Except it wasn't a flop. It was a dangerous move by Horford.
Shoe wrote:So Beal is on a 4 year - $134 mil contract now for his age 26-29 seasons. Massive win
nate33 wrote:I've been thinking it over, and the best move for Beal is to sign a 1+1 extension (2nd year a player option). It's pretty much a no-brainer. The upsides are multiple and the downside is almost nil.
As it stands now, his existing contract ends in 2021, his 9th season, so that he's not eligible for a 35% max on his next contract. By extending his existing contract for one more year to 2022, he'll become an unrestricted free agent after his 10th season and he'll be eligible for the 35% max from any team with cap room. By making it a 1+1 extension, he gets the added security of another year of salary in case he has a catastrophic injury between now and 2022.
Another advantage is that, by 2022, there will be more more clarity on the Wizards' direction under their new GM. By then, we should know if Hachimura, Bryant, Brown and their 2020 (high) pick are legit starters/stars or merely rotation players. We'll know if John Wall is close to his old self, or maybe he'll be moved by then and the Wizards will be making a play for a max salary free agent in 2021 or 2022 to join Beal, Hachimura, Bryant, etc.
Finally, it resolves a lot of angst in the organization. An extension, even a short one, would silence all the troublemakers trying to stir stuff up. It says that Beal is dedicated to the organization within reason, but understandably isn't going to commit the rest of his life if the organization isn't doing it's part to get better.
The only downside to extending now would be if he makes All-NBA this season or next season. If he did so, he would miss out on the opportunity to sign a 35% supermax (with the Wizards only) that would kick in in 2021, a year earlier than his 10th season. But ultimately, that's only about $7M lost, and the benefits he gains are 2 years of injury insurance and the opportunity to hit the open market as an unrestricted free agent after his 10th season. Also, it's going to be very hard to make All-NBA on a team that will probably have 28 wins.
Bobby Marks wrote:As part of the extension, Bradley Beal has a 15% trade kicker. The guard also has unique language when it comes to the player option in 2022-23. From when the extension is signed and until June 2022. Beal can decline or exercise the option. Because a player option is excluded when factoring in the value of the trade bonus at the time of the trade, opting-in to the last year would increase the bonus owed. The trade kicker could range between $6-9M. Beal is not eligible to be traded until after the 2019-20 season because the first year of his extension is greater than 5% from his 2020-21 salary. Beal will also receive a 50% advance of his $34.5M and $37.3M (if he opts-in) salary up front when the extension begins. Beal currently has two-years left ($27.1M and $28.75M) on the original $127M max contract that was signed in 2016.