Bradley Beal is reportedly staying right where he's at.

ESPN's Adrian Wojnarowski reported Beal is "very likely" to opt out of his $36.4 million player option for next season and re-sign with the Wizards on a five-year maximum contract. A max deal for Beal is estimated to be around $248 million, though the final figure will be determined once the NBA sets the salary cap for the 2022-23 campaign.

As a 10-year veteran, Beal is eligible to earn 35 percent of the cap as his starting salary. The current cap projections would have him starting out at $42.7 million next season.