In a series of significant discussions, the ownership and executives of the Phoenix Suns engaged in talks with Chris Paul and his representatives regarding the All-Star point guard's future with the franchise. Sources close to the situation revealed that one of the potential scenarios discussed was the possibility of Paul being waived by the NBA's June 28 guarantee date on his contract.
While the Suns are actively exploring various options for Paul's future, they emphasized to his representatives that they are considering multiple avenues. This indicates that Phoenix is diligently assessing trade opportunities involving both Paul and Deandre Ayton, which could potentially reshape the team's roster dynamics before reaching a final decision on Paul's partially guaranteed contract.
It's worth noting that if Paul were to be waived, only $15.8 million of his $30.8 million salary for the 2023-24 season would be guaranteed. However, if the Suns choose to retain Paul beyond the June 28 deadline, his entire salary for that season would become guaranteed. Speculation suggests that the Suns might opt to stretch and waive the guaranteed portion of Paul's salary ($3.16 million per season over the next five seasons) to create additional salary cap space. This strategic move would also grant the team the flexibility to utilize the $12.2 million taxpayer mid-level exception. Moreover, Paul's $30.8 million salary for the 2024-25 season remains non-guaranteed.
Despite the uncertainty surrounding his future, Chris Paul's desire is to continue his journey with the Phoenix Suns, teaming up with his close friend Devin Booker and superstar Kevin Durant, according to sources familiar with the matter. However, Paul and his representatives are urging the organization to reach a prompt decision regarding his fate. This would enable him to explore free agency opportunities if the Suns ultimately decide to waive him.
The discussions between the Suns' management, Chris Paul, and his representatives highlight the intricate dynamics at play as the franchise evaluates the best course of action. As the June 28 deadline approaches, the basketball world eagerly awaits the resolution of this intriguing situation, which could have significant implications not only for the Phoenix Suns but also for Chris Paul's future in the NBA.