In a move that has sent ripples through the NBA, Phoenix Suns shooting guard Grayson Allen has inked a four-year, $70 million contract extension, solidifying his place as a cornerstone of the franchise following a breakout 2023–24 season. Here’s all you need to know…

 

In a move that has sent ripples throughout the NBA landscape, the Phoenix Suns have signed Grayson Allen to a four-year, $70 million contract extension, reaffirming the shooting guard’s critical role in the team’s future following a career-defining 2023–24 season.

The deal, confirmed by league sources and announced by the Suns’ front office on Saturday, locks Allen in through the 2028–29 season, marking a dramatic rise for a player once considered a complementary piece. Now, Allen is viewed as a cornerstone of Phoenix’s evolving roster.

A Breakout Campaign

Allen, 29, was one of the league’s most improved players last season, stepping into a starting role and thriving alongside superstars Devin Booker and Kevin Durant. He averaged 13.4 points, 3.8 rebounds, and 3.1 assists per game while shooting an elite 46.1% from beyond the arc, ranking among the top 3-point shooters in the NBA.

Allen’s consistency, versatility, and toughness became a hallmark of the Suns’ system, especially during stretches where key stars were sidelined. His ability to defend multiple positions and knock down timely shots earned praise from head coach Frank Vogel and helped stabilize Phoenix during key playoff pushes.

“Grayson’s evolution this past season was remarkable,” said Suns General Manager James Jones. “He’s a two-way competitor, a relentless worker, and someone who raises the floor and ceiling of our team. He’s earned every dollar of this extension.”

A Strategic Investment

The $70 million deal reflects not only Allen’s current value but the Suns’ confidence in his trajectory as a high-impact player in a championship-caliber system. For a franchise balancing star salaries and a win-now mentality, locking in a consistent contributor on a long-term, team-friendly deal is a savvy move.

Analysts have already praised the signing as a strong value play for Phoenix, especially given the rising cost of reliable perimeter shooting in today’s NBA.

“In a league built on spacing and shooting, Allen is exactly the kind of player you want locked in,” said NBA insider Zach Lowe. “He’s not just a floor spacer—he’s a competitor who delivers in big moments.”

Allen: “Phoenix Feels Like Home”

After stints in Memphis and Milwaukee, Allen has found stability—and stardom—in Phoenix. Speaking to reporters following the announcement, Allen emphasized his connection to the organization and its championship aspirations.

“Phoenix feels like home now,” Allen said. “From the coaching staff to my teammates to the fans, this is a place where I’ve felt supported to grow and take the next step. I believe in what we’re building here, and I’m all in.”

What’s Next for the Suns

With Allen now secured alongside Booker, Durant, and Bradley Beal, the Suns continue to push toward sustained championship contention. The extension provides crucial roster stability as the front office navigates cap management and the challenges of a competitive Western Conference.

While Durant’s future remains a short-term variable due to age and contract structure, Allen’s long-term presence offers balance, both in terms of production and leadership. He’s expected to play a vital role not just as a scorer, but as a vocal presence in the locker room.