In October 2012 the Wizards exercised the fourth-year contract options on John Wall, Trevor Booker, and Kevin Seraphin while picking up the third-year contract options on Jan Vesely and Chris Singleton. That means that Wall, Booker, Seraphin, Vesely and Singleton are all signed through the 2013-14 season.
Some time in October this year, the Wizards will have decisions to make: Which players will they keep for the 2014-15 season?
Obviously John Wall will be retained. My thoughts are that the Team and Wall will come to an agreement on an extension some time this Summer and John will be signed to an extension starting in 2014.
Booker and Seraphin, like John Wall, are at the end of their Rookie contracts - if the Wizards don't negotiate a contract extension, the Team can either extend a qualifying offer or allow the players to become Unrestricted Free Agents. The qualifying offer for Trevor Booker is $3,420,443 ..... and the qualifying offer for Kevin Seraphin is $3,898,693. The qualifying offer is usually a last resort after negotiations for an extension have not resulted in a new contract. (Remember Nick Young?)
Vesely and Singleton are a bit different. The Wizards can either pick up their 4th year options, or not. If they do pick up the options, Vesely would be scheduled to make $4,236,287 in the 2014-15 season and Chris Singleton would make $2,489,530. (Contract numbers courtesy Hoopsworld)
Between them, Singleton, Vesely, Booker and Seraphin represent about $14 Million in salaries for 2014-15
The question for the Bullets Forever community is: Which of the four young forwards should the Wizards retain?