The Minnesota Timberwolves reportedly will offer Phoenix Suns restricted free agent guard Eric Bledsoe a maximum four-year, $63 million contract.
According to Fox10 in Phoenix and ESPN, the offer is designed to engage the Suns in a sign-and-trade for Bledsoe, by far the best remaining free agent on the market.
However, the report did not say that Minnesota had formally made the offer, because the Timberwolves cannot. They are $6 million over the salary cap and would have to trade enough players to get $14.7 million below the cap – Bledsoe’s projected first-year salary in a max deal – to create the room.
The report also did not say that Bledsoe had signed any sort of offer, which would start a 72-hour clock for the Suns to decide whether to match it.
What Timberwolves GM Flip Saunders can do is start considering the creation of cap space while engaging Suns GM Ryan McDonough in trade talks that would use that $14.7 million as a baseline, because Phoenix can pay Bledsoe the max.
But Yahoo! is reporting that the Suns have no interest in dealing with the Wolves because they cannot offer an All-Star in return.
The Suns have offered Bledsoe $48 million over four years, a contract similar to the one Kyle Lowry received from the Toronto Raptors. Bledsoe has been seeking a max deal, and the Suns reportedly have not wanted to negotiate off that baseline.
Prior to Minnesota’s offer, Bledsoe seemed resigned to signing a $3.7 million qualifying offer for this season, which affords him a no-trade clause and allows him to become an unrestricted free agent next summer.
Saunders has remade the roster this summer with the trade of All-Star forward Kevin Love to the Cleveland Cavaliers and apparently is not done. The Wolves have six players on their rookie contracts – including 2014 top overall pick Andrew Wiggins and 2013 top overall pick Anthony Bennett, acquired in the Love deal – and six players whose contracts could expire next summer.
Last season was Bledsoe’s first in Phoenix and first as a starter. He averaged career highs of 17.7 points, 5.5 assists and 4.7 rebounds but missed 39 games due to injury. The Suns were 20-19 without him and 28-15 with him.
The Suns are somewhat fortified at point guard with Most Improved Player Goran Dragic, free agent acquisition Isaiah Thomas and rookie Tyler Ennis. One player they may be interested in is second-year jumping jack Gorgui Dieng, who came on at the end of last season and was very strong for Senegal in the FIBA World Cup.
Phoenix already owns Minnesota’s 2015 first-round pick if it falls out of the top 12. It is possible that a potential deal could remove the protection on that pick.
It should also be noted that the Suns are nearly $15 million under the salary cap and could take back more than Bledsoe’s projected $14.7 million salary, although that has not been their MO since McDonough took over as GM just over a year ago.
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