Washington Wizards forward Corey Kispert (24) goes to the basket...

Washington Wizards forward Corey Kispert (24) goes to the basket against Toronto Raptors guard Gradey Dick (1) and forward Bruno Fernando (24) during the second half of an NBA preseason basketball game, Friday, Oct. 11, 2024, in Washington. Credit: AP/Nick Wass

Corey Kispert and the Washington Wizards have agreed to terms on a four-year contract extension worth $54 million.

Agents Mark Bartelstein and Andy Shiffman confirmed the agreement in an email to The Associated Press on Monday.

Kispert, 25, will make an average of $13.5 million a year when his new contract kicks in for the 2025-26 NBA season. He’s coming off his rookie deal that was worth $16 million total after being selected with the 15th pick in the 2021 draft out of Gonzaga.

The 6-foot-7, 220-pound small forward averaged 13.4 points last season for the Wizards as a part-time starter. He has appeared in 231 games in the league, all with Washington.

ESPN first reported Kispert's extension.

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