With many NBA stars heading to new locations this summer, the Washington Wizards made sure to show their top star they want him to stay on the roster. Late on Friday night, it was announced that the Wizards had signed All-Star Guard John Wall to a four-year deal. That's good news for Washington fans as this team nearly reached the Eastern Conference Finals this past season, and could very well be amongst the top teams once again. Here's the latest on John Wall's new deal, and what's to come for the Washington Wizards.

What's the deal?

As ESPN noted, TNT first reported the deal which will see John Wall receive a four-year contract extension with the Washington Wizards.

The extension is worth a reported $170 million, league sources told ESPN's Adrian Wojnarowski.

Wall's new deal is set to begin in 2019 and will include a fourth-year player option as well as a 15 percent "trade kicker." As of right now, he has $37 million and two years to go on his current contract. Wall has been a member of the Wizards ever since they selected him at No. 1 overall back in the 2010 NBA Draft.

Wall's extension is more good news for a Wizards team that also re-signed Otto Porter Jr. after the Brooklyn Nets had offered him $106 million over four years. Washington matched the deal to ensure that Porter would remain in a Wizards' uniform. There had been persistent NBA rumors saying that John Wall might want to leave the Wizards to join up with another All-Star such as DeMarcus Cousins in Sacramento at one point.

2017-18 NBA outlook

With both John Wall and Otto Porter Jr. resigned, and Bradley Beal still there, it keeps the Wizards top three players on the roster. The Wizards made it to the Eastern Conference Semifinals last year and took it the full seven games before bowing out against the Boston Celtics. However, one of the games in the series featured a thrilling late three-pointer from Wall to win the game.

As of this report, the Washington Wizards are listed in a tie for sixth place on the NBA future odds to win the 2017-18 NBA Finals. The Wizards are carrying 40 to 1 odds to win it all, which has them tied with the Oklahoma City Thunder. Washington is just above the Milwaukee Bucks and the Toronto Raptors on the list, which makes sense based on them keeping their stars on the roster heading into next season.

The Wizards are also 10 to 1 favorites to win the Eastern Conference, trailing the Boston Celtics (11 to 4) and Cleveland Cavaliers (5 to 7).