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Report: Wittman agrees to new deal, press conference set for Wednesday

The Washington Wizards' long-rumored three year extension for Randy Wittman is set to be announced by the team Wednesday.

Brian Spurlock-USA TODAY Sports

For a week now, it's been fairly clear that Randy Wittman would return as the Washington Wizards' head coach. The only thing missing was Wittman's signature on his new deal. According the Michael Leethe deal is now done:

A news conference announcing the deal is scheduled for Wednesday.

The Wizards have not disclosed the terms of the agreement, but Wittman will reportedly receive a three-year deal worth about $3 million per season. A person who has been in contact with the Wizards said the third season will be a team option.

The contract extension for Wittman is similar to the extension Dwane Casey received for leading the Raptors to the playoffs this season.

The team option for the 2016-17 season sets up an interesting scenario for the Wizards. If things don't work out in the next two seasons, the Wizards have plenty of flexibility heading into the summer of 2016. They could use the cap space created when Nene's contract is finished to sign a star to a big deal, give him the flexibility to pick out his own coach, and even use Bradley Beal as trade bait (if he really wanted to) before his rookie extension would likely begin in 2016-17. The situation isn't much different from the scenario this year. If things had not worked out, the Wizards could have said farewell to almost everyone other than John Wall, Bradley Beal, Otto Porter and Nene this summer.

Of course, we're not trying to imply the Wizards might be keeping their options open for a run at Kevin Durant when he becomes a free agent in 2016. But if nothing else, they're not shutting the door either.

So there you have it. A Randy Wittman update that's almost all about Kevin Durant. Isn't basketball great?