Michael Beasley officially bought out by Suns

Posted by on September 3rd, 12:43 pm

Michael Beasley has been officially released by the Phoenix Suns as of Tuesday. Shortly after ESPN’s Marc Stein confirmed the news would be made official by the end of the week, the Suns released a statement on their website.

“The Suns were devoted to Michael Beasley’s success in Phoenix,” said Suns President of Basketball Operations Lon Babby. “However, it is essential that we demand the highest standards of personal and professional conduct as we develop a championship culture. Today’s action reflects our commitment to those standards. The timing and nature of this, and all of our transactions, are based on the judgment of our Basketball leadership as to how best to achieve our singular goal of rebuilding an elite team.”

“We have high standards for all of our players,” said Suns General Manager Ryan McDonough. “We expect them to represent the team and the community in a positive manner both on and off the court.”

KTAR’s John Gambadoro reports that the Suns have bought out Beasley for $7 million. The agreement will pay Beasley $4.66 million this year and $2.33 million over the next three seasons. Per his original contract, Beasley was owed $6 million this season and $3 million — or half — of his final annual contract was guaranteed.

Kevin Zimmerman is the lead blogger and editor for Valley of the Suns. He is also editor of AZDesertSwarm.com, an Arizona Wildcats\’ blog, and a contributor at SB Nation and Pac-12.com.

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Tags: Michael Beasley · Phoenix Suns News

15 responses so far ↓

  • 1 Foreveris2long // Sep 3, 2013 at 12:57 pm

    Really good financial move by the Suns to get Beasley’s camp to accept less than $9m to buy out Beasley. Job well done Suns.

  • 2 Brenton // Sep 3, 2013 at 1:09 pm

    Beasely even fails at being waived, agreeing to a buyout for $2 million less than what he was sure to get if he said no.

    How high was he when he agreed to that?

  • 3 Scott // Sep 3, 2013 at 1:12 pm

    Mama, there goes that man! ;)

  • 4 Ty-Sun // Sep 3, 2013 at 1:20 pm

    I agree, Foreveris2long. I wonder how they talked him into taking the $7 mil buyout. Perhaps they told him that they wouldn’t cut him and just keep him as the 15th man and never let him even dress out or even sit at the end of the bench for the rest of his contract if he didn’t take it?

    I suppose it really doesn’t matter. Too bad it didn’t work out but I’m glad the Suns cut their ties with him and are moving on.

    I was also reading something earlier that said that the Suns would be wise to go ahead and make Bledsoe a healthy contract extension offer now instead of later. That could be the main reason the Suns made the Butler trade and worked whatever magic they did to get Beasley to take a buyout that saved them another $2 mil.

  • 5 frenchysunsfan // Sep 3, 2013 at 1:29 pm

    Michael Beasley, the biggest fail in Suns history. The good new is that we saved 2M$ in the buyout.
    I still can’t believe how that guy wasted his talent, he could be in the top 10 NBA scoring leaders and he got waived by the 4th worst team in the League.
    Congratulations Buddy… Just wish you the best but far away from Phoenix.
    At least you’re 13 M$ richer now…

  • 6 Scott // Sep 3, 2013 at 1:41 pm

    For those who understand basketball better than I do, here’s an article that talks about the sorts of plays Hornacek might run, based on what the Jazz run.

    Last season, neither Gentry nor Hunter ran a system that would get open 3 pt shots. That put the Suns at 28th in the league in this category. Since the Suns didn’t have anything strong going on inside either, this was a sore point on offense.

    Part of the idea for this season is that having another creator on the floor will help both Bledsoe and Dragic hit their 3s. Dragic hits about 40% of his 3s as a spot-up shooter, and Bledsoe hits at 44% as a perimeter spot-up (though on low volume). If the guards can create for one another, it could improve scoring.

