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NBA Latest News & Trade Rumors | Heavy on NBA

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Trae Young’s Washington Wizards Now Sealed With New $212 Million Contract
Rob Andrew Lo · 2026-06-23 · via NBA Latest News & Trade Rumors | Heavy on NBA
Washington Wizards v Atlanta Hawks

Getty

ATLANTA, GEORGIA - FEBRUARY 24: Trae Young #3 of the Washington Wizards speaks to the media prior to the game against the Atlanta Hawks at State Farm Arena on February 24, 2026 in Atlanta, Georgia. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Todd Kirkland/Getty Images)

Trae Young will be staying with the Washington Wizards after signing a new deal that would make him the face of the franchise for the foreseeable future.

According to ESPN’s Shams Charania, Young signed a four-year, approximately $212 million deal with a player option on the fourth year. 

This comes after some tense few days that followed the decline of his initial $49 million player option for the 2026-2027 NBA season. 

BREAKING: Trae Young intends to sign a four-year, approximately $212 million deal to stay with the Washington Wizards, with a player option in Year 4, sources tell ESPN. The four-time NBA All-Star declined his $49M player option for a long-term commitment ahead of free agency. pic.twitter.com/BAGANqomo0

— Shams Charania (@ShamsCharania) June 22, 2026


Trae Young Seen To Be The Leader Of A Promising Wizards Core

Golden State Warriors v Washington Wizards

GettyWASHINGTON, DC – MARCH 16: Trae Young #3 of the Washington Wizards drives to the basket in the third quarter against guard Gary Payton II #0 of the Golden State Warriors at Capital One Arena on March 16, 2026 in Washington, DC. (Photo by Greg Fiume/Getty Images)

Young is expected to lead the revamped Wizards for the next few years alongside former NBA champion Anthony Davis, who has expressed commitment to the team, and the No. 1 pick of the upcoming NBA Draft on Tuesday. 

Young’s new deal curiously came at a time when the Wizards are assessing who they would pick as the top selection in the 2026 Draft. Many believed they would go with BYU’s AJ Dybantsa, who would give the team a superstar-level rookie instead of Darryn Peterson of Kansas. 

Young, who is 27 years old, was traded to the Wizards from the Atlanta Hawks in February. His 2025-2026 NBA season was hampered by injuries. 

He has only played five games with the Wizards since the trade as they shut him down for good late in the season. The Wizards only won 17 games in the past season, earning them the highest chance at the No. 1 pick, which they ultimately got. 


Trae Young Expects Great Things For The Washington Wizards

Washington Wizards v Atlanta Hawks

GettyATLANTA, GEORGIA – FEBRUARY 24: Trae Young #3 of the Washington Wizards warms up prior to the game against the Atlanta Hawks at State Farm Arena on February 24, 2026 in Atlanta, Georgia.  (Photo by Todd Kirkland/Getty Images)

As the new leader of the team, Trae Young expects great things for the future of the Wizards, including, perhaps, going No. 1 in the Eastern Conference and going deep in the NBA playoffs. 

“I know our team is gonna be ready. We have young guys that have been through the rebuilding stage,” Young said in The Pivot Podcast. “They went through a lot of losing the last few years and they’re tired of losing. I want to be there with them when we’re winning.”

“This is the most slept on I’ve been in my whole life,” he added. “Imagine the Wizards as the No. 1 team in the East next year… Trust me, I’m probably just entering my prime. The way people talk about me is just funny.”

The Wizards have not been in the NBA playoffs since 2021, when the team was still led by Bradley Beal and Russell Westbrook. Back then, they had to survive the play-in tournament to secure the No. 8 seed only to lose to the top-seeded Philadelphia 76ers in five games. 

With a stronger core this year, which includes Bilal Coulibaly and Alex Sarr, the Wizards are seen to make it to the playoffs for the first time in six years, with Young leading the group. 

For now, all eyes are on the Wizards’ decision in the NBA Draft, which could dictate their priorities in their roster during the offseason. 

Rob Andrew Lo Rob Andrew Lo is a writer at Heavy Sports and is covering the NBA. He has covered local, collegiate, professional and international sports in various sites. He was the sports editor of The Varsitarian, the official student publication of University of Santo Tomas, and a sports, entertainment, and lifestyle writer for Rappler. A Journalism graduate from the University of Santo Tomas, he has built his voice across both collegiate and international platforms, previously contributing NBA coverage to Fansided and Sportskeeda. More about Rob Andrew Lo