Grayson Allen Agrees To $70 Million Contract Extension With The Suns

Grayson Allen's contract extension with the Phoenix Suns marks a significant move for both the player and the franchise. The four-year, $70 million deal solidifies Allen's future with the Suns while also addressing key financial considerations for the team. 

Allen's exceptional performance during his first regular season with the Suns undoubtedly played a role in securing this extension. As the NBA's leader in three-point accuracy at 46.1%, Allen showcased his scoring prowess and ability to thrive in the Suns' lineup alongside stars like Devin Booker, Kevin Durant, and Bradley Beal. 

Averaging 13.4 points, 3.1 assists, and 3.9 rebounds per game, Allen proved to be a valuable contributor on both ends of the court, often tasked with guarding elite perimeter players.

For the Suns, locking up Allen to this extension comes with significant luxury tax implications, as owner Mat Ishbia commits to investing in the team's success. With Allen's $15.6 million salary in the first year of the deal, the Suns' payroll and tax expenses for the 2024-25 season are set to be the highest in the league, totaling $206 million in payroll with an additional $104 million in luxury tax.

Despite the financial considerations, re-signing Allen was a strategic move for the Suns to maintain roster continuity and flexibility. As the team is projected to be above the second luxury tax apron, signing outside free agents to minimum deals and aggregating salaries in trades becomes restricted. 

By securing Allen's extension now, the Suns avoid the risk of losing a key rotation player and gain more flexibility in potential trades involving Allen's salary.

Looking ahead, Allen's extension not only ensures his continued contributions as a top rotation player for the Suns but also opens up possibilities for future roster moves. Whether Allen remains with the Suns or becomes a trade asset down the line, his contract extension represents a calculated investment by the franchise in its pursuit of sustained success in the competitive landscape of the NBA.

Suns Made The Right Move In Extending Grayson Allen 

The Phoenix Suns' decision to extend Grayson Allen's contract was a prudent move that aligns with the team's long-term goals and current roster dynamics. As the team's fourth-best player, Allen has consistently delivered impactful performances, especially when the big three of Devin Booker, Kevin Durant, and Bradley Beal faced challenges.

Allen's ability to step up and carry the team when needed has been a crucial asset for the Suns. His scoring prowess, highlighted by leading the NBA in three-point accuracy, provides valuable offensive firepower and spacing for the team. Beyond his scoring, Allen's playmaking ability, averaging 3.1 assists per game, further enhances the Suns' offensive versatility.

Moreover, Allen's contributions extend beyond scoring, as he is also a standout defender. His defensive prowess has been evident since his rookie days and has only improved over time. Allen's commitment to defense adds another layer of reliability to the Suns' lineup, helping to anchor the team's efforts on that end of the floor.

In addition to his on-court contributions, locking up Allen to a contract extension was essential for the Suns' future stability. With the postseason looming, Allen's performance in the playoffs could attract considerable attention in the free agency market if he were to enter unrestricted free agency this summer.

 By extending his contract now, the Suns secure his services for the foreseeable future, preventing any uncertainty regarding his future with the team.

Overall, the decision to extend Grayson Allen's contract was a strategic move that ensures the Suns maintain a strong supporting cast around their core players. Allen's combination of scoring, playmaking, and defense makes him a valuable asset for the team, and his extension reflects the Suns' commitment to building a competitive and cohesive roster for sustained success.