LAS VEGAS -- The Washington Wizards are in advanced talks on a contract extension with star point guard John Wall on a deal expected to land in the five-year, $80 million range, according to sources close to the process.
Sources told ESPN.com that the sides are closing in on the final terms and are on course to have a signed agreement by Aug. 1.
Wall is in Las Vegas this week as part of USA Basketball's mini-camp featuring 28 players vying for spots on the 2014 squad that will participate in the FIBA World Cup in Spain as well as the 2016 Olympics in Brazil.
Wall is eligible to sign an extension until Oct. 31. He'd become a restricted free agent without a deal by that deadline on July 1, 2014.
Senior Writer, ESPN.com
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