The Wizards have taken care of most of their objectives this off-season, but the elephant in the room is John Wall’s inevitable extension. President Ernie Grunfeld still hasn't begun discussing the matter with Wall’s agent, Dan Fegan, who currently is engaged in contract talks for other clients, namely Dwight Howard. Fegan was present when Howard sat down with the Los Angeles Lakers, who he played for last season, on Tuesday. There’s a July 10 moratorium on trades and deals, though teams can agree to terms with players. None of the moves can officially be announced or acknowledged by teams. The reason is because the new salary cap has to be configured –- it is expected to rise slightly above last season’s $58.044 million. After this point, rookie scale contracts such as Wall’s as he enters his fourth season, can be negotiated for extension. Grunfeld used the opening of free agency to swiftly secure Eric Maynor, Martell Webster and Garrett Temple. The Wizards have until Oct. 30 to work out an extension with Wall, who was the No. 1 overall draft pick in 2010. He qualifies for a four-year “max” contract, in addition to the final year of his rookie deal that will pay him $7.45 million, which would represent 25% of the team’s salary cap. The Wizards also would have the option of making him a designated player which would grant him a fifth year under collective bargaining rules. Only one designated player is allowed per team. If a deal isn't reached before the regular season starts, the Wizards must cease talks with Wall and revisit after the season. - See more at: http://www.csnwashington.com/basketball-washington-wizards/talk/wizards-await-negotiatiations-wall ESPN posters. Join us and talk about the Wizards!
