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Wizards announce contract extension for John Wall

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John Wall signed his $170 million, four-year contract extension that owner Ted Leonsis said provides the Washington Wizards with long-term stability.

Team President Ernie Grunfeld announced the completion of the deal Wednesday. Wall said in a video posted on Twitter on Friday that he had agreed to the extension that begins in 2019-20 and includes a player option for 2023-24.

Wall, a four-time Eastern Conference All-Star, is the third player this summer to get a designated player “supermax” extension, joining Houston’s James Harden and Golden State’s Stephen Curry.

“John is an exceptional talent and a cornerstone for our team,” Leonsis said.