NBA point guard Trae Young has reached an agreement on a four-year contract extension with the Washington Wizards, a deal that could be worth around $212 million if he exercises the final-year option, according to a source familiar with the agreement who spoke with The Associated Press on Monday.
The source, who requested anonymity because the Wizards have not publicly disclosed the contract terms, confirmed that the fourth year of the extension is a player option. Young is set to earn approximately $49 million in the upcoming season alone.
The contract agreement is just one piece of what could be a landmark week for Washington. The Wizards hold the No. 1 overall pick heading into the NBA draft, which gets underway Tuesday night.
Young, a four-time All-Star, struggled through an injury-plagued 2024-25 season, appearing in only 15 games split between Atlanta and Washington. He averaged 17.9 points per game — a drop of more than seven points below his career average. After being traded from the Hawks, who had him for seven and a half seasons, Young made just five appearances in a Wizards uniform.
Financially, the extension is structured so that the total value closely mirrors the maximum Young could have earned by signing with another team on the open market, making Washington’s offer essentially as competitive as anything available to him elsewhere.
Over the course of his career, Young has averaged 25.1 points and 9.8 assists per game. The only other player in NBA history to maintain averages of at least 25 points and nine assists across an entire career is Oscar Robertson — a distinction that underscores Young’s elite playmaking ability.
