Sources: Suns, CP3 discuss his future with team

Phoenix Suns ownership and executives had a series of conversations with Chris Paul and his representatives on the All-Star point guard’s future with the franchise on Wednesday, including the possibility that he could be waived by the NBA’s June 28th guarantee date on his contract, sources told ESPN.

The Suns insist that they’re still working through several possibilities on Paul’s future and reiterated that to his representatives later on Wednesday afternoon, sources said. Phoenix plans to explore trade opportunities including Paul and Deandre Ayton that could alter the franchise’s roster landscape ahead of a final decision on Paul’s partially guaranteed contract, sources said.

Only $15.8 million of his $30.8 million for the 2023-2024 season is guaranteed if he’s waived – unless the Suns keep Paul past that June 28th deadline date. Paul’s $30.8 million for 2024-2025 is non-guaranteed. The expectation is that the Suns would stretch and waive Paul’s contract, spreading the cap hit over a longer-term to create more salary cap space in ensuing years.

Paul continues to want to return to the Suns and partner with his close friend Devin Booker and Kevin Durant, sources said. Nevertheless, Paul and his representatives want the organization to make a quicker decision on his future so that he can proceed out into the marketplace as a free agent, if indeed they ultimately waive him, sources said.