Brad Beal’s wallet is about to get a lot heavier.

The former Gators shooting guard, who averaged 14.8 points and started all 37 games in his lone season at UF, agreed to a five-year, $128 million maximum contract to stay with the Washington Wizards, his agent, Mark Bartelstein, told Adrian Wojnarowski of The Vertical.

Wojnarowski first reported the agreement. Contracts can not be signed until July 8, although teams are free to negotiate with players.

The report states:

“The Wizards and Beal will likely wait for the organization to explore free-agency options before signing the agreement, sources said. The Wizards are expected to have roughly $25 million in salary cap space for free agency and continuing with Beal’s $14 million cap hold will allow them to have more space.”

The deal makes Beal, 23, the highest paid shooting guard in the NBA. Free agency began Friday.

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