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Beal, Wizards Agree on Max Contract
Friday, July 1
Jeff Goodman of ESPN tweeted the deal is "done," citing sources. "Worth about $130 million over five years," he added. Agent Mark Bartelstein later confirmed the agreement to Adrian Wojnarowski of The Vertical.
Beal can't officially sign his deal until the league's moratorium is lifted July 7. And that's key because the order in which the Wizards sign their free agents will have a bearing on how the team approaches other prospective additions.
According to ESPN.com's Zach Lowe, the Wizards "can sign Beal last, keep his lower cap hold on the books and have about $30 million in space to use in between."
Furthermore, Marc Stein of ESPN noted that having Beal's deal verbally agreed upon would allow the team to "go out and try to make a deal with an Al Horford or a Ryan Anderson or a Nic Batum before making Beal's deal official."
Beal's price tag may seem steep on the surface, considering he's suffered stress reactions in his leg over the past two seasons, which have forced him to miss 46 games during that span. However, the former No. 3 overall pick just turned 23 years old Tuesday and still has plenty of room to grow.
Plus, Beal is an established marksman who has drilled 39.7 percent of his three-point attempts through his first four professional seasons.