Phoenix Suns guard Grayson Allen has agreed to a significant contract extension, signing a four-year deal worth $70 million that includes a player option. This agreement was confirmed by Allen's agents from CAA Sports on Monday. The extension ensures that Allen will remain with the Suns and not enter unrestricted free agency this summer.
Allen, who had a standout season with the Suns, started 73 games and posted impressive averages of 13.4 points, 3.1 assists, and 3.9 rebounds per game. His performance on the court, including shooting 46.1% on 3-pointers, was a key factor in the team's success.
The 28-year-old guard expressed his eagerness to continue playing alongside star players like Devin Booker, Kevin Durant, and Bradley Beal, highlighting the favorable environment that allows him room to excel.
However, Allen's contract extension comes with significant financial implications for Suns owner Mat Ishbia. The team's payroll and luxury tax obligations will increase substantially due to Allen's new deal, making it crucial for the franchise to retain him to maintain its core roster.
With the Suns set to face the Minnesota Timberwolves in the first round of the Western Conference playoffs, Allen's presence will be vital as the team aims for postseason success.
Allen's journey to the Suns began with a trade that brought him from the Milwaukee Bucks as part of a multi-team deal involving Damian Lillard. Since being drafted by the Utah Jazz in 2018, Allen has also played for the Memphis Grizzlies and the Bucks before finding a home in Phoenix.
His impact on the Suns this season has been notable, with Allen setting records for three-point shooting and contributing significantly to the team's success. His performance on the court has solidified his place as a key player in the Suns' lineup.
