Updated: Aug. 3, 2006, 10:17 PM ET
Wizards sign former Magic guard Stevenson
By Chad Ford
Free agent DeShawn Stevenson Deagreed to terms with the Washington Wizards on Thursday, his agent, Mark Bartelstein told ESPN.com.
According to Bartelstein, Stevenson agreed to a two-year contract worth the NBA minimum salary. Since he has six-plus years of service, that would be $932,015 for the first year. Stevenson has a player option in the second year of the contract.
The deal is a pretty big blow to Stevenson financially. He opted out of a contract this spring that would have paid him $3 million and then turned down a three-year, $10 million contract from the Magic in early July.
Stevenson then changed agents and agreed to the deal with the Wizards.
"There just isn't much money left out there," Bartelstein said.
"This gives DeShawn an excellent opportunity to play significant minutes on a very good team. I think by next summer, the rest of the league will see his real value and he'll earn back the money he lost."
The next big step for the Wizards will be deciding whether to match the Knicks' offer sheet to restricted free agent Jared Jeffries.
The Knicks made Jeffries a five-year, $30 million offer that the Wizards have until Monday to match. Several sources familiar with the Wizards' thinking believe that they are leaning against matching the offer due to luxury tax concerns. Matching the Knicks offer would put the Wizards over the luxury tax threshold.
Wow not a smart move leaving Orlando's offer on the table
Good for the Wiz though. Looks like he may opt out though after next year and try and get a bigger payday.