Phoenix Suns Rumors | Hoops Rumors

Suns Notes: Roster, TPEs, Payne Trade Details, More

July 18th, 2023 at 8:13am CST by Luke Adams

Once the Suns officially sign Bol Bol, their 15-man roster should be set for the regular season, tweets John Gambadoro of Arizona Sports 98.7. Phoenix will have 13 players on guaranteed salaries, with Jordan Goodwin on a partially guaranteed contract and Ish Wainright on a non-guaranteed deal.

While the Suns could make additional moves with their two-way contract slots – Saben Lee is currently the team’s only two-way player – Gambadoro doesn’t anticipate any more changes to the standard roster before the season begins. As he observes, a pair of recent trades replenished the club’s supply of second-round picks, so those second-rounders and a pair of traded player exceptions could be used during the season in order to seek out further upgrades to the roster.

Phoenix’s $5MM trade exception from last season’s Dario Saric deal will expire in February. The new $6.5MM TPE created in the Cameron Payne deal technically won’t expire until next July, but the team will only be able to use it up until the 2024 trade deadline, notes ESPN’s Bobby Marks (Twitter link).

At the end of the 2023/24 regular season, more punitive restrictions for teams above the second tax apron will go into effect. One of those new rules will prohibit those teams from using trade exceptions.

Here’s more on the Suns:

Phoenix sent $5.7MM in cash to the Spurs in the Payne trade, according to Marks (Twitter link). Teams above the second tax apron also won’t be permitted to send out cash in trades after the ’23/24 regular season, so the Suns are taking advantage of the opportunity to do so while they still can.
The 2024 second-rounder that the Suns acquired in the Payne deal is San Antonio’s own pick, per Marks (Twitter link). However, the Spurs already traded that 2024 second-rounder with top-54 protection to the Celtics — they put top-49 (and 55-60) protection on it in the deal with Phoenix, so the Suns will receive it only if it lands between 50-54.
Duane Rankin of The Arizona Republic shares five takeaways from the Las Vegas Summer League, while Gerald Bourguet of GoPHNX.com provides five takeaways from the club’s recent transactions.
The Suns are moving forward with their transition to Gray Television for game broadcasts after Diamond Sports Group declined to make a counter-offer. Rankin has the details in a story for The Arizona Republic.

Suns Trade Cameron Payne To Spurs

July 17th, 2023 at 5:03pm CST by Luke Adams

JULY 17: The trade is official, the Suns PR department tweets. The Spurs have also confirmed the deal, announcing in a press release that the pick they acquired from Phoenix is the Pelicans’ 2025 second-rounder. San Antonio surrendered a protected 2024 second-rounder in the swap.

JULY 16: The Suns have agreed to trade point guard Cameron Payne to the Spurs, according to Shams Charania of The Athletic (Twitter link), who reports that San Antonio will also acquire a second-round pick and cash in the deal.

Confirming Charania’s report, Adrian Wojnarowski of ESPN (Twitter link) says Phoenix will receive a future second-round pick in the swap. That selection will be protected, sources tell Duane Rankin of The Arizona Republic (Twitter link).

Payne, whose name had popped up in trade rumors as of late, appeared in 48 games for the Suns last season, averaging 10.3 points, 4.5 assists, and 2.2 rebounds in 20.2 minutes per night, with a shooting line of .415/.368/.766.

Following Phoenix’s trade of Chris Paul earlier in the offseason, Payne had his $6.5MM salary for 2023/24 guaranteed and looked like he’d get a chance to vie for the final spot in the team’s starting lineup, alongside Devin Booker, Kevin Durant, Bradley Beal, and Deandre Ayton.

Instead, the Suns are offloading the veteran guard in order to open up a spot on the roster for Bol Bol, who has agreed to sign a one-year deal with the club. John Gambadoro of Arizona Sports 98.7 (Twitter link) suggests that Payne would’ve been behind Jordan Goodwin on the depth chart, so the team was comfortable moving him.

