Washington Wizards standout Bradley Beal will enter the NBA’s unrestricted free agent market after officially declining his $36.4 million player option for the upcoming 2022-23 season.
Beal’s agency, Priority Sports, confirmed the decision to ESPN Thursday, the deadline for teams and players to decide on options for next season.
The move allows Beal to seek a maximum contract extension worth just over $250 million over five years if he re-signs with the Wizards, or a four-year deal for approximately $185 million if he signs with another team.
ESPN reported earlier this week that the industry expectation was for Beal to decline his option to sign a maximum extension with the Wizards, the team he has spent his entire 10-year career with.
The three-time All-Star is likely to receive a max deal despite an injury-plagued and down 2021-22 campaign in which he was limited to 40 games by a left wrist injury that required surgery. Beal finished the season shooting a career-low 30 percent from 3-point range.
Washington Wizards star Bradley Beal has declined his $36.4M option and become a free agent, his agent Mark Bartelstein of @PrioritySports tells ESPN. Beal is eligible to sign a 5-year max to return to Wizards – or sign elsewhere on a 4-year deal.— Adrian Wojnarowski (@wojespn) June 29, 2022
Beal finished second in the league scoring race in both 2019-20 and 2020-21, and was named to the All-NBA Third Team in that latter season after averaging a career-high 31.3 points per game for a Washington team that earned the Eastern Conference’s eighth playoff seed.
Should he return to Washington, Beal would have a new backcourt partner after the Wizards acquired point guard Monte Morris from the Denver Nuggets in a four-player trade Thursday.
The Wizards also received veteran wing Will Barton from Denver while sending wing Kentavious Caldwell-Pope and reserve guard Ish Smith to the Nuggets.