Trae Young to Decline $49M Player Option, Will Enter Free Agency

The Washington Wizards guard is set to become an unrestricted free agent but is reportedly favored to re-sign with the team on a long-term max contract this summer.

Washington Wizards guard Trae Young will decline his $48.97 million player option to become an unrestricted free agent, according to a report from ESPN. The move was widely expected and positions Young to sign a new long-term contract this summer.

Despite forgoing the single-year salary, Washington remains the clear destination for the four-time All-Star. Young’s offensive gravity is the foundation of the Wizards’ system, where his elite pick-and-roll navigation and deep shooting range are designed to create space for co-star Anthony Davis and a young core featuring Alex Sarr and Bilal Coulibaly. After an injury-limited season where he played just five games, securing him is the franchise’s top priority. The Wizards hold his Bird Rights, allowing them to offer a more lucrative contract than any other team.

Reports indicate a strong mutual desire for Young to remain in Washington. ESPN’s Marc J. Spears noted, “Washington remains the frontrunner for the four-time NBA All-Star as he loves the team and DC, but he still expects multiple team max interest,” This highlights Young’s leverage in the open market while confirming the Wizards’ advantage. The idea of him leaving is being actively dismissed by those close to the situation. According to Brett Siegel of ClutchPoints, “Rumors of Trae looking elsewhere have been described by sources as ‘nonsense,’”

Re-signing Young is the first major step in Washington’s plan to build a contender. The team also holds the No. 2 overall pick in next week’s NBA Draft, adding another high-level prospect to a promising roster. With Young locked in alongside Davis and Sarr, the Wizards aim to return to the playoffs for the first time since 2025.

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