Phoenix Suns Rumors | Hoops Rumors

Sarver Reaches Agreement For Sale Of Suns, Mercury

December 20th, 2022 at 6:15pm CST by Arthur Hill

6:15pm: Sarver has issued a statement, confirming that an agreement has been reached between him and brothers Mat and Justin Ishbia regarding the purchase of the majority stake in the Suns and WNBA’s Mercury, Charania tweets. The agreement values the Suns and Mercury at $4 billion.

The deal involves more than 50% ownership of the team, including all of Sarver’s interest, and a portion of the interest of minority partners. Mat Ishbia will serve as governor, while Justin Ishbia will serve as alternate governor, pending league approval.

12;05pm: Mat Ishbia, a billionaire mortgage lender, is finalizing a deal to buy the Suns, reports ESPN’s Adrian Wojnarowski. Ishbia will pay about $4 billion, according to Wojnarowski, which would be a record price for an NBA team. The WNBA’s Phoenix Mercury will also be part of the deal, Woj adds.

Ishbia is chairman and CEO of United Wholesale Mortgage, which is based in Michigan, and he has a net worth of $5.1 billion, per Forbes. He played college basketball at Michigan State from 1999 to 2002 and won a national championship in 2000. He was part of a group that tried to buy the NFL’s Denver Broncos earlier this year, according to Mike Florio of NBC Sports.

Mat’s brother, Justin Ishiba, will be “a significant investor” as well and will serve as an alternate governor for the team, sources tell Shams Charania of The Athletic (Twitter link).

Current Suns owner Robert Sarver decided to sell the team in September following a lengthy investigation into workplace conditions. The NBA suspended Sarver for a year and fined him $10MM for behavior that “clearly violated common workplace standards.”

The law firm of Wachtell, Lipton, Rosen & Katz, which conducted the investigation, determined that Sarver had used racially insensitive language in the workplace, made inappropriate comments about female employees and treated workers in general in a “demeaning and harsh” manner.

In a statement issued when he decided to sell the Suns, Sarver said he “deeply” regrets the comments he made to employees and vowed to “work on becoming a better person.” He also expressed disappointment at not being able to return to running the team and “make amends” for his behavior.

Sarver purchased the Suns in 2004 for $401MM, so he will realize a huge profit from the sale. The current record price for an NBA team is $2.35 billion, which Joe Tsai paid for the Nets in 2019. As Wojnarowski notes, the Lakers sold a minority share based on a $5 billion valuation, but that deal only involved a small portion of the team’s ownership changing hands.

Although Sarver only owned about one-third of the Suns’ shares, he has the authority to sell the team in full as its managing partner, sources tell ESPN. Mat Ishbia will have to undergo a background check and his purchase of the franchise will be subject to a vote by the NBA’s Board of Governors, but that’s expected to be a formality, per Wojnarowski.

Luke Adams contributed to this story.

Suns Notes: Sarver Fallout, Rowley, Booker, Williams, CP3

December 20th, 2022 at 9:24am CST by Luke Adams

Although Suns owner Robert Sarver was suspended and fined by the NBA and is now planning to sell the team, a number of current and former Suns employees are still wondering whether other executives who contributed to creating a toxic workplace will face any punishment, reports Baxter Holmes of ESPN. CEO Jason Rowley is among those accused of mistreating staffers. As Gerald Bourguet of PHNX Sports tweets, the club put out a statement claiming that there are “factual inaccuracies” in Holmes’ report and that the franchise’s leaders have taken accountability for the allegations found to have merit.
Suns head coach Monty Williams blamed himself for the groin injury that sidelined Devin Booker on Monday. “Let’s be straight, I played him way too many minutes,” Williams said (Twitter link via Bourguet). “I can’t look at anybody else when I put players in harm’s way.”
Suns point guard Chris Paul brushed off a taunt from Lakers guard Patrick Beverley on Monday, writes Dave McMenamin of ESPN. Beverley made a “too small” gesture when he converted an and-one against CP3 that cut L.A.’s deficit from 26 points to 23. “You can’t pay attention to that stuff,” Paul said. “That ain’t new. He ain’t come up with it. But just play basketball, man.” Beverley was suspended three games for shoving Deandre Ayton the last time the two teams faced one another.

