The Washington Wizards are close to sealing a five-year contract extension with point guard John Wall, according to

Both parties could finalise the agreement by next Thursday, with the money being offered in the region of $80m over the five years.

The 22-year-old's current contract runs until October 31, and he has been with the Wizards since being drafted from Kentucky College in 2010.

Wall is currently in Las Vegas with USA basketball's minicamp, where he is competing for a place in the 2014 FIBA World Cup team in Spain and the 2016 Olympics in Brazil.

The Wizards have decided to give the 2012 NBA Rising Star award winner a long-term deal, after he impressed on his return from a knee injury in the final 49 games of last season.

Since his return in January, Wall averaged 18.5 points, 7.6 assists and 4.0 rebounds, and he achieved 44.1 percent from the field, the best return of his career so far.


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