![]() ![]() Crowder was ultimately involved in a four-way trade where he got sent to the Milwaukee Bucks while they sent their own assets to the Indiana Pacers and Brooklyn Nets. ĭuring that same period of time, forward Jae Crowder agreed to sit out the rest of the season with the Suns until a potential trade was announced, which occurred on the Februtrade deadline. Sarver eventually accepted a deal to sell his ownership rights to both the Suns and Phoenix Mercury to an ownership group led by United Wholesale Mortgage CEO Mat Ishbia and his older brother Justin Ishbia for an asking price of $4 billion on December 20, 2022, with the NBA approving of the new ownership on Februand an official announcement confirming the deal coming a day later on February 7, 2023. He later announced in that same month that minority team owner and vice chairman of the Suns, Sam Garvin, would take over the majority of team duties for the rest of this season until new ownership bought out Sarver as the new majority team owners going forward. It was also the last season under Robert Sarver's ownership tenure, as he was suspended from league-wide activities on Septemdue to an independent investigation on Sarver that began the season prior revealing inappropriate behaviors he had throughout his tenure as franchise owner of the Suns. The 2022–23 Phoenix Suns season was their 55th season of the franchise in the National Basketball Association (NBA), as well as their 30th season at the Footprint Center. Mat Ishbia & Justin Ishbia (Official new owners from Februonward.) Sam Garvin (Interim team governor until February 7, 2023.) Robert Sarver (Suspended for this season, effective Septemremoved from the team on February 7, 2023.) All other options, cap holds, exceptions are assumed as declined, waived or renounced.NBA professional basketball team season 2022–23 Phoenix Suns season This is calculated by determining all guaranteed salaries + any dead cap from non-guaranteed salaries. Cap TypeĢ023-24 Practical Cap Space Available Practical Cap Space: The team may only sign outside players using any available exceptions or at league minimum salaries. This means Cap Holds & Exceptions are NOT included in their Total Cap Allocations, and renouncing these figures will not afford them any cap space. The Suns are currently over the league salary cap. Teams that spend over the threshold pay fines (estimated below). Typeĭenotes the Suns current standing in terms of the luxury tax threshold. The "credit" balance remains as an exception that can be used within the next year to acquire salary via trade without further relinquishing additional salary. ![]() Trade Exception Details becomes available when a team relinquishes more salary than it acquires during a trade. ![]() Exceptions can be split up for multiple player signings, however only one of these exceptions may be used in a season and they cannot be combined. Player (4)Įxceptions are essentially "grants" offering teams an additional way to sign players. These figures are not counted toward a team's Luxury Tax Allocation. Renouncing these cap holds will NOT afford the team any new cap space. Since the Suns are currently over the league salary cap, these cap holds do not count against their Total Cap figure. Player (2)Ĭap holds represent "placeholders" for pending free agents, unsigned draft picks, offer sheets, etc. Two-way salaries do not count against a team's Total Cap/Tax Allocations. Players signed to Two-Way contracts that are currently designated to G-League affiliate.
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