According to Yossi Gozlan of HoopsHype (via Twitter), the move from Payne to Bol will reduce Phoenix’s projected luxury tax penalty by approximately $18MM and will generate a $6.5MM trade exception for the team. ESPN’s Bobby Marks (Twitter link) estimates that the tax savings will be $26.4MM. Still, it’s a little odd to see the Suns essentially dumping Payne’s contract when it had only been partially guaranteed (for $2MM) until June 29.

The Spurs, who will absorb Payne’s $6.5MM salary into their cap room, will still have a little over $5MM in space available once the trade is official, tweets Gozlan.

It remains to be seen whether San Antonio envisions Payne opening the 2023/24 season with the team — once Tre Jones and Sandro Mamukelashvili officially sign their agreed-upon deals and the Spurs acquire Payne, they’ll have 18 players on standard contracts. They’ll have to reduce that number to 15 ahead of opening night in October.

Magic Trade Three Second-Rounders To Suns For 2026 Pick Swap

July 17th, 2023 at 1:05pm CST by Luke Adams

JULY 17: The draft-pick trade is now official, the Magic announced (via Twitter).

JULY 16: The Magic and Suns have agreed to a draft-pick trade that will send three second-rounders from Orlando to Phoenix in exchange for a 2026 first-round pick swap, reports ESPN’s Adrian Wojnarowski (Twitter link).

The Suns have already given the Wizards the right to swap first-round picks in 2026 as part of their Bradley Beal blockbuster, so the Magic will get the opportunity to swap their own 2026 first-rounder for the least favorable of Phoenix’s and Washington’s two picks. The Suns will end up with the worst of the three picks.

The three second-round picks headed to Phoenix in the trade are as follows, per Wojnarowski and ESPN’s Bobby Marks (Twitter link):

The Nuggets’ 2024 second-rounder.
The least favorable of the Magic’s, Pistons’, and Bucks’ 2026 second-rounders.
The Celtics’ 2028 second-rounder (top-45 protected).

It’s a fascinating deal, and the third one of its kind that we’ve seen made this offseason. The Suns and Grizzlies completed a similar trade involving three second-rounders and first-round pick swaps in 2024 and 2030. The Spurs gave up multiple second-rounders in a three-team deal with Dallas and Boston in order to gain the right to swap 2030 first-round picks with the Mavericks.

The Suns are essentially betting on their own continued success in order to replenish their collection of second-round picks, which was depleted in the Beal trade. As long as Phoenix is among the NBA’s best teams, those swaps should’t amount to much, in which case the Suns are essentially adding second-round picks for free.

The Magic, meanwhile, are betting on their own ascent, and gambling against the sustained success of the Suns and the retooling project in Washington. The hope in Orlando is that the Magic will have moved up far enough in the standings by 2026 that they’ll get to take advantage of their swap rights in order to move up at least a few spots in the first round of the draft.

Scotto’s Latest: Suns, Pacers, Knicks, Wright, Hornets, More

July 15th, 2023 at 2:32pm CST by Rory Maher

The Suns, Pacers and Knicks recently had exploratory trade talks on a deal that would have sent Cameron Payne to New York, T.J. McConnell to Phoenix, and Evan Fournier and draft picks to Indiana, league sources tell Michael Scotto of HoopsHype. Other iterations of the deal included Jordan Nwora, according to Scotto, though it’s unclear where the Pacers forward would have ended up in that framework.

However, the talks on the three-team trade have stalled, Scotto reports. Jake Fischer of Yahoo Sports was first to report the Suns and Pacers discussed a deal involving Payne and McConnell, and suggested the Knicks may have been involved as well.

