What It Means:

The announcement, which comes via the team's official Twitter account, does not include the terms of the agreement. However, according to The Washington Post's Tim Bontemps, the deal is presumably worth the maximum of $148 million over five years. At roughly $29.6 million per season, he becomes the team's highest-paid player by over $10 million.

The 22-year-old Wiggins averaged a career-high 23.6 points per game on 45.2% from the floor, 35.6% from three and 76% from the line in 2016-17. He's projected for 20.5 points on 44% shooting in this season, his 4th in the NBA.