Update: Following the initial news of Chris Paul being waived by the Phoenix Suns, insider Shams Charania has shared that his sources are indicating that the duo are exploring additional options: trade opportunities, re-signing Paul to a new contract and more. Stay tuned for more information regarding this breaking news.
Sources: The Suns and Chris Paul are exploring multiple options, including a trade, stretching his contract, or waiving and re-signing him in free agency. Phoenix expected to discuss trades ahead of Paul’s June 28 contract date.
Story at @TheAthletic:https://t.co/5EwV2pFLZ6
— Shams Charania (@ShamsCharania) June 7, 2023
Original Story: The NBA season is nearly over, however, there’s plenty to look forward to this offseason with a stacked draft lineup, a busy rumor mill surrounding trades and various star players hitting the free agency soon. Adding to the chaos, NBA insider Chris Haynes has reported that the Phoenix Suns have notified veteran guard Chris Paul that he will be waived.
The news follows a second round exit for a Suns team that was left without Paul due to a groin injury in game two. With Paul, the Suns were able to reach the NBA Finals for the first time in 28 years back in 2021, leading to Paul signing a four-year contract extension worth $120 million USD. This most recent season, ownership transferred to Mat Ishbia and Kevin Durant was added to the squad in a hefty trade package.
Paul’s next steps are to be determined, however, Haynes has reported that Paul plans to play for several more years as he continues his chase for a ring.
BREAKING: Phoenix Suns have notified star Chris Paul that he will be waived, making the future Hall of Famer one of the top free agents this offseason, league sources tell @NBAonTNT, @BleacherReport.
— Chris Haynes (@ChrisBHaynes) June 7, 2023
Chris Paul plans to play for several more years and is eager to help a team contend for a championship, sources say.
— Chris Haynes (@ChrisBHaynes) June 7, 2023
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