Former Dallas Maverick Chooses New Deal with Washington Wizards
Veteran center Richaun Holmes has signed a new contract to stay with the Washington Wizards after being traded from the Dallas Mavericks midseason. As the NBA free agency period looms, teams are hurrying to lock in their players, while some athletes decide on their player options.
Holmes, who was traded to the Wizards in exchange for Daniel Gafford and draft picks, played a key role in the Mavericks’ journey to the NBA Finals this season. With a player option worth $12.8 million, Holmes opted to decline it, instead signing a 2-year, $25.9 million deal to remain in Washington, as reported by Shams Charania of The Athletic.
This new contract is structured uniquely. It reduces Holmes’s cap hit to $12.6 million for the 2024-25 season and guarantees only $250,000 of the potential $13.3 million for the 2025-26 season. His future earnings depend on his performance and value as a veteran mentor to rookie Alex Sarr. Despite this potential, it’s expected that Washington might waive Holmes after the upcoming season.
During his 17 games with the Wizards, Holmes averaged 7.1 points and 6.1 rebounds per game. Previously, he appeared in 23 games for the Mavericks following his acquisition in the 2023 NBA Draft, which also brought rookie Olivier-Maxence Prosper to Dallas. Although disappointed by limited playing time in Dallas, Holmes would have likely exercised his option to stay with the Mavericks had he not been traded.
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