Lakers’ James, Suns’ Booker Out For Monday’s Matchup

December 19th, 2022 at 4:02pm CST by Rory Maher

Lakers star LeBron James has been ruled out for Monday’s contest in Phoenix due to left ankle soreness, tweets Kyle Goon of The Southern California News Group.

Guard Austin Reaves will also be sidelined with a right ankle sprain, while fellow guard Patrick Beverley is questionable with right calf soreness.

It will be James’ eighth missed game thus far in 2022/23, and the timing isn’t great since Anthony Davis is reportedly out for at least a month after injuring his right foot in Friday’s win over Denver. However, it’s the second game of a back-to-back — the Lakers defeated the Wizards on Sunday night — so the team is likely being cautious with its star forward, who will turn 38 on December 30.

Losing Reaves is a big blow as well. His counting stats are fairly modest — he’s averaging 10.8 PPG, 3.1 RPG and 2.1 APG through 29 games (29.5 MPG) — but his efficiency is elite: his shooting slash line is .521/.391/.915, including a .680 true shooting percentage. It will be the 24-year-old’s first missed game of 2022/23.

The Suns will also be without their best player, writes Duane Rankin of The Arizona Republic. Shooting guard Devin Booker, who was previously listed as questionable with groin soreness, has been downgraded to out for tonight’s game against the Lakers.

Booker scored a season-high 58 points in Saturday’s victory over New Orleans, but he’d been dealing with left hamstring tightness early last week, which caused him to miss a couple games. It’s unclear if the two injuries are related or how long the 26-year-old might be sidelined, but the fact that he was initially deemed questionable seems to indicate that he should be back in action fairly soon.

Suns Notes: Booker, Ayton, Landale, Payne, Okogie, Bridges, Johnson

December 18th, 2022 at 8:33pm CST by Dana Gauruder

Suns guard Devin Booker erupted for 58 points against New Orleans on Saturday but it’s no slam dunk that he’ll play Monday against the Lakers, according to Duane Rankin of the Arizona Republic.

Booker is listed as questionable to play due to groin soreness. He recently missed two games due to hamstring tightness.

Several other prominent players are on the injury report. Deandre Ayton (left ankle sprain), who has missed the last two games, is also listed as questionable. Jock Landale (concussion protocol) and Cameron Payne (right foot strain) won’t play.

We have more on the Suns:

Josh Okogie has continued to impress his teammates and coach with his energy and effort, Dana Scott of the Arizona Republic writes. Okogie didn’t hit a single field goal, but made seven free throws and grabbed six rebounds (four offensive) against the Pelicans on Saturday. “I thought the offensive rebounds he got were just about as impressive as any play that happened (Saturday),” coach Monty Williams said. “He just kept going, and you could see him spring off the ground. Go above everybody to get it, like I said, I have to figure out ways to get him on the floor because he helps us on both ends.” Okogie is on a veteran’s minimum deal and will be an unrestricted free agent next summer.
Mikal Bridges, who is in the first season of a four-year, $90MM extension, is disappointed with his defense this season, he told Mark Medina of NBA.com. “It’s early, but I have to continue to get better and not have any lapses,” he said. “I’ve had a lot of lapses with getting beat on (backdoor) cuts. I have to stay with it. They want me scoring more, but I still have to stay locked in on the defensive end. I have to be more aggressive and physical.”
Cameron Johnson, rehabbing from meniscus surgery performed early last month, did some shooting during Saturday’s shootaround without a knee brace, Rankin notes. “He’s looked good,” forward Torrey Craig said. “I’ve been checking him out in the weight room, watching him do things in there, and then coming out shooting with us. Obviously, a huge step.”

Ayton, Booker Questionable For Thursday; Payne Out

December 15th, 2022 at 8:50am CST by Luke Adams

Deandre Ayton (left ankle sprain) and Devin Booker (left hamstring tightness) are listed as questionable for the Suns‘ game on Thursday vs. the Clippers, tweets Gerald Bourguet of GoPhnx.com. Booker has missed Phoenix’s last two games, but said on Tuesday that he feels “healthy” and “strong,” per Duane Rankin of The Arizona Republic, so his return appears imminent. The team will be without point guard Cameron Payne, who left Tuesday’s loss due to a right foot sprain, Bourguet adds.

