JULY 6: O’Neale’s new contract with the Suns is official, according to the NBA’s transaction log. It has a base value of $42MM, with an additional $2MM in unlikely incentives, Hoops Rumors has learned.
JUNE 29: Free agent forward Royce O’Neale intends to sign a four-year, $44MM contract to remain with the Suns, according to Adrian Wojnarowski of ESPN (Twitter link).
The deal won’t feature either a team or player option and will be fully guaranteed, reports Zach Lowe of ESPN (Twitter link). It will be the most lucrative contract of O’Neale’s career, topping his previous four-year, $36MM extension that’s about to expire.
The No. 19 player on our list of this year’s top 50 free agents, O’Neale has been a reliable, durable wing since entering the league in 2017, never appearing in fewer than 69 games in a season across stints in Utah, Brooklyn, and Phoenix. The Suns acquired the former Baylor standout from Brooklyn in a three-team deal at February’s trade deadline.
A versatile defender with the size to match up against bigger wings and forwards, O’Neale isn’t much of an offensive threat, having never averaged more than 8.8 points per game in a season. But he’s a solid three-point shooter, with a career rate of 38.1% from beyond the arc, and he has averaged 3.2 assists per game over the past two seasons.
Because Phoenix projects to operate over the second tax apron in 2024/25, the team would have had no means to replace O’Neale or Grayson Allen with an equivalent player in free agency, so there was an expectation that both players would be re-signed. The Suns extended Allen in April and have now reached a deal to retain O’Neale as well.
Since O’Neale was expected to receive interest on the open market from rival suitors, the belief was that Phoenix would have to go up to three or four years to beat out clubs who might offer a higher starting salary. That turned out to be the case, with the Suns making a guaranteed four-year commitment to the 31-year-old.
As cap expert Yossi Gozlan tweets, adding O’Neale’s new deal to the Suns’ books increases their projected team salary for next season to nearly $217MM. The luxury tax line is expected to come in around $171.3MM. There may be more moves to come that push the Suns’ salary in one direction or the other, but based on the current projections – and accounting for tax penalties – it would be the second-most expensive roster in NBA history, says Gozlan.
I think this is a reasonable contract for Royce. A little surprised he didn’t get more from another team.
You can’t get more when you have already resigned with your present team.
He was number 1 on my Miami Heat FA wish list. Extremely important to keep him for them. Still can’t believe they got him in the first placece, and I consider this a discount
Your spelling is atrocious and your team has no cap space.
I’m vision impaired and it was a singular typo b/c of touch screen phone…get over yourself