According to sources close to ESPN, the Phoenix Suns and point guard Eric Bledsoe have reached an agreement on a new contract worth $70 million over 5-years.
Big money deal
Marc Stein had reported that Bledsoe was considering accepting a $3.7 million qualifying offer from the Suns that would allow him to become an unrestricted free agent next summer.
However the restricted free agent has seemingly agreed to a huge extension worth around $70 million with the Suns and according to Adrian Wojnarowski of Yahoo Sports, the contract is without options and a straight five year deal.
Bledsoe and his agent Rich Paul (close friend of LeBron James) arrived in Phoenix on Wednesday to attempt to clear the final stumbling blocks in regard to the new extension.
Both the Suns and the point guard had been at a full stalemate throughout the summer with communication being at an extreme minimum, which is why many questioned whether Bledsoe had any real intention of staying with the franchise or whether a big money move was on the cards to a different ball club.
The Minnesota Timberwolves who are in a true rebuilding stage did show some interest in trying to work out a sign-and-trade offer with the Suns this week but the move never gained traction.
There had been rumours circulating that a future destination for Bledsoe could be Cleveland due to the link between LeBron James and the point guard's agent Rich Paul, but it seems those rumours may have been put to bed with the extension agreed with Phoenix.
Bledsoe has only been with Pheonix for one full season and only managed to complete 43 games with his new team, he missed half the season with knee surgery to repair a meniscus injury, he did however average a career high in points per game 17.7 and assists per game with 5.5.