Here’s more from Scotto’s latest article for HoopsHype:

League sources tell Scotto that the Hornets are on the hunt for a backup point guard after Dennis Smith Jr. signed with the Nets in free agency. As Scotto previously reported, Charlotte had interest in Aaron Holiday, but he wound up signing with the Rockets. According to Scotto, one player on Charlotte’s radar is Wizards guard Delon Wright, who will make $8.2MM next season in the final year of his contract. The Wizards traded for Tyus Jones and Jordan Poole, and Wright was signed by the previous front office regime. The 31-year-old has already seen his name pop up in a few other trade rumors this offseason.
Scotto recently spoke to a handful of second-round picks at Summer League about their goals entering their rookie seasons. Those players are Nuggets guard Jalen Pickett, Celtics forward Jordan Walsh, and Mouhamed Gueye and Seth Lundy of the Hawks. Walsh, the No. 38 pick of the 2023 draft, has high expectations for himself, he told Scotto. “If I get a chance to play with these guys and help the team, I want to be on the All-Defensive First or Second Team or Defensive Player of the Year,” Walsh said. “My goals are defensively oriented and winning a championship, which is No. 1. If I’m able to accomplish any of those things, I’d feel my rookie year went pretty well.”
In case you missed it, we passed along some Raptors rumors and free agent rumors from Scotto as well.

Pacific Notes: Vincent, Gordon, Vezenkov, Jackson-Davis

July 14th, 2023 at 9:28am CST by Luke Adams

Discussing his move from Miami to Los Angeles, Gabe Vincent said that he was “honored (the Lakers) reached out to me” when he became a free agent, as Khobi Price of The Southern California News Group (subscription required) writes.

After earning the minimum salary during his first four seasons in the NBA, Vincent received a considerable raise as a free agent this summer and will make $11MM annually on his new three-year deal with the Lakers. Despite the substantial pay bump, the 27-year-old is ready to accept whatever role the team he wants him to play, big or small.

“I’m just here to add on,” Vincent said. “They have a great core, a great situation, and hopefully I can just add to it and help us bring home a championship.”

Here’s more from around the Pacific:

After falling short of an NBA title during his time in Houston, Suns guard Eric Gordon is bullish about his chances of contending for a championship with his new team, per Duane Rankin of The Arizona Republic. Gordon took a significant pay cut, agreeing to a minimum-salary deal with Phoenix. “I’m older in my career so I’ve played for a long time and money is not always such an issue,” Gordon said. “Of course, I want a lot more, don’t get me wrong. But at the end of the day, I want to do well here every year that I’m here and we’ll just see what happens down the line, but that’s why I want to come here, win a championship.”
Although Sasha Vezenkov has officially signed his contract with the Kings, who submitted it to the NBA’s league office, the forward is still awaiting a letter of clearance from FIBA in order for that contract to become legally binding, a source tells Jason Anderson of The Sacramento Bee. That’s expected to happen soon, at which point the Kings will officially announce the signing.
After missing the Warriors‘ first three Las Vegas Summer League games due to a right hamstring injury, second-round pick Trayce Jackson-Davis made his debut on Thursday, scoring 14 points and grabbing seven rebounds in 20 minutes. C.J. Holmes of The San Francisco Chronicle takes a look at what Golden State is getting in Jackson-Davis, a mature 23-year-old rookie who may nonetheless find minutes hard to come by in his first NBA season.

Suns Re-Sign Saben Lee To Two-Way Deal

July 13th, 2023 at 7:41pm CST by Alex Kirschenbaum

The Suns are bringing back point guard Saben Lee on another two-way deal, having officially signed him to a new contract, the team announced in a press release (Twitter link via Gerald Bourguet of PHNX Sports).

Lee inked his first two-way contract with Phoenix in January of this past season.

“Saben plays with toughness and aggression on both ends of the court,” team president James Jones is quoted as saying in the press statement. “His point guard instincts and ability to attack the rim are critical traits for us as we seek to build a better team.”

This move was not entirely unexpected, as the 6’2″ vet received a two-way qualifying offer from the Suns earlier this summer, effectively giving the club extra optionality to retain him as a restricted free agent.

