Nick Young will sign his qualifying offer from the Washington Wizards on Monday, reports Michael Lee of the Washington Post, returning the guard to the 'Zards for the 2011-12 season at a price of $3.7 million. Because the Wizards had extended Young the qualifying offer, the guard was a restricted free agent this offseason. In July 2012, he will become an unrestricted free agent.
The Wizards don't expect to make too much noise in the East this season, as the club remains in the throes of a rebuild centered around point guard John Wall. The team added first-round picks Jan Vesely and Chris Singleton, and will continue to see how JaVale McGee and Andray Blatche work out up front. Young should be the team's No. 2 or No. 3 scorer, depending on how much veteran Rashard Lewis plays over Vesely and Singleton.
For more on the Wizards, visit Bullets Forever.