    The Suns may use some Jazz moves (waving hands, leaping, shuffling sideways, rolling shoulders, hat tip, and so on) to have the bigs help open up perimeter shots.

    http://hoopchalk.com/2013/09/03/intellectual-theft-jeff-hornacek/

  • 7 Azbballfan // Sep 3, 2013 at 2:29 pm

    I hope Beasley takes this as a wakeup call

    while i may personally feel that pot should be legal, i also dont go around smoking it because i dont want to be associated with drug users and the culture that comes with that

    i guess we will always have the Lakers game and his 21-15-7 assists 3 blocks game against the Bobcats

    I know alot about how the cap works, but does anyone know, in a buyout situation like this, are the Suns freeing up like 2.3 million? or in paying him to leave all at once does the 6 million this year come off the books right away with the remaning amount stretched? that last part i get, the 1st i am not sure on

    I sincerely hope Beasley gets his act together.

    alright that frees a roster spot so we are down to 16 guaranteed deals

    so my guess is Ismael Smith is the next to be released

    i gotta think a Gortat trade is in the works, why else would we have acquired both Kravtsov and Plumlee when we already took Len at 5th overall?

    if the Suns do indeed save like 2 mil, does that mean we have like 7 mil under the cap now?

    sounds like a contract offer for Bledsoe and another trade are in the works is my guess

  • 8 Foreveris2long // Sep 3, 2013 at 2:55 pm

    Ty, and Brenton, Just a hunch but my somewhat educated guess is the Suns (probably Babby as counsel) threatened reliance on Beasley’s alleged breach of the Morals provision in the contract which if successful proven, would have freed the Suns from further payment. Tough sell as I think only in the Spreewell case was it successful (if then as I am uncertain). Counsel for Beasley probably contested the enforceability of the provision. Anyway attorneys use these arguments as negotiating tools to reduce their alleged contract obligations. Great deal by the Suns

  • 9 Ty-Sun // Sep 3, 2013 at 2:58 pm

    @Azbballfan – I think there are plans to trade Gortat but I’m not sure that will happen before the season begins. Acquiring Kravtsov and Smith were most likely just the cost of shedding the bulk of Butler’s salary so I wouldn’t read too much into that. But I wouldn’t doubt that he might get a shot at playing PF in preseason just to see how it works.

    That’s where the Suns are weakest right now. If Frye isn’t cleared to play, Markieff Morris is the only real PF the Suns have on the team. Yes, Marcus is his twin but he has devoted himself to playing SF and the transition to PF might not work well for him. And since Markieff hasn’t really shown much at PF in the NBA I doubt Marcus would play any better or even as well if pressed into service at PF.

    If the Suns can work out a trade for Gortat, I hope they can bring back a young PF with some potential or at least a good veteran defender with a short and reasonable contract.

  • 10 Foreveris2long // Sep 3, 2013 at 3:54 pm

    I looked further into the Spreewell situation. The Warriors did void his contract but an arbitrator overruled that decision. However as a result of the suspension Spreewell lost a ton of money. The Warriors vehemently disagreed with the arbitrator. I suspect the morality provisions are more strongly worded in the present contracts allowing teams to argue more convincingly for contract breach. However at a minimum teams should be able to threaten suspension without pay allowing the contract buyouts to be less than the amount owed under the contracts. Great job by the Suns.

  • 11 Jerry S. // Sep 3, 2013 at 6:04 pm

    KTAR’s John Gambadoro reports that the Suns have bought out Beasley for $7 million. The agreement will pay Beasley $4.66 million this year and $2.33 million over the next three seasons. Per his original contract, Beasley was owed $6 million this season and $3 million — or half — of his final annual contract was guaranteed.”

    $o does this mean Beasley got paid more than his contract obligation? 4.66 this yr, 2.3 for 3 seasons thereafter is upwards of $10 million…

  • 12 dave:f32 // Sep 3, 2013 at 6:15 pm

    No, $2.3 million paid out between 3 seasons. Equivalent of less than a million a year. Good money for not doing much of anything. This management team sure likes to throw dumb money at trivial pursuits and skimp on solid players? Maybe

  • 13 hawki // Sep 3, 2013 at 6:38 pm

    $ 7 Mil for smoking top-of-the-line dro all day ?????

    Yo Beas…..U da Man

  • 14 Chad // Sep 3, 2013 at 9:03 pm

    B-Easy is lighting one up right now isn’t he. Do you guys see him finding another team ? I’m really not sure at the moment.

  • 15 James Bennett // Sep 11, 2013 at 2:28 pm

    What a great league the NBA. You can commit a crime and the team you are on still has to pay your salary. Gosh if I did that I’d be out on y ears. Gotta love it. It’s a smart way to get off a team also. Let’s go commit a crime, get bought out, and then join the Heat. Guess more guys might purposely get caught to get off their teams. Smart move by the Beas!

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