Wizards Re-Sign John Wall to Five-Year, $80 Million Contract Extension

The Washington Wizards have signed point guard John Wall to a contract extension reportedly five years in length and worth $80 million.

“I am both proud and humbled by the belief that the Wizards organization, the fans and my teammates have shown in me since I arrived here three years ago,” Wall said in a statement. “I can promise all of them that I will repay that belief by representing the city of Washington and doing everything I can to get this team back where it belongs.”

Last season, Wall averaged 18.5 points, 7.6 assists and 4.0 assists per game. The No. 1 overall pick in the 2010 NBA Draft leads all players in his draft class with career averages in points per game (16.9) and assists per game (8.0).

“Since drafting John with the first overall pick, we have been impressed with his maturation, hard work and commitment to our franchise,” team owner Ted Leonsis said in a statement. “He is the cornerstone of our team, and we have clearly expressed our desire to build around him well before making it official by re-signing him today. We are extremely confident in his leadership abilities and are excited to see the continued improvement of the team.”

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