Trade Rumors: Sixers, Bogdanovic, Quickley, Bamba

December 14th, 2022 at 3:00pm CST by Luke Adams

Every trade deadline features at least a small handful of deals that are exclusively about money rather than players, and this season’s deadline likely won’t be any different, writes Eric Pincus of Bleacher Report. Pincus suggests the Sixers are one team worth keeping a close eye on for a possible financially motivated trade.

Philadelphia is just barely over the luxury tax line, so moving a player like Jaden Springer or Shake Milton to sneak under that threshold would save a ton of money for the team. Not only would the Sixers avoid paying a small tax bill in that scenario — they’d also be one of the non-taxpayers that receives a portion of the league-wide tax payments at season’s end. Pincus has estimated that each non-taxpayer will get a share of about $17MM, based on the current tax projections.

Here are a few more highlights from Pincus’ latest look at the trade market:

Although the Pistons‘ front office has downplayed the likelihood of a Bojan Bogdanovic trade, Pincus hears from “well-placed” sources that Detroit may simply be waiting for an offer with a “suitable” first-round pick. Presumably, a suitable first-rounder would be one that doesn’t include heavy protections and has a chance to land in the teens or higher.
While there has been no indication they’re pursuing him, some rival executives think the Mavericks should be targeting Knicks guard Immanuel Quickley, Pincus writes.
Pincus identifies Magic center Mohamed Bamba as a possible trade candidate to watch, since his role has declined due to Paolo Banchero‘s arrival and Bol Bol‘s emergence. Bamba’s 2023/24 salary is non-guaranteed, so his two-year, $20.6MM contract is relatively team-friendly.
The three-team trade talks the Suns had with the Bucks and Rockets about a possible Jae Crowder trade expanded to include the Warriors, who are among the teams with interest in Crowder, says Pincus. However, nothing came of those discussions.

Rockets Notes: Gordon, Martin, Silas

December 14th, 2022 at 11:05am CST by Luke Adams

The Rockets have had preliminary trade talks about veteran shooting guard Eric Gordon with approximately a half-dozen teams, a source tells Jonathan Feigen of The Houston Chronicle.

According to Feigen, a number of contenders are expected to target Gordon, given his ability to make outside shots and defend multiple positions. His pseudo-expiring contract, which is non-guaranteed for next season, should also be appealing to potential suitors.

However, Gordon’s cap hit of $19.6MM will make him a tricky piece to move, and the Rockets don’t feel any urgency to get a deal done, given that he remains under contract for 2023/24. Although the 33-year-old’s $20.9MM salary for next season isn’t cheap, Houston projects to have significant cap room and may decide that hanging onto Gordon is the best way to use of a chunk of that room.

The Rockets’ asking price for Gordon remains high, which will also complicate a potential trade. According to Feigen, Houston doesn’t just want a 2023 first-round pick from a contending team, since such a first-rounder would likely end up in the mid- to late-20s. The Rockets would be looking to add a pick in a future season or one from a third team that has a chance of landing higher in the first round, Feigen explains.

Acquiring a future pick may be a more realistic outcome, since three-team deals are complicated and Houston isn’t all that interested in adding a third 2023 first-rounder to its collection with so many young players already on the roster, says Feigen. The Rockets owe their own first-rounders to Oklahoma City in 2024 and 2026, so they may be more inclined to fortify their cache of draft assets in those years (though they do control Brooklyn’s ’24 and ’26 picks).

Here’s more on the Rockets:

As Shams Charania reported earlier in the week, the Rockets’ asking price for Kenyon Martin Jr. is even higher than their price for Gordon. Feigen classifies Houston as “hesitant” to move Martin, since he’s enjoying a career year and still has room to grow at age 21. Feigen also observes that Martin’s contract would give the Rockets the option of declining his 2023/24 team option to sign him to a long-term contract as a restricted free agent — the club took that path with Jae’Sean Tate this past summer.
The proposed three-team trade involving the Rockets, Suns, and Bucks that Charania mentioned on Monday didn’t get very far down the line. According to Feigen, it “never gained traction past the proposal stage or a second phone call.”
Stephen Silas rejoined the Rockets for Tuesday’s game just three days after the death of his father Paul Silas and his emotions remained raw before and after his club’s upset win over Phoenix, Feigen writes in another Houston Chronicle story. “Definitely great to be back,” said Silas, who added that his father would have told him to “get his butt out there and coach” his team. “I love these guys. I love this team. I kind of didn’t want the game to end because now, real life starts up again.”