Across 23 regular season contests with the Suns last year, the 24-year-old out of Vanderbilt averaged 6.3 PPG on .393/.379/.737 shooting splits, along with 2.8 APG, 2.0 RPG and 0.8 SPG. This will be the last season that he’s eligible to play on a two-way contract.

The Suns still have a pair of two-way slots available after re-signing Lee.

Pacific Notes: Ishbia, Suns, Christie, Clippers, Vezenkov

July 13th, 2023 at 1:08pm CST by Rory Maher

Chris Paul caused a stir last month when he repeatedly said Isiah Thomas was involved in the Suns‘ decision to trade him for Bradley Beal, but owner Mat Ishbia says Thomas had no role in the deal.

“When decisions are made in the organization, (president of basketball operations and GM) James Jones, myself, (CEO) Josh Bartelstein, (head coach) Frank Vogel, our executive team make decisions,” Ishbia told Duane Rankin of The Arizona Republic. “Outside people don’t have any role in our decision-making process. They never have, they never will. I’ve asked for advice from a lot of people, specifically Tom Izzo, Isiah Thomas, Mateen Cleaves, Charlie Bell. I talk to a lot of people, but honestly, on this situation, not one of those people were consulted on this decision.”

In an Insider-only article for ESPN, Brian Windhorst takes a look at Ishbia’s active involvement in the Suns organization. Sources tell Windhorst that Thomas has spent time informally advising in Phoenix, but his unofficial role has been reduced in recent weeks after the team filled out its front office. Windhorst’s sources confirm that Thomas was not involved in the Beal/Paul trade.

Here’s more from the Pacific:

Lakers wing Max Christie has been excelling during Summer League action, and he hopes that his work this offseason will lead to more minutes in 2023/24, which will be his second NBA season. “I just want to be in the rotation and play as much as possible,” Christie told Jovan Buha of The Athletic. “I just want to play as much basketball as I can. Last year was motivation to get to that spot. That’s really all it is. That’s my mission. That’s my goal.” The 20-year-old has put on about 15 pounds of muscle since he was drafted last year, Buha adds. In another article for The Athletic, Buha examines the Lakers’ depth chart, with Christie currently slotting in as the backup shooting guard behind Austin Reaves.
Should the Clippers offer contract extensions to Kawhi Leonard and Paul George? Andrew Greif of The Los Angeles Times spoke to rival executives and an agent to solicit opinions on what path the Clippers should take with their oft-injured star duo.
In an interview with Eurohoops.net, reigning EuroLeague MVP Sasha Vezenkov talked about his decision to sign with the Kings and being an NBA rookie at 27 years old. “It’s a dream and a potential,” the forward said as part of larger quote. “Because I’m not doing this just for living the NBA dream. In any dream, I see potential. A potential that can teach me something and evolve me. I’m not going to the USA to come back soon. I want to be tested in the NBA. I’m thinking about everything positively. I’ll start at zero. Now, the work I’ll do will be even bigger. I know what I’ve been through and how much I’ve worked. You can’t buy experience. I think the circumstances are the best.”

Contract Details For Josh Okogie

July 13th, 2023 at 7:51am CST by Luke Adams

Suns wing Josh Okogie received a Non-Bird deal when he re-signed with the team, according to Bobby Marks of ESPN (Twitter link). Rather than earning the veteran’s minimum, Okogie will make 20% above the minimum on his new two-year contract, which includes a second-year player option. His salary in 2023/24 is $2,815,937, while his ’24/25 player option is worth $2,956,734.

As Marks notes, the Suns have now signed six free agents to two-year contracts with second-year player options — Okogie joins Keita Bates-Diop, Drew Eubanks, Eric Gordon, Damion Lee, and Yuta Watanabe in that group. The other five players received minimum-salary deals.

The offers, which include some security beyond 2023/24, may have helped the Suns land their preferred targets on the free agent market. However, they’ll also increase the club’s total salary and end-of-season luxury tax bill. As we’ve previously outlined, the NBA covers of portion of veteran’s minimum salaries for players who sign for a single season, but not for players who sign multiyear minimum contracts.

