Recent reports have surfaced suggesting that the Phoenix Suns are contemplating the possibility of waiving and stretching Bradley Beal’s contract. This move could significantly affect the team’s financial flexibility in the coming years, particularly as they aim to remain under the second apron of the salary cap by the 2025-26 season. By waiving and stretching Beal, whose contract is valued at $110 million, the Suns would distribute this amount over five years, thus reducing his annual cap hit to about $22 million. However, such an action hinges on Beal agreeing to give back a portion of his contract, which is considered unlikely given his track record.
The collective bargaining agreement includes specific provisions that restrict teams from simply waiving and stretching contracts. In the Suns’ case, they are facing complications due to previous moves made in August 2024 when they waived and stretched contracts for players Nassir Little and E.J. Liddell. These decisions, while seemingly minor at the time, have led to lingering financial obligations for the team, with their cumulative dead money exceeding 15 percent of the projected salary cap for the next season. As it stands, the Suns would owe Beal alongside the newfound obligations to Little and Liddell, complicating their financial landscape.
Executive evaluations around the league suggest that if Beal were to enter free agency, he might be valued around the midlevel exception, starting at $14.1 million for the 2025-26 season. However, while potential new opportunities might arise, sources indicate Beal prioritizes the stability of his family life over potential moves, making significant changes less attractive.
The situation presents a challenging scenario for the Suns as they navigate their financial strategy while aiming for competitiveness. Despite the hurdles, originality in contract management can often produce beneficial outcomes for player teams down the line. Embracing the challenges ahead, the Suns might find creative ways to enhance their roster while remaining mindful of their fiscal responsibilities.