The 26-year-old is also hoping to remain eligible to re-sign with Washington on a five-year, $266 million once he reaches 10 years of service in the NBA in 2022. If he chooses to leave with another team at that time, the deal would be for up to four years and $198 million.
The Wizards have been attempting to convince Beal that their rebuild is on the right path, and the superstar has agreed to be their man to lead them in to their next potential era. He is the second star to stay on with Washington, as John Wall still has four years and $171 million left on his contract. Although, the point guard is expected to miss the entire 2019-2020 season with a ruptured Achilles.
Beal was drafted third overall out of Florida in the 2012 NBA Draft, and is coming off his best season statistically in the NBA. The 2018-2019 campaign saw him average 25.6 points, 5.5 assists, 5.0 rebounds, and 1.5 steals per game. The two-time All-Star has seen some success with the Wizards, reaching the playoffs on four separate occasions. He is hoping to stick around long enough to see at least one more run like that with this organization, but that type of success might still be years in the future for the team in our nation's capital.