It has been made abundantly clear by Porter's representation that to have a legitimate shot at claiming the versatile small forward, a max offer sheet was required.
A max offer for Porter would be in the range of four years and approximately $106.5 million.
Porter has not decided yet, as he is meeting with two more teams before he will pick which offer sheet to sign, sources said.
The Wizards, according to sources, are adamant that they will match all offers to retain their starting wing. There is some thinking within league circles that the Wizards could be bluffing to discourage potential suitors from presenting an offer sheet.
The third overall pick by the Wizards in 2013, Porter posted career-high averages of 13.4 points, 6.4 rebounds, 1.5 steals, 51.6 percent shooting from the field and 43.4 percent 3-point shooting in 2016-17.
Porter became a serious 3-point threat, improving his shooting from behind the arc from 36.7 percent the season before. He started 80 games and became a third scoring threat to complement John Wall and Bradley Beal.
After going scoreless in Game 6 of the Eastern Conference semifinals against Boston, Porter finished his season strong by bouncing back with 20 points and 10 rebounds in a Game 7 loss.
Porter was ranked No. 8 on the list of top available free agents this offseason by ESPN's Kevin Pelton.
Information from ESPN's Ohm Youngmisuk was used in this report.