NEW ORLEANS - MARCH 31: Andray Blatche #7 of the Washington Wizards drives the ball around Darius Songaila #9 of the New Orleans Hornets at New Orleans Arena on March 31, 2010 in New Orleans, Louisiana. The Wizards defeated the Hornets 96-91. 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 Chris Graythen/Getty Images)

Report: Wizards Sign Andray Blatche To Three-Year Contract Extension

The Wizards have reportedly given forward Andray Blatche a three-year contract extension. Blatche's current deal was set to expire after the 2011-12 season.

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Report: Andray Blatche To Receive Just Over $30 Million Over Next Five Years

The terms for Andray Blatche's new contract have come in, and they're complicated. Allow Michael Lee of the Washington Post to explain.

Blatche, who signed a five-year deal worth $15 million in the summer of 2007, was slated to earn $3.26 million this season and $3.52 million next season. But the deal is structured in a complicated manner that allows the Wizards to give him a slight salary boost this season and next season, using some of their available salary cap space. So, this basically works out to being a five-year contract with Blatche is expected to earn more than $30 million between now and the end of this deal.    

Bullets Forever is ecstatic with the news.

Getting Andray Blatche for what basically amounts to the value of the mid-level exception?  Wow.  That's a flippin' steal, regardless of the new CBA.  The fact that they've restructured it to lower the cap hit in the post-CBA years makes it even better.  Ernie Grunfeld and his team deserve major kudos for this one.      

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Report: Wizards Sign Andray Blatche To Three-Year Contract Extension

After teasing Wizards fans with his potential, Andray Blatche finally emerged late in the season last year. His reward, apparently, is a contract extension. According to Michael Lee of the Washington Post, the Wizards have signed Blatche to a three-year extension that will keep Blatche in D.C. through the 2014-15 season. 

Terms of the deal aren't immediately known.

Blatche was operating on a five-year, $15 million contract that was set to expire after the 2011-12 season.

For more, visit the discussion at Bullets Forever.

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