The Washington Wizards will offer John Wall a Designated Veteran Player Extension that would begin in 2019 and add four years on his deal.
Wall's extension over four years could be worth $168 million.
Wall will wait to agree upon the extension until he sees what the Wizards do in free agency.
“I just want to kind of see what they do throughout free agency, talk to my family, talk to my agency and my managers and see what we want to do,” Wall told The Washington Post after walking the red carpet Monday night. “It’s definitely a place I want to be … I’ve just got to make sure things are going in the right direction, and make sure we are building the team in the way we want to be, and don’t get locked up in a situation where you might not feel comfortable.
“But I love being in Washington, I love playing there, and there’s not another city I’d really want to play for.”
The Wizards are one of only three teams in the NBA that has never paid the tax.
Washington has a key decision to make this offseason on Otto Porter Jr.