Washington Wizards, John Wall make contract extension official

The Washington Wizards officially announced the four-year contract extension to point guard John Wall.

The Washington Wizards offered their superstar point guard John Wall a contract extension worth $170 million on July 1, per Brian Windhorst of ESPN.

Twenty-five days later on July 26, Washington Wizards fans can finally exhale and relax as Wall inked his four-year, $170 million contract extension, making the deal official.

Washington Wizards President Ernie Grunfeld, who made the official team announcement on Wall’s multi-year contract extension Wednesday, was with Wall today to make the deal official.

The contract extension doesn’t start until the 2019-20 NBA season, which means Wall will be with the Wizards through the 2022-23 season. The well-deserved contract extension is not your ordinary deal. Wall’s spectacular play last season, which earned him his first All-NBA team, made him eligible for the NBA’s $170 million ‘supermax’ deal.

Wall, who turns 27 years of age in Sept., is coming off the best season of his astonishing career. The 6-foot-4 Wall averaged a career-best 23.1 points, 10.7 assists, and 2.0 steals which earned him his fourth consecutive All-Star appearance.

Relive Wall’s jaw-dropping season:

The record-breaking deal put Wall in the top echelon of the NBA and joined NBA superstars Stephen Curry and James Harden as players who earned the ‘supermax’ deal this offseason.

However, Wall’s commitment to stay loyal and faithful to the team that drafted him is unlike many players in the NBA. Wall confirmed his desire to remain in the nation’s capital a few days ago by posting a video on Twitter via Uninterrupted:

CEO of Monumental Sports & Entertainment and Wizards owner Ted Leonsis had these words to say about Wall:

"John is an exceptional talent and a cornerstone for our team – and our city,” said Ted Leonsis, Founder, Chairman and Majority Owner of Monumental Sports and Entertainment. “This signing means stability for the Wizards for years to come and solidifies our commitment to drafting and then developing talent here at home. It’s John’s unique blend of skill and leadership that makes us a championship-caliber team."

The signing of the No. 1 pick in the 2000 NBA draft keeps the core trio of Wall, Bradley Beal and Otto Porter for the foreseeable future.

Remember, the Wizards were just one game away from advancing to the Eastern Conference finals last season for the first time since the 1978-79 season when the Washington Bullets lost to the Seattle SuperSonics in the NBA Finals.

Next: Relive Washington Bullets' 1977-78 NBA championship

Now, with the nucleus intact, the Wizards will look to bring an NBA championship to Washington, D.C.