The Washington Times - April 24, 2012, 12:47AM

Wizards president Ernie Grunfeld will return to the team next season, multiple sources confirmed on Monday evening as the Wizards faced the Charlotte Bobcats. Grunfeld’s contract was due to expire at the end of this season. 

Wizards owner Ted Leonsis and Grunfeld have agreed to a tentative deal that will keep Grunfeld with the team at least one more season. The financial terms were not made known. Grunfeld has been with the Wizards since 2003.

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The team is expected to make an official statement on Tuesday.