Grayson Allen reportedly agrees to four-year, $70 million extension with Suns
This pushes Phoenix deep into the luxury tax, but they would have had no way to replace him.
www.nbcsports.comGrayson Allen recently signed a four-year extension with the Phoenix Suns worth about $70 million. The deal was reported in multiple outlets and locks him into Phoenix through the 2027-28 season, with the extension coming after his standout scoring and shooting season. The contract pushes the Suns deeper into luxury-tax territory, reflecting the team’s aggressive roster-building around stars like Devin Booker, Kevin Durant, and Bradley Beal.[1][2][4][5]
Key points:
- Term and value: four years, roughly $70 million.
- Rationale: Allen led the league in three-point percentage (about 46.1%) and provided floor spacing for a star-heavy lineup.
- Financial implications: increases payroll tax exposure; limits some roster-building options due to the luxury tax and “second apron” constraints.[2][4][1]
If you’d like, I can pull the latest local updates for Amsterdam-area coverage or summarize how this contract affects the Suns’ tax implications and future moves in a quick chart.