Bradley Beal signs 2-year extension

As part of the extension, Bradley Beal has a 15% trade kicker. The guard also has unique language when it comes to the player option in 2022-23. From when the extension is signed and until June 2023, Beal can decline or exercise the option. Because a player option is excluded when factoring in the value of the trade bonus at the time of the trade, opting-in to the last year would increase the bonus owed. The trade kicker could range between $6-9M. Beal is not eligible to be traded until after the 2019-20 season because the first year of his extension is greater than 5% from his 2020-21 salary. Beal will also receive a 50% advance of his $34.5M and $37.3M (if he opts-in) salary up front when the extension begins. Beal currently has two-years left ($27.1M and $28.75M) on the original $127M max contract that was signed in 2016.

The Beal extension is comparable to a restricted FA signing an offer sheet:
* Trade kicker
* 50% advance
* Cannot be traded during the season