With Kevin Durant no longer a concern, the Wizards were able to move quickly to secure terms with restricted free agent Bradley Beal for the max – five years, $128 million – early Friday, league sources tell CSNmidatlantic.com.
The deal is fully guaranteed with no opt-outs.
Going into the first day of free agency, the Wizards were determined to square away their shooting guard despite his length history of injuries. He has had four consecutive seasons of stress reactions in his lower right leg but they haven't progressed to season-ending/career-threatening fractures.
Terms can't be made official until July 7, when the 2016-17 salary cap is set following an audit of league finances. The number is projected to be in the neighborhood of $94 million with a $111 luxury tax level.
The Wizards will wait longer to sign on the dotted line with Beal. This is because he's their own free agent (they extended him a $14.2 million qualifying offer Wednesday to keep him restricted), so they can use what's called his Bird rights to exceed the cap to keep him in that space between the cap and the tax.
This gives them more money to spend on other free agents and re-signings.