Kyle Kuzma re-signed with the Washington Wizards this past offseason on a four-year, $90 million deal that is currently considered "quite valuable" around the league.

The Wizards appear to be sellers this season as they are firmly in the bottom part of the lottery and a trade of Kuzma could net them significant first round draft picks.

The value of Jordan Poole, however, appears to have dropped as he is in just the first season of a four-year, $120 million deal.

The Washington Wizards are preparing to relocate from downtown Washington D.C. to northern Virginia approximately seven miles away from their current location. 

Ted Leonsis, owner of the Wizards and the Washington Capitals is expected to make the announcement on Wednesday. 

Virginia state lawmakers voted Monday to approve the arena project in northern Virginia, the Washington Post reported. A final vote of the state's full general assembly is needed to pass the project, which would create an 8,000-square-foot campus site in Alexandria.

The Wizards can exit the Capital One Arena lease in 2027 and begin playing in the new arena by 2028.

The Washington Wizards intend to sign wing Jules Bernard to a two-way contract. The Wizards opened a two-way spot by waiving John Butler Jr.

In eight games with the Capital City Go-Go of the G League, Bernard has averaged 21 points on 48/42/91 shooting splits. The 6-foot-6 wing has also averaged 7.5 rebounds, 4.4 assists and a steal per game.

The Washington Wizards have waived John Butler Jr. Butler was signed to a two-way contract with the Wizards and the Capital City Go-Go of the G League.

Butler did not appear in a game with Washington this season. In 10 G League games, the 7-foot center averaged 7.9 points, 3.8 rebounds and 1.7 blocks in 22.5 minutes per game.