7:22pm: The trade is official, according to a press release from the Grizzlies, who classified the draft asset they’re getting from the Suns as a “future first-round pick swap.”
Memphis will be able to swap its own 2026 first-round pick for the least favorable of the Suns’, Wizards’, and Magic’s first-rounders that year, tweets Chris Herrington of The Daily Memphian.
As previously reported, Brooklyn waived Thaddeus Young and Memphis cut Victor Oladipo to make room on their respective rosters for the incoming players.
4:58pm: The Suns hung onto Boston’s 2028 second-round pick, tweets Gambadoro, which means the three future second-rounders they’re sending Brooklyn are as follows:
- Either the Pistons’, Bucks,’ or Magic’s 2026 second-round pick (whichever is least favorable).
- The Grizzlies’ 2028 second-round pick.
- The Grizzlies’ 2029 second-round pick.
12:18pm: The Nets are finalized a trade to send forward Royce O’Neale to the Suns for matching salaries and three second-round picks, Shams Charania of The Athletic tweets.
Phoenix is also acquiring forward David Roddy from the Grizzlies in exchange for a pick swap, Charania adds. (Twitter link).
The Suns are sending out Keita Bates-Diop, Yuta Watanabe, Jordan Goodwin and Chimezie Metu, John Gambadoro of 98.7 FM Phoenix tweets. They are all on minimum salary deals.
Watanabe and Metu will head to the Grizzlies, while Brooklyn will acquire Bates-Diop and Goodwin, per Duane Rankin of The Arizona Republic (Twitter link).
O’Neale is in the final year of a four-year, $36MM contract and could enter unrestricted free agency this summer with full Bird rights. He’s making $9.5MM this season.
He’ll be extension eligible with the Suns for a maximum of two-years and $20.5MM, Yossi Gozlan of Hoops Hype tweets.
Roddy is making $2.72MM this season and already had $4.83MM option for next season picked up by Memphis. Phoenix can use the $4,975,371 traded player exception it generated in the Dario Saric trade with Oklahoma City last season to absorb Roddy’s salary. That exception expires on Friday.
The Suns were considered the top suitor for the Hornets’ Miles Bridges. However, Bridges reportedly told Charlotte’s front office he wouldn’t approve any trade. Phoenix pivoted to O’Neale, who will immediately jump into its rotation.
O’Neale gives Phoenix a playoff-tested, defensive-minded veteran. He has been coming off the bench most of this season but could slot into Phoenix’s star-laden lineup if the Suns want to use Grayson Allen in a sixth-man role.
O’Neale is averaging 7.4 points, 4.5 rebounds and 2.8 assists in 24.5 minutes per game this season. He’s a career 38.1% 3-point shooter and should get plenty of open looks playing with Phoenix’s stars.
Phoenix will see its luxury tax bill rise by $13.5MM, Gozlan tweets. Overall, the Suns will have a payroll and luxury tax penalty adding up to more than $254.5MM this season, Gozlan notes in another tweet.
By swapping out four players for a pair, Phoenix will also have to add another player to reach the league minimum or 14. That will also increase their tax bill.
Watanabe and Bates-Diop are signed through next year. Metu has an expiring contract and Goodwin’s contract includes a team option for next season.
Not bad for the Nets. They traded a 1st for him (which turned out to be 28th overall) when they thought he would be a solid role player on a stacked team. To recoup three 2nds later on isn’t bad.
I love this deal for Phoenix. KD gets a guy he played with previously, and Royce is a commodity in this league. Great trade and finally someone they can plug and play.
Might deplete their bench even more? Who are the matching salaries that must go out?
But I guess one very good player outweighs two scrubs. Especially with the season half over and working towards the playoffs now.
nas little fs
Okay I see they have a traded player exception from last year and then the pick swap generates another dude they can send to Brooklyn. Pretty good.., they didn’t lose anybody, and they improved the roster quite a bit here. Nice move.
Oops, looks like I misunderstood the Roddy part. Suns are keeping him.
Don’t like that the suns gave up 3 2nd round picks for him. The suns are really screwed for the draft until. 2030.. Better be worth it. NBA finals or bust
I lied getting rid of Goodwin, Metu, Bates-Diop and Yuta Watanabe is a huge win for the suns.
Pretty worthless sitting on the bench
And turning four into two. Creating space for free agents.
Plus using a trade exception that would have expired.
Roddy can be a good salary-matching piece for the offseason.
Liking this creative trade for Phoenix. And also for other teams seems like a good deal. Win win win.
roddy to phx too
Wow so three second round picks going to Brooklyn Plus the trade exception and Roddy from the pick swap deal. With the three second rounders, does Phoenix have any draft picks in the next 7 years at all? Crazy.
All your eggs in one basket and I think that basket is the season and maybe next. I like the “go for it” attitude. Might as well, even with Royce a rental.
Suns sending out Goodwin, Metu, Bates-Diop and Yuta Watanabe (per John Gambadoro)
Not a metu fan but he had one good game but while late in the game he didn’t run up on defense after loosing the ball and Booker was irate. Those guys were not doing much anyway. Yuta was ok. Suns need a pure PG too
Kyle Lowry come on down?
Only in a trade. If he’s bought out, suns and other over-the-threshold teams can’t sign him apparently?
Yep, new rules in the latest CBA.
Not sure the of the number is the same for everyone but suns can’t sign anyone that’s salary is more than 12.4 million.
Memphis trade Victor O for Wiseman
PHX has been trading SRPs in droves since their new ownership settled in. It’s hard to believe they still had 3 left. Diminishing their own FRPs too. Have to wonder why the NBA bothers with the Stepien rule any longer.
Cmon MEMPHIS! Roddy for a freaking pick swap and nothing else?!?!? Must be like a 2029 or something because MEM already has one for 2030 with them.
Memphis has been doing dumb things for the last two years. But yeah this is surprising
Memphis is getting Watanabe and Goodwin. Not very familiar with Roddy, does it seem like a good trade for the Grizzlies now? I really like Watanabe, but he just couldn’t crack the Suns line up.
Roddy and Royce are nice rotational pick ups for a few end of the bench players
PHX not winning it all anyways as Beal and KD will have to play 40min a night in the playoffs. They have no bench so playing 6-7 guys is not going to work.
That situation has improved by picking up these two guys. They’re sending out players who have no effect outside of garbage time.