According to Adrian Wojnarowski or ESPN, the Wizards intend to offer Beal a three-year $111 million extension. Such an extension would be a measure of goodwill to the veteran guard who has held the fort in each of the last two seasons.
Adrian Wojnarowski: "Everybody in the league has tried to get at Bradley Beal. They are not trading him. He's eligible for a 3-year, $111 mil extension later in July. Right now, I'm told it's the team's intention to offer that up to him and try and keep moving forward with Beal." pic.twitter.com/SflCH2UiGs— Hoop District (@HoopDistrictDC) June 19, 2019
Though Beal certainly is playing at a high level, is it the right decision for him to “cash out” now? If he makes the All-NBA Team in 2019-20, Beal could earn a supermax that could earn him up to nearly $250 million as Neil Dalal of Hoop District pointed out.
Bradley Beal will be eligible for a 5-year, ~$250 million supermax extension if he makes All-NBA next season. https://t.co/pOUQGE1ZyW— Neil Dalal (@NeilDalal96) June 19, 2019
But even if Beal made the All-NBA Team with the Wizards in 2019-20, would he want to kick the can down the road with respect to his unrestricted free agency? Beal’s current contract expires after the 2020-21 season and the Wizards will probably not be particularly competitive with so much of the cap tied to John Wall and Ian Mahinmi next season.
The move also seems shortsighted by the Wizards. Yes, I understand that teams want to keep their best players. But now is also the best time to “cash in” on Beal, whose 2019-20 salary cap hit of about $27,093,018 seems pretty reasonable in today’s era where stars are earning much more than that.