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Report: Wizards, Kristaps Porzingis talking contract extension

Washington Wizards v Philadelphia 76ers

PHILADELPHIA, PA - MARCH 12: Kristaps Porzingis #6 of the Washington Wizards in action against the Philadelphia 76ers during a game at Wells Fargo Center on March 12, 2023 in Philadelphia, Pennsylvania. The 76ers defeated the Wizards 112-93. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Rich Schultz/Getty Images)

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Despite the fact they are 34-42 and about to miss even the play-in, the Washington Wizards like their core of Bradley Beal, Kristaps Porzingis and Kyle Kuzma. The Wizards have a solid +4.6 net rating when all three of them are on the court together (via Cleaning the Glass), the problem is that alone has not translated to winning (they are 4-10 in games with all three but not Delon Wright at the point; however, that trio with Wright is 12-9, notes by Josh Robbins at The Athletic).

Washington wants to lock up that core. Beal got his max contract (complete with a no-trade clause), and the Wizards have made moves to re-sign free agent to be Kyle Kuzma this offseason (there reportedly is mutual interest). That leaves Kristaps Porzingis, who has a $36 million player option for next season, and the sides are talking extension, reports Shams Charania at The Athletic.

Porziņģis and the Wizards have been seriously discussing a new deal in which he would opt out of his $36 million player option for the 2023-24 season and sign a new long-term deal, according to sources. The Wizards can offer Porziņģis a maximum of four years and $180 million if he opts out for next year and extends his deal. The deadline to reach such an agreement is in late June.

The Wizards are not going to max out Porzingis. That makes the questions what salary number and how many years do they want to give a player with his injury history? Porzingis played 65 games out of 76 so far this season (they may shut him down with no realistic chance at the play-in), but is it realistic to expect that in future years? He also put up impressive stats this season: 23.2 points a game with a 62.7 true shooting percentage, 8.4 rebounds, 2.7 assists and 1.5 blocks a night.

This is likely a case where Porzingis agrees to take less than his opt-in figure per year for the security of multiple years and more guaranteed money overall. The Wizards will want a number that keeps him as a valuable trade piece if things don’t go as planned (with Beal, specifically) and they have to pivot to a rebuild. Which if they have another season like this last one is a growing possibility.