On the other side of things, waiving and keeping Paul on a new, smaller deal would still cost them a lot this year, as they would essentially be paying Paul anywhere in the realm of $16 million to $22 million, including the money they owe him from his first contract, during the 2023-24 season instead of his full $30.8 million. This would save the Suns a little bit of money heading towards free agency, and they would have their $5 million taxpayer mid-level exception accessible. In order for the Suns to waive and re-sign Paul, they would need to eat the $15.8 million partial-guarantee dead cap they would accumulate immediately. Agreeing to a new deal after waiving him is certainly an option for the Suns, but once again, there is a catch to this. Paying $30.8 million to Paul at this point in his career would not be advantageous to the team whatsoever, especially given their overall financial crisis. Not to mention, he would be taking a lesser role offensively with Durant and Booker leading the charge. At 38 years old, the future Hall of Famer is nearing the end of his career and is not the All-Star player he once was. There is a catch, though, as the Suns opening this door to waive Paul then presents them with other choices and doors to potentially open.īased on this scenario of waiving Paul, the first choice that then comes to light for the organization is whether or not they want to get out of this contract in order to sign him to a more team-friendly deal. This would essentially move them below the luxury tax apron of $169 million that they are attempting to avoid. If the Suns were to waive Paul before his deal was to become guaranteed, they would save about $15 million. This is why the Suns are giving serious thought to the idea of waiving Paul, but there are a few ways they can approach this situation. Phoenix is already exceeding $165 million in total payroll for next season with just seven players having contracts entering the offseason, so cutting costs will be essential this summer. The final year of the deal is non-guaranteed. ![]() Paul has two more years left on his contract, but his contract is only partially guaranteed for $15.8 million and does not become guaranteed in full for the 2023-24 season until June 28. ![]() The Suns are already giving thought to moving on from their veteran point guard after he recently just finished up his third season with the organization. The young depth they once had is no more and by leveraging their draft assets for Durant, Phoenix fully expects to win a title in the coming years.Īs a result, major financial decisions will have to be made. The Suns looked like they would be a force for a long time to come with Devin Booker and Chris Paul as the focal points of their team, but now there is a sense of urgency in the desert, especially with key decisions having to be made regarding Paul’s future.īy trading for superstar Kevin Durant at the trade deadline this past season, the Suns have put themselves on the clock in terms of contending for a title. In 2021, the Phoenix Suns made a trip to the NBA Finals after being one of the laughingstocks of the league for quite some time.
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