Brandon Jennings, Wizards Reach Verbal Agreement

Though he won’t be able to officially sign until waivers clear on Wednesday, Brandon Jennings is on his way to Washington intent on signing with the Wizards. Chris Haynes of ESPN tweeted that the two parties have come to a verbal agreement, while Mike Wise of ESPN initially reported that such a deal was likely. It was Adrian Wojnarowski of the Vertical who wrote that the guard is already arranging travel plans to be in D.C. tomorrow.

Jennings and other recently bought out players Andrew Bogut and Jose Calderon won’t be able to sign with new clubs until they clear waivers at 5 PM EST on March 1, as ESPN’s Marc Stein reminds us. At that point, Jennings will be eligible to sign with the Wizards and be a part of their playoff run. Washington had previously been linked to Lakers guard Lou Williams but he was ultimately dealt to the Rockets just prior to the deadline. In Jennings, however, the Wiz gets their prolific reserve scorer at the point guard position.

The Wizards currently have a full 15-man roster, so they’ll need to waive a player to open up a roster spot before Jennings’ signing can become official. It also remains to be seen how much Jennings’ deal will be worth — most free agents signing new deals at this point ink minimum salary contracts, but Washington still has a prorated portion of its room exception available. A minimum salary pact would mean a salary worth about $325K for Jennings, while a deal with the room exception could be worth up to about $2MM.

In 58 games with the Knicks, Jennings averaged 8.6 points and 4.9 assists per game.

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