Chris Paul re-signs with the Phoenix Suns
After turning down his $44 million player option, the thought that Chris Paul’s time in Phoenix was a one-and-done must have crossed the hearts of Suns fans. But it turns out the 36-year-old just wanted a bigger bag, which he got. $120 million gives Paul four more years to try and finally bring the championship to Phoenix.
— Bleacher Report (@BleacherReport) August 2, 2021
The Suns front office did the obvious but smart thing. It would have been foolish to demolish the team that lost in the finals to Milwaukee rather than just build on last season and hope to take it one step further.
Even from a financial point of view, this deal makes a lot of sense because it affords the Suns the room to further strengthen this season. If Paul can still make All-NBA second teams, like he did last season, then he can still earn top dollar.
Chris Paul will obviously earn more money over the next four years but his salary for next season will be lower than what he earned last season, freeing up more room beneath the luxury tax line.
As a result, they’ve been able to retain Cameron Payne on a three-year deal worth $19 million and could be acquiring more role players soon.
To be clear, the Suns have retained their starting point guard/leader and also somehow saved some money at the same time, fantastic business for all involved and NBA free agency is just getting started.
Featured Image via Kevin C. Cox/Associated Press