Phoenix Suns guard Grayson Allen has secured his future with the team by signing a lucrative four-year, $70 million contract extension. The deal includes a player option, giving Allen some flexibility down the line.
This extension comes on the back of a stellar season for Allen, where he posted career-best numbers of 13.4 points, 3.1 assists, and 3.9 rebounds per game. His sharpshooting from beyond the arc was particularly impressive, as he led the NBA with a 46.1% three-point shooting percentage.
However, this new deal also brings significant financial implications for Suns owner Mat Ishbia, as it pushes the team’s payroll to the top of the league, resulting in luxury tax penalties.
As the Suns gear up to face the Minnesota Timberwolves in the first round of the Western Conference playoffs, they could potentially face punitive consequences under the league’s new collective bargaining agreement for exceeding the luxury tax apron.
Allen’s impact on the team has been undeniable since he was acquired in a three-team trade involving Damian Lillard. In just seven games, he managed to make eight three-pointers and tied for the second most three-pointers in franchise history with 205 on the season.
With Allen locked in for the foreseeable future, Suns fans can look forward to seeing more of his sharpshooting and contributions on the court as they aim for a deep playoff run.
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