Phoenix Suns: 3 Reasons Extending Mikal Bridges was the Right Move

Why the Phoenix Suns were Wise to Extend Mikal Bridges: It makes sense business-wise to extend him now

Due to today’s economic trends, the best time to spend money was yesterday. The next best time to spend is today.

The global economy today is defined by very low interest rates, high inflation, and crippling shortages in raw materials. Inflation is already rearing its ugly head and is set to increase even more in the future due to excess money supply flooding the marketplace.

In other words, Sarver was wise to spend this money now. If he waited, he would get far less bang for his buck due to inflation rapidly diminishing the value of the US dollar.

The NBA’s collective bargaining agreement is also set to expire after the 2023-24 season and 14 other teams are in the luxury tax this season. Both the player’s union and league owners can mutually opt out of the CBA in 2023. Once the CBA is renegotiated, NBA will probably increase the salary cap and luxury tax threshold as inflation and player salary continues to skyrocket.

With this considered, it is a good idea to commit to long-term contracts in the future, as the overall value of said contracts will decrease in the future due to this inflation. This team as constructed will also be in title contention as long as Chris Paul can continue to play at a superstar level.

Financially, it just makes all the sense in the world to act now. At the same time Bridges fits Phoenix like a glove—and almost defends as well as The Glove himself, Hall of Fame guard Gary Payton.