Phoenix Suns guard Grayson Allen has agreed on a four-year, $70 million contract extension that features a participant possibility, his brokers Mitch Nathan, Aaron Mintz and Steven Heumann of CAA Sports activities advised ESPN on Monday.
The deal retains Allen out of unrestricted free company this summer season and rewards him for a career-best season with the Suns. Allen began 73 video games and averaged 13.4 factors, 3.1 assists, 3.9 rebounds and 33.5 minutes per recreation.
After touchdown along with his fourth crew in six seasons, Allen, 28, was desirous to re-sign as a part of a lineup of Devin Booker, Kevin Durant and Bradley Beal that enables him large area and room to function on the courtroom. His 46.1% on 3-pointers led the NBA this season.
Allen’s signing comes with huge luxurious tax implications for proprietor Mat Ishbia. The Suns may’ve changed him solely with minimal contract free brokers, so his re-signing was very important to the franchise’s capacity to maintain its core collectively. Allen’s $15.6 million wage within the first yr of the deal will value the Suns $79 million in payroll and tax — operating Ishbia’s projected 2024-25 payroll to $206 million with an extra $104 million in luxurious tax. That would be the highest within the league.
The sixth-seeded Suns will meet No. 3 seed Minnesota within the first spherical of the Western Convention playoffs.
The Suns are at the moment on books to exceed the league’s second apron by $16 million, which comes with it punitive penalties below the league’s new collective bargaining settlement. Over the second apron, the Suns might be forbidden to ship out money in offers, combination contracts or use a preexisting commerce exception. If the Suns end the 2024-25 season over the second apron, their 2032 first-round decide might be frozen and unavailable to make use of in trades.
Allen landed with the Suns as a part of a three-team Damian Lillard blockbuster commerce that delivered him from Milwaukee. He was the twenty first total pick of Duke to the Utah Jazz in 2018 earlier than spending two years with the Memphis Grizzlies and two with the Bucks.
Allen made eight 3-pointers in seven video games this season — essentially the most in such video games in Suns historical past and solely second to Steph Curry (8) this season, in accordance with ESPN Stats & Info. His 205 3-pointers this season had been tied for the second most in franchise historical past, per ESPN Stats & Data.
