The Wizards got an incredible year out of John Wall last season. He took another step forward to prove that he's one of the NBA's top point guards by leading Washington to within one game of the Eastern Conference finals. The Wizards saw what Wall did and are trying to make sure they keep him for a very long time.
According to Brian Windhorst of ESPN, the Wizards have offered John Wall a 4-year, $168 million extension to stay in Washington. Wall still has two years left on his current contract, but Washington is able to offer him an extension because he made last year's All-NBA team. This is the "supermax" contract everybody has been talking about.
"The Washington Wizards have offered John Wall a four-year contract extension for roughly $170 million but Wall will take some time to consider the offer, sources told ESPN.
The contract offer, known as "the supermax" as part of the new collective bargaining agreement, is possible because Wall made the All-NBA team this past season."
The Wizards are smart to try and lock in Wall as soon as possible. If Wall signs the extension then Washington will be able to have him under contract for the majority of his prime without fear of him leaving in free agency. However, Tim Bontemps of the Washington Post reported that Wall does plan on waiting out the summer before he makes a decision.
Wall's decision on his extension is crucial to the future of the Wizards. Let him make a decision on his extension and if he chooses to pass on it then Washington should at least be looking into trade possibilities. Wall has said he enjoys playing in Washington and respects the organization, but if he's passing up on that kind of money then there's a real possibility of him leaving in the future. Sometimes it's better to get ahead of that rather than waiting for the last possible second. This isn't the type of extensions superstars just pass on.