JULY 30TH, 11:44am: Wall's max extension remains on track to be completed by the end of this week, according to ESPN.com's Marc Stein. Stein tweets that the team originally targeted a date of August 1st for a press conference, but it's not clear if that's still the goal.
JULY 25TH, 12:25pm: The Wizards and Wall aren't expected to finalize an agreement until at least next week, says Michael Lee of the Washington Post.
JULY 24TH, 9:47pm: John Wall and the Wizards are closing in on a five-year, $80MM maximum contract extension, according to ESPN.com's Marc Stein and Yahoo! NBA reporter Adrian Wojnarowski. The deal will make Wall Washington's designated franchise player, which allows a fifth year on the deal, as opposed to four.
The deadline on such an extension is October 31st, but the Wizards and Wall appear to be closing in much earlier than that. Wall is 22 years old and is entering his fourth season next year. The former number one overall pick has yet to lead his team to the playoffs, and is coming off an injury shortened campaign last year.