Trae Young and the Washington Wizards agree to a four-year contract extension valued at about $212 million, according to multiple reports citing league sources. The deal is described as a maximum contract and includes a player option for the fourth year, meaning Young has the choice to opt in for the final season of the extension. Reports say the agreement comes after Young declines his $48.97 million player option for the 2026-27 season, setting up the new long-term deal. Several outlets report that Young intends to sign the extension ahead of NBA free agency. One report also notes that Young’s earnings are expected to be around $49 million next season, before the new contract takes effect. The Wizards have not publicly announced the terms in the cited reports, which rely on information shared through unnamed sources. Overall, the coverage is consistent that the extension keeps Young in Washington for four more seasons under a $212 million structure with a fourth-year option.