Community Shootaround: Phoenix Suns

December 13th, 2022 at 7:55pm CST by Dana Gauruder

The Phoenix Suns appear to be in a tricky spot two months into the season.

On the surface, the Suns still rank as one of the league’s top teams. They were two victories from capturing the NBA championship two seasons ago. They proved that was no fluke last season by piling up 64 regular-season victories and entering the postseason as the No. 1 overall seed.

They couldn’t sustain that dominance in the playoffs, as they required six games to knock out the upstart Pelicans, then saw their season end unceremoniously with a Game 7 collapse against the Mavericks in the Western Conference semifinals.

Despite the distraction of owner Robert Sarver’s suspension and injuries to starters Chris Paul and Cameron Johnson, the Suns got off to a strong start this season. They were 16-7 but have since lost four straight.

They were blown out by the Mavs and Celtics before back-to-back losses to New Orleans, which has the look of a serious contender with the return of Zion Williamson.

The Suns should still finish in the top six in the Western Conference. They have one of the league’s premier players in Devin Booker, who is averaging a career-best 27.4 points per game.

After allowing Deandre Ayton to enter restricted free agency over the summer, the Suns chose to match the Pacers’ giant offer sheet. Ayton has remained productive, posting numbers in line with his previous seasons.

Paul has finally returned from his nagging heel ailment. Johnson should return sometime next month from his knee injury.

The Jae Crowder situation still looms over the front office. It’s not a question of if, but rather when, Crowder will be dealt. GM James Jones has patiently waited for an offer that will presumably include a rotation player to help the team this season.

Will that be enough for the Suns to make a deep playoff run? Gerald Bourguet of GoPhnx.com doesn’t think so. He points out the team doesn’t get to the free throw line often enough and lacks the mental toughness of past teams.

Moreover, he sees the roster as being fundamentally flawed, lacking in ball-handling, offensive creation, playmaking and size at power forward.

The Suns have other assets besides Crowder to deal, most notably the expiring contracts of Dario Saric and Torrey Craig. They also own all of their future draft picks.

That brings us to today’s question: What should the Suns do to maintain their status as one of the Western Conference’s top teams? Will roster tweaks be enough or do they have to do something drastic to keep up with the other contenders?

Please take to the comments section to weigh in on this topic. We look forward to your input.

Garvin Confident Suns Will Get Value For Crowder

December 13th, 2022 at 5:44pm CST by Dana Gauruder

Suns interim governor Sam Garvin is confident the front office will get a solid offer for Jae Crowder, who is sitting out while he awaits a trade. “(GM James Jones and his staff have) had a lot of discussions with a lot of teams that are interested in Jae. As James said, there’s no magic wand of a timeline,” Garvin told Duane Rankin of the Arizona Republic (subscription required). “It’s going to happen when it’s going to happen, but I think Jae is going to go somewhere and do well and I think we’re going to get value for Jae.” Garvin addresses other topics in the Q&A, including Jones’ extension and the team’s inability to sign Cameron Johnson to an extension.
Suns star guard Devin Booker will sit out for the second straight game on Tuesday due to left hamstring tightness, Rankin writes in a separate story. Booker also missed Phoenix’s overtime loss to New Orleans on Sunday. Booker has a history of hamstring issues, Rankin notes.

Current Roster Doesn't Measure Up

December 12th, 2022 at 8:08pm CST by Dana Gauruder

The Suns aren’t good enough to win a championship the way their roster is currently constructed, Gerald Bourguet of GoPhnx.com opines. Bourguet believes they need more ball-handling, offensive creation, playmaking and size at power forward. It’s unlikely that simply trading Jae Crowder will solve all those issues, he adds.