Free agent guard Trae Young has agreed to a four-year, $212 million contract extension with the Washington Wizards, sources familiar with the deal confirmed on Monday. The agreement includes a player option for the fourth year and reflects a long-term commitment following Young’s recent decision to decline a $49 million player option for the upcoming season.

Young, 27, a four-time NBA All-Star, was traded to the Wizards in January after spending his first 7½ seasons with the Atlanta Hawks. He appeared in a total of 15 games last season due to injuries, averaging 17.9 points per game—significantly below his career average—as he adjusted to his new team.

The deal effectively matches what Young could have secured on the open market in free agency, underscoring the Wizards’ intent to build around the veteran guard. This commitment comes ahead of a critical week for the Wizards, who hold the number one pick in the upcoming NBA draft.

Career-wise, Young has maintained impressive production, averaging 25.1 points and 9.8 assists per game. His career assists and scoring averages place him in rare company, with only Hall of Famer Oscar Robertson logging similar combined statistics over the course of an NBA career.

Young’s future with the Wizards adds stability to their roster as they look to leverage both their talented guard and top draft selection to make a competitive push in the coming seasons. The contract provides flexibility for Young thanks to the player option, allowing the guard to reassess his status after three years if he chooses.