The Phoenix Suns have been one of the most active teams on the trade market in the past few seasons. Just months after making a statement signing in the form of Kevin Durant, they recently signed Bradley Beal while sending Chris Paul away. As a result, they once faced the risk of having to pay a huge $90 million luxury tax because of outrageous salaries.
It seems the Suns have solved a part of their problem. According to a recent update, they are trading away a 28-year-old star in order to save on luxury taxes, which also signals the arrival of a 7?2″ NBA giant.??
Phoenix Suns set to save on luxury taxes with the latest trade
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The Suns have freed some much-needed cap space while also vacating roster space with their latest trade. Their latest moves will see 28-year-old Cameron Payne switching sides with the San Antonio Spurs.
A second-round pick and cash is also included in the deal, which saves around $15 million in luxury taxes for the Phoenix Suns. Payne earned $6 million last season and was set to earn $6.5 million next season.?
The Athletic’s Shams Charania confirmed the Payne trade, while eminent journalist Evan Sidery added some other details about the Suns’ plans.?
The Suns will save around $15 million in luxury tax payments salary dumping Cam Payne to the Spurs.
— Evan Sidery (@esidery) July 16, 2023
Phoenix now has a roster spot available to sign Bol Bol to a minimum contract. https://t.co/fFmo8kABcZ
Additionally, he also revealed that the Suns will be signing 7-foot-2 inches tall, Bol Bol.
The 23-year-old son of NBA veteran Manute Bol will be signed to a one-year minimum contract. He had his best season with the Orlando Magic last year, averaging 9.1 points, 5.8 rebounds, and 1.1 assists.
Does Kevin Durant have an NBA-winning team around him?
Despite recent disappointments, the Suns still have a great roster. A starting backcourt of Bradley Beal, Kevin Durant, and Devin Booker instantly makes them a title contender next season.
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Moreover, they have one of the deepest rosters in the league with good role players coming off the bench. However, they still have a lot to prove to their large fanbase after failing to win silverware.
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What are your thoughts on the Phoenix Suns’ trades? Let us know in the comments below.
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