Washington Wizards

Wizards announce contract extension for John Wall

The Washington Wizards have signed John Wall to a $170 million, four-year contract extension that begins in 2019-20.

Team President Ernie Grunfeld announced the completion of the deal Wednesday. Wall said in a video posted on Twitter on Friday that he had agreed to the extension.

Wall's deal includes a player option for the final season in 2023-24.

Owner Ted Leonsis said extending Wall gives the Wizards stability for years to come. The team also matched a $106.5 million, four-year offer sheet that forward Otto Porter Jr. signed with the Brooklyn Nets and has guard Bradley Beal signed through 2020-21.

Wall, a four-time Eastern Conference All-Star, is the third...

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