Let me start off with... congratulations to Devin Booker on his first Olympic Gold Medal! He’s the first Suns player to bring home a Gold medal since Jason Kidd in 2000.
Secondly, some specifics on CP3’s new contract are out!
Here is a breakdown on the Chris Paul contract in Phoenix.
$75M of the $120M is guaranteed.
Year 3 is $15.8M and Year 4 is $0. Both years have trigger dates.
$30M, $28.4M, $30.8M and $30M
As a result of this contract, Phoenix will not be in the luxury tax this season.