According to NBA reporter Shams Charania, The Washington Wizards are trading three-time All-Star Bradley Beal to the Phoenix Suns for Chris Paul, Landry Shamet, a handful of second-round picks, and multiple pick swaps.
Last year, Bradley Beal signed a 5 year / $251,019,650 contract with the Washington Wizards, including $251,019,650 guaranteed, and an annual average salary of $50,203,930. In 2023-24, Beal will earn a base salary of $46,741,590, while carrying a cap hit of $46,741,590 and a dead cap value of $46,741,590 (along with a no-trade clause that will be waived for this trade). The Wizards, who recently hired new team president Michael Winger and new general manager Will Dawkins have now unloaded the contract necessary to rebuild.
Chris Paul, a 38-year-old, 12 time All-Star, is a buyout/trade/release candidate with this year’s salary only partially guaranteed. It is unlikely he spends one of his final years in the league playing for the rebuilding Wizards.