JULY 10TH, 4:18pm: The Wizards have officially announced Webster's signing in a press release.
JULY 2ND, 1:57pm: The fourth year of Webster's deal will be partially guaranteed, tweets Wojnarowski.
1:42pm: Wojnarowski reports (via Twitter) that Webster's deal with the Wizards will be worth $22MM over four years. So my prediction that the four-year agreement would probably mean a lower annual salary was way off.
Webster's contract will almost certainly use up Washington's entire mid-level exception, since, as we noted in an earlier post, a four-year deal worth the full MLE this summer will work out to $21,990,500. That means that the Wiz have already committed to using both their mid-level exception and their bi-annual exception (on Eric Maynor), so if the team hopes to add more free agents, it will have to be via sign-and-trade or the veteran's minimum.
1:35pm: The Wizards and Martell Webster have reached an agreement on a four-year deal, reports Adrian Wojnarowski of Yahoo! Sports (via Twitter). Multiple reports suggested yesterday that even after the Wizards drafted Otto Porter and Glen Rice Jr. last week, re-signing Webster was the team's top priority in free agency.
TNT's David Aldridge had indicated that Washington would likely use part, but not all, of its mid-level exception to bring back Webster. Considering the 26-year-old is receiving a four-year deal, I would guess the annual salary will be a little lower than if Webster had re-signed for just one or two years, though the terms of the agreement haven't been reported yet.
Webster signed a one-year contract worth $1.75MM with the Wizards last summer and enjoyed the most productive season of his eight-year career. In 76 games for Washington, the Relativity Sports client established new career-highs in PPG (11.4), 3PT% (.422), and PER (13.9), among other categories.