Nick Young

The Washington Wizards announced today that they have re-signed guard Nick Young. According to the Washington Post, the deal a one-year, $3.7 million qualifying offer, and “by signing his qualifying offer, Young will become an unrestricted free agent next season, when the market is expected to be better. Several teams are expected to have considerable salary cap room and few young guards will be available.”

“Nick is a very good scorer who has continually developed and shown steady improvement over his four years with us,” said Wizards President Ernie Grunfeld.  “His size, shooting ability and athleticism allow him to get his own shot and compliment our other backcourt players, making him a valuable part of our young core.”

Young led the Wizards in scoring last season with a career-high 17.4 points over 64 games.  He scored a career-high 43 points on Jan. 11 vs. Sacramento and posted the second-highest scoring increase in the NBA from 2009-10 to 2010-11 (8.6 ppg – 17.4 ppg) behind Golden State’s Dorell Wright.

Young holds career averages of 10.9 points and 1.8 rebounds with career marks of .437 from the field, .383 from three-point range and .822 from the free throw line in 295 games with the Wizards.  He was originally selected by the team with the 16th overall pick of the 2007 NBA Draft.