FILE - In this Jan. 24, 2012, file photo, Washngton Wizards president Ernie Grunfeld, left, joined by coach Randy Wittman, speaks to reporters in Washington. It's been a while since the Wizards opened training camp as a team expected to make the playoffs. Even so, the men who have overseen the turnaround are cautious more than bullish as they prepare for the start of training camp next week. Grunfeld on Wednesday, Sept. 24, 2014, proclaimed the Eastern Conference as "wide open," yet he settled for home-court advantage in the first round of the playoffs as something that "would be a good accomplishment" for his team. (AP Photo/Manuel Balce Ceneta, File)
Newest Washington Wizard Bradley Beal sits next to coach Randy Wittman and team president and general manager Ernie Grunfeld on Friday during an introductory press conference. (Nicolas Nightingale/The Washington Times)
Bradley Beal poses for photographs with Washington Wizards coach Randy Wittman (left) and team president Ernie Grunfeld (right). (Nicolas Nightingale/The Washington Times)
Washington Wizards president and general manager Ernie Grunfeld
Washington Wizards general manager Ernie Grunfeld says he wants to wait another season and see how the team develops before trying to make any big splashes in free agency. (J.M. Eddins Jr./The Washington Times)
"We have new ownership, and [Ted Leonsis'] mandate was to break it down and rebuild the team and do it through the draft," Wizards general manger Ernie Grunfeld said. (J.M. Eddins Jr./The Washington Times)
** FILE ** Washington Wizards President Ernie Grunfeld (left) believes the team addressed needs by drafting Chris Singleton (second from left) and Shelvin Mack (second from right). At right is coach Flip Saunders.
** FILE ** The Washington Wizards' Jordan Crawford (left) and John Wall (second from left) check out the team's new uniforms while Wizards President Ernie Grunfeld (second from right) and head coach Flip Saunders look on at the Verizon Center in Washington on Tuesday, May 10, 2011. (Rod Lamkey Jr./The Washington Times)
Ernie Grunfeld, president of the Washington Wizards, speaks to the media during an NBA basketball news conference at the Verizon Center, in Washington, on Thursday, Sept. 23, 2010. (AP Photo/Jacquelyn Martin)
ASSOCIATED PRESS Washington Wizards first draft pick John Wall, center, from the University of Kentucky, smiles as he holds up a jersey with coach Flip Saunders, right, and Wizards president Ernie Grunfeld during a news conference in Washington, on Friday, June 25, 2010. Wall was selected as the No. 1 overall pick in the NBA basketball draft on Thursday.
Kentucky's John Wall, right, talks with Washington Wizards basketball coach Flip Saunders, second from right, and Wizards team president Ernie Grunfeld, left, during a pre-NBA draft basketball workout for the Washington Wizards, Thursday, June 17, 2010, in Washington. Behind Grunfeld at left is Washington Wizards assistant coach Sam Cassell.