McRae and the Nuggets reached a buyout agreement on Sunday, with ESPN’s Adrian Wojnarowski first reporting that Phoenix would likely be his destination.
McRae, 28, started the season with Washington and was traded to Denver last month. He averaged 12.8 points in 29 games with the Wizards, shooting 42% from the floor and 38% from 3-point range.
The Suns have lost three straight games and currently own the third-worst record in the Western Conference at 24-37.
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