Suns star considered likely to sign two-year extension

“We have big positive news potentially coming here for the Suns,” Windhorst said (hat tip to RealGM). “Devin Booker is in position to sign a two-year, $150M extension. … He is expected to get that offer and to sign it.

“The Suns have some work to do on this roster, but Booker has been highly engaged with them this offseason on their coaching search and their Kevin Durant trade.”

While there was some speculation from outside the organization that the Suns might consider the idea of trading Booker this offseason, it doesn’t sound like that was an option the front office ever considered. The Suns stressed both publicly and privately that they planned to continue building around the four-time All-Star guard going forward.

As Windhorst notes, reporting at the time of Jordan Ott‘s hiring as Phoenix’s new head coach indicated that Booker was heavily involved in the process and gave the former Cavaliers assistant his stamp of approval.

Booker still has three years and $171M left on his current supermax contract, but he’s eligible to sign another extension as of July 6, since it will have been three years since he finalized that previous deal. A new contract would begin at a projected $72M in 2029-30, based on 10% annual cap increases, with an 8% raise to $77.8M in 2030-31. It would cover his age-32 and age-33 seasons.

Asked about his contract situation in April, Booker didn’t explicitly state he would sign that extension if it were put on the table, but certainly suggested he’d welcome it. He told reporters it’s “nice to be up for an extension” and that it’s “always a pleasure” to be wanted for more years.

If Booker finalizes that two-year extension this offseason, it would set a new NBA record for the highest annual salary of any single contract, though the exact value would remain up in the air until the ’29/30 cap is officially set in four years.