The Phoenix Suns plan to waive veteran guard Chris Paul, according to a report from Bleacher Report/TNT’s Chris Haynes.
Shams Charania of The Athletic reports that a trade could also be on the table, along with potentially waving and re-signing the 12-time All-Star this offseason.
BREAKING: Phoenix Suns have notified star Chris Paul that he will be waived, making the future Hall of Famer one of the top free agents this offseason, league sources tell @NBAonTNT, @BleacherReport.
— Chris Haynes (@ChrisBHaynes) June 7, 2023
Sources: The Suns and Chris Paul are exploring multiple options, including a trade, stretching his contract, or waiving and re-signing him in free agency. Phoenix expected to discuss trades ahead of Paul’s June 28 contract date.
Story at @TheAthletic:https://t.co/5EwV2pFLZ6
— Shams Charania (@ShamsCharania) June 7, 2023
Paul, a 12-time All-Star and member of the NBA 75th Anniversary Team, averaged a career-low 13.9 points last season to go along with 8.9 assists and 1.5 steals over 59 games. The 37-year-old guard has two seasons remaining on the four-year deal he signed with Phoenix in 2021.
The Suns finished the 2022-23 season with a record of 45-37. They were eliminated by the Nuggets in the Western Conference semifinals.
If Paul is waived and clears waivers, then he would become an unrestricted free agent.