- Wizards guard Jared Butler was recently promoted from a two-way deal to a three-year standard contract. His new contract pays him $1.25MM for 2023/24, but it doesn’t feature any guaranteed money beyond this season, tweets Michael Scotto of HoopsHype. Washington, which completed the signing using a portion of its mid-level exception, will hold a team option on Butler for ’25/26, Scotto adds.