JULY 22ND, 12:31pm: The Wizards and Beal’s camp have talked and continue to do so, but no deal is close, sources with knowledge of both sides tell Michael. Washington wants any long-term deal to include some kind of escape hatch for the team, while Beal, too, would want a chance to opt out if he were to take less than the max, Michael writes.
JULY 12TH, 7:24pm: The Wizards will begin serious talks with Bradley Beal, who is entering the final year of his rookie scale contract that pays him $4.7MM, regarding a contract extension, J. Michael of CSNWashington.com reports citing two sources with knowledge of the situation.
Beal’s agent Mark Bartelstein told Michael early on Sunday that actual negotiations with Wizards president Ernie Grunfeld will start as early as this upcoming week. “We had to get past that first nine or 10 days of free agency. With that chaotic period over, Ernie and I will talk and see where we are,” Bartelstein said.
It was reported in May that the Wizards have made it clear that they’re committed to paying Beal the maximum salary. Giving Beal the max would be a bold move for Washington because the deal would kick in just as the salary cap jumps to a projected $89MM for 2016/17. Michael reported back in October that the club was planning an extension for the promising shooting guard.