Report: Wizards to offer Bradley Beal five-year max contract on July 1
Bradley Beal isn’t messing around when setting his value in free agency this summer.
Apparently, the Wizards agree.
This is a smart move.
Washington could let the market dictate Beal’s price, but with the salary cap skyrocketing, it’s bound to come in at a max salary anyway. By offering him a max deal on day one, the Wizards can get Beal on board with re-signing when the time is right.
Beal’s cap number will be $14,236,685 until signed or renounced. Once signed, his 2016-17 salary will become his cap number, and the max projects to be $21,579,000. So, Washington could spend the difference (projected to be $7,342,315) then exceed the cap to re-sign Beal using his Bird rights.
Beal could get impatient and interrupt those plans, but why would he sign a max offer sheet elsewhere (projected to be worth about $92 million over four years) that the Wizards will surely match if he can just re-sign directly and get about $124 million over five years? Washington is trying to ensure he doesn’t find a reason.