What happened: Trae Young and the Washington Wizards agreed to a new four-year contract worth roughly $212.9 million, with the final season a player option. His first-year salary lands near $49.5 million, about 30 percent of the projected $165 million cap for 2026-27. If he picks up the option, Young would earn $56.9 million in 2029-30.

Why it matters: Washington concluded that the league's new anti-tanking incentives, which push more teams to compete, would draw maximum-salary offers for Young from rival franchises via free agency or a sign-and-trade. Holding his Bird rights gave the Wizards room to go five years with steeper raises, but they structured the deal at 5 percent annual raises to save roughly $8.9 million over its life. The commitment locks in an offensive hub to carry the scoring load while the franchise's young core develops, building on the four-year agreement reported Monday.

What to watch: Washington does not expect to brush against the first apron until 2028-29, when rookie-scale extensions for Sarr and Kyshawn George would kick in. The open question is whether Young can recapture his All-NBA form and whether the roster adds enough defensive size to offset his weaknesses.