PHOENIX -- The Phoenix Suns are set to pay just shy of $70 million towards the luxury tax for the 2023-24 season, according to ESPN NBA insider Bobby Marks.The Suns' exact $68.2 million tax payment fell short of the Golden State Warriors and Los Angeles Clippers .This now marks back to back seasons the Suns have paid luxury tax bills after not doing so in any year since 2009.
The Suns - currently in the second apron of luxury - are restricted in how they can assemble their team moving into this offseason. Phoenix can only sign outside free agents on veteran minimum deals while the Suns also are severely restricted on what they can do in the trade market , Phoenix's $205.8 million in spending leads all NBA teams entering 2024-25. Of course, those numbers could change either way, though the Suns are over $10 million from the No. 2 team in Minnesota at $193.
“And signing free agents is what it’s gonna take. And having someone’s Bird rights gives you an advantage to be able to keep those players even if you’re into the luxury tax. We’re not frivolous with money and just spending money to spend money. What we’re trying to do is win a championship and build the best team possible.”Donnie Druin is the Publisher for All Cardinals and Inside The Suns. Donnie moved to Arizona in 2012 and has been with Fan Nation since 2018.
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