For instance, Gordon would have earned a $3,196,448 salary in 2023/24 regardless of whether he signed for one year or two. But because he received a second year, Phoenix will be responsible for paying that full salary (and the accompanying tax penalty based on that full salary). On a one-year deal, the Suns would’ve paid Gordon a reduced amount ($2,019,706), with the league making up the difference.

Fischer’s Latest: Blazers, Simmons, Payne, McConnell, Fournier

July 12th, 2023 at 7:14pm CST by Rory Maher

Trail Blazers general manager Joe Cronin didn’t appear to be posturing when he recently commented on the status of Damian Lillard‘s trade request, according to Jake Fischer of Yahoo Sports, who writes that there wasn’t any buzz at Summer League about progress between the Blazers and the Heat on a possible deal.

Based on the way Portland has patiently handled the situation thus far, Fischer believes the process could indeed take months. The Blazers are said to be looking for something in the neighborhood of a Kevin Durant-type return in exchange for Lillard — a couple of very good young players and four first-round picks.

Here’s more from Fischer:

The Nets have been linked as a possible third team trade partner in talks between Portland and Miami (with rumored interest in Tyler Herro), but league sources tell Fischer that Brooklyn hasn’t had any serious talks involving Ben Simmons on that front. As Fischer points out, the Nets are surely aware that Simmons’ value has cratered, but they also seem “genuinely intrigued” by pairing a healthy Simmons with a much different roster in 2023/24 after trading Durant and Kyrie Irving.
The Suns have been involved in trade talks regarding point guard Cameron Payne, with Phoenix targeting Pacers point guard T.J. McConnell, perhaps in a multi-team deal, Fischer reports. Payne recently had his expiring $6.5MM contract fully guaranteed, while McConnell will earn $18MM over the next two seasons, $13.7MM of which is guaranteed.
The Knicks continue to actively explore Evan Fournier trades and are open to multi-team scenarios, sources tell Fischer. Fournier was pulled from New York’s rotation fairly early last season, only appearing in 27 contests and struggling with his shot in limited minutes. The 30-year-old will earn $18.86MM in 2023/24 and has a $19MM team option for ’24/25 that is highly likely to be declined.

Suns Acquire Three Second-Rounders From Grizzlies For Todd, First-Round Swaps

July 11th, 2023 at 1:53pm CST by Dana Gauruder

JULY 11: The Grizzlies and Suns have officially announced the trade (Twitter links).

JULY 6: The Grizzlies are trading three second-round picks to the Suns for Isaiah Todd and first-round pick swap rights in 2024 and 2030, ESPN’s Adrian Wojnarowski tweets.

The second-rounders are a 2025 pick originally owned by the Pelicans, as well as Memphis’ own 2028 and 2029 picks.

The first-round pick swaps will involve the less favorable of the Suns and Wizards‘ picks, Wojnarowski adds (Twitter link). Phoenix gave Washington the right to swap first-rounders in those years as part of the Bradley Beal blockbuster. Todd was also included in the Beal trade, so he’s been involved in two deals so far this summer.

Todd, an early second-round pick in 2021, only appeared in six games for the Wizards last season and wasn’t in the Suns’ plans going forward. He’s owed a guaranteed $1.84MM salary for the 2023/24 season, with a $1.99MM team option for ’24/25.

The trade will allow the Suns to move off Todd’s guaranteed salary and get down to 15 players on standard contracts without requiring the team to waive him and take the luxury-tax hit that would come from adding a replacement. Phoenix will also acquire some future second-rounders after dealing six away to Washington in the Beal trade, putting the team in position to use one or more of those picks as part of a future deal.

While it’s unclear whether or not Todd will still be on their roster by the start of the regular season, the Grizzlies are essentially betting on their future in the short and long term by giving themselves an opportunity to move up in the first round next June, as well as in 2030.