Starting a rebuild by getting no first round pick or young player lol.
I know they basically had no choice, but still.
Moving Beal saves them a lot of contract space since they can waive Chris Paul before the 28th. Kuzma and Porzingis both have player options, but after next season the biggest contracts they have are Gafford and Shamet. It looks like the Wizards owe the Knicks a first round pick, but they have a good chance at landing high picks in the next few seasons otherwise.
Pretty sure the strategy at this point is to just tear down and really worry about the actual rebuilding process when they get his anchor of a contract off of their necks. Maybe they could get more for Porzingis or Kuzma through sign-and-trades, but right now, with fuck-all leverage and a terrible contract, the best that can be done is to just make space.