The Phoenix Suns have recently made some strategic moves by waiving veteran forward Nassir Little and second-year guard EJ Liddell, leaving an open roster spot as they prepare for the upcoming season. These decisions are noteworthy, reflecting the team's ongoing efforts to stay competitive while managing financial constraints.
Financial Implications and Cap Considerations
The Suns currently boast a league-high payroll of $219 million, a figure that exceeds the NBA's "second apron" threshold, triggering significant financial restrictions. This elevated payroll prevents the Suns from aggregating salaries in trades, limits the amount they can trade for versus what they send out, and bars them from using any version of the mid-level exception. Additionally, the Suns are unable to sign players from the buyout market whose initial salary exceeded the non-taxpayer mid-level exception.
In a bid to navigate these financial hurdles, the Suns decided to waive Nassir Little, who had three years and $21 million remaining on his contract. Little, acquired as part of the Damian Lillard-Jrue Holiday blockbuster trade, had a relatively modest impact during his tenure with Phoenix, averaging 3.4 points and 1.7 rebounds over 45 games. The team will deploy the stretch provision in this waiver, resulting in Little receiving $3 million annually from the Suns until 2032.
Navigating the Second Apron
The decision to waive Liddell also aligns with the Suns' strategic financial maneuvers. Originally a second-round pick by the New Orleans Pelicans in 2022, Liddell's career has been marred by injuries, including an ACL tear during the Summer League in 2022, which sidelined him for his entire rookie season. Liddell's performance last season with the Pelicans was limited to just eight games, with additional time spent in the G League as he worked to regain his form and fitness. Liddell moved to the Hawks as part of the Dejounte Murray deal and was subsequently sent to the Suns in exchange for David Roddy.
Roster Reconfiguration and Opportunities
The Suns' current financial situation necessitates creativity in constructing a competitive roster. Despite the challenges posed by the second apron, the Suns demonstrated their ability to make shrewd decisions earlier this summer by securing the services of Tyus Jones on a minimum contract. Now, with an open roster spot, the team has the flexibility to scout and sign emerging talent or veterans willing to accept minimum offers.
These developments underscore the Suns' management's willingness to make tough decisions. By cutting ties with both Little and Liddell, Phoenix has positioned itself to be more flexible while still maintaining a competitive edge in a financially restrictive landscape.
As the organization moves forward, the focus will likely be on identifying undervalued players who can contribute meaningfully without exacerbating the team's salary cap challenges. This strategy will be critical as the Suns look to balance financial prudence with on-court success.
Ultimately, the Suns' decision to waive Nassir Little and EJ Liddell signifies a broader effort to navigate the complex financial terrain of the NBA while keeping an eye on both immediate and long-term goals. With an open roster spot and the ongoing commitment to making astute roster decisions, Phoenix aims to remain a formidable contender in the challenging landscape of professional basketball.