aldridge and Leonard, with Durant first signing, then with Beal’s contract coming after.
July 2, 2022 | 12:32 am EDT Update
The LAPD posted on Twitter that Bridges was arrested for “intimate partner violence with injury,” a felony, on Wednesday following an incident two days earlier in West Los Angeles, and he was booked on a felony domestic violence warrant. He was released on $130,000 bond and has a July 20 court date. The LAPD said it does not release police reports on domestic violence arrests.
Lee K. Howard: Tyler Ulis (@tulis3) returned to Lexington this week to host a skills camp. The former @KentuckyMBB All-American hasn’t walked in 5 months as he recovers from a serious car accident.
July 1, 2022 | 11:32 pm EDT Update
Justin Jackson scored 26 points, Langston Galloway added 18 and the U.S. men’s basketball team took another step toward qualifying for next year’s World Cup by topping Puerto Rico 83-75 on Friday night. John Jenkins scored 13 for the Americans, who improved to 4-1 in World Cup qualifying from the FIBA Americas region.
Tim Reynolds: Pelicans’ Jose Alvarado after Puerto Rico lost to the USA tonight: “Regardless of the outcome, this is a special moment in my life, for my family and the guys that have the jersey on with me. We’re making memories, we’re growing together and we’ve got a country on our side.”
Jim Owczarski: #Bucks video coordinator Nick Kellogg announced he’s headed to Columbus, Ohio to work as a special asst. with Chris Holtmann on the Ohio State #Buckeyes staff. Mike Budenholzer’s coaching & support staff continues to undergo changes this offseason.