Eric Bledsoe is one of the top remaining free agents still on the market, and his restricted status is likely the reason why.
The Suns have the right to match any offer Bledsoe may receive from another team, and have said on multiple occasions that they intend to do exactly that. But Bledsoe hasn’t agreed to sign an offer sheet anywhere else.
There were teams rumored to be interested (like the Lakers), but no one has pulled the trigger — likely due to Bledsoe looking for too much money at this stage of the proceedings.
The Suns and Bledsoe remain far apart in their negotiations, but team president Lon Babby, speaking Monday at a press conference introducing Isaiah Thomas and Anthony Tolliver, continues to believe that Bledsoe will be back.
“We’ll continue to work as hard as we can within that restricted free agency system established by the collective bargaining agreement,” Suns President of Basketball Operations Lon Babby said Monday. “We continue to hope and expect that he will remain in a Suns uniform.” …
It might require a sign-and-trade for Bledsoe to go elsewhere but the Suns’ intent is to bring him back. Bledsoe has a $3.7 million qualifying offer that he could choose to play for next season and then become an unrestricted free agent next summer.
The process has been complicated by rumored sign-and-trade talks that the Suns say are untrue. Some of it may be one-way interest from other teams. Some of the rumors are not even allowed under CBA rules.
The Suns don’t want to go a full five years on a new deal with Bledsoe, and their offer of four and $48 million seems fair for a player with his skill set who has had two of his four NBA seasons limited due to injury.
And unfortunately for Bledsoe, he doesn’t have a lot of options here.
Teams have spent their cap space for the most part, and would need to engage the Suns in a sign-and-trade to acquire Bledsoe for the kind of money he’s seeking — something that Phoenix has been unwilling to do thus far. If Bledsoe really isn’t going to accept the four-year offer on the table, his only choice would be to play out next year for the small qualifying offer, and pursue max money as an unrestricted free agent the following season.
But most players coming off of rookie scale deals like to lock in a large chunk of guaranteed dollars as soon as possible, and the Suns have all the leverage. So unless things get really contentious during the negotiation process, expect Bledsoe back in Phoenix next season.