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NBA Free Agency: Wizards to offer John Wall a four-year max extension, according to report

Boston Celtics v Washington Wizards - Game Four Photo by Patrick McDermott/Getty Images

The Wizards have offered John Wall a four year max extension using the Designated Player Veteran Extension, according to Brian Windhorst of ESPN.

Because Wall earned All-NBA honors this season, he’s eligible for the DVPE (otherwise known as the “supermax”) which allows him to sign a deal worth 35 percent of the cap for the 2019-20 season. Other teams would only be able to offer Wall 25 percent of the cap if he were to skip the extension and enter free agency in 2019.

The extension gives Washington a significant advantage when it comes to retaining their franchise star. However, Windhorst is reporting Wall will take his time to consider things before he makes a decision on whether or not to accept the extension:

Wall will sit down and discuss the offer with his agent and family over the next week as he considers whether to accept. Wall has two years and $37 million left on his contract, this deal would lock him in with the Wizards until 2022-23.

With a decision that could affect the rest of his prime years, Wall is taking a measured approach and will spend time vetting the decision.

If Wall does not accept Washington’s extension offer this summer, he would have to make All-NBA again next season in order to qualify for the DVPE in 2018. So if Wall passed on signing an extension and then missed out on All-NBA next season, he and the Wizards could find themselves in a very similar spot to where Paul George and the Pacers find themselves currently, where Washington has very little financial leverage to keep Wall around beyond the end of his current deal.

After years of missing out on big paydays because of being on the wrong side of the cap spike and some bungled shoe deals, Wall finally has a chance to get the monster payday he deserves. Let’s hope for his sake and Washington’s sake they agree to a deal this summer.