As expected, Michael Beasley's tenure with the Suns ended just one year into a three-year contractual commitment.
In news first released by the team on its website and Twitter account, the 24-year-old forward was waived Tuesday. According to the team, the maneuver was facilitated by a termination agreement between both sides that reduces what the Suns owed Beasley and hikes their cap space over the next two seasons.
KTAR 620's John Gambadoro tweeted the Suns and Beasley agreed to a total buyout of 7 million that will cost the team only 770,000 for the 2014-15 season. Beasley's contract had called for him to be paid 6 million for the 2013-14 season, with another 3 million guaranteed for the following season.
Beasley, who averaged 10 points over 20 minutes per game in his one disappointing season in Phoenix, made his situation a lot more precarious by having three brushes with local law enforcement since January.
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