John Wall the foundation of the Washington Wizards’ rebuilding efforts for the past three years has signed a five-year contract extension worth approximately $80 million according to a league source with knowledge of the situation. The deal will kick in at the start of the 2014-15 season and keep the point guard with the Wizards through 2019.

Wizards President Ernie Grunfeld had repeatedly stated his desire to keep Wall within the franchise for a long time and has built a team to complement the speedy point guard’s skill-set. Wall missed the first 33 games last season with a stress injury in his left knee and the team went 5-28 but he returned to lead the Wizards to a 24-25 finish and posted career highs of 18.5 points and 44.1 percent shooting while handing out 7.6 assists.
He also scored a career high 47 points in a win over Memphis and finished with 24 points and a career-high 16 assists in a road victory over the Los Angeles Lakers.

Wall is the first member of his 2010 draft class to receive a contract extension and the fourth point guard in the league with a maximum deal joining former league most valuable player Derrick Rose and all-stars Deron Williams Chris Paul and Russell Westbrook. In three seasons in Washington Wall has averaged 16.9 points and eight assists but has yet to make an all-star game or lead the Wizards to the playoffs.