Bradley Beal has agreed to extend his deal for two years on a $72 million maximum contract. Beal's extension, which will begin with the 2021-22 season, includes a player option for 2022-23 that keeps him out of free agency for two more seasons (three if he takes the player option) and guarantees him nearly $130 million over four years.
As reported by Woj, Beal was at the top of everyone's wishlist as a trade target this season. Playing for a dysfunctional Wizards team, with an injured John Wall on a max contract, the Wizards don't have much room for improvement for the foreseeable future. They look like a perfect candidate for a rebuild, which would start with trading Beal for a king's ransom. This extension makes it less likely to happen.
There is still a chance Beal gets traded, it remains to be seen how competitive the Wizards can be in the East this year. But, as he was on his final year, a sign-and-trade made a deal more likely. If you trade for him now, you are getting Beal for two years and potentially a third if he takes the player option.
Beal's agent Mark Bartelstein said Bradley told him he wants to make it work in DC. This deal also enables Beal to become a free agent after his 10th year in the league when he will be eligible for a five year $226 million from the Wizards or $240 million from any other team.