--Free agent forward Michael Beasley has given a verbal commitment on a three-year, $18 million deal with the Phoenix Suns, sources told ESPN.com on July 5.
Beasley can't actually sign until July 11, when the league lifts its moratorium on new business.
The Suns were one of five suitors in pursuit, and they also agreed to send Steve Nash to the Lakers in a sign-and-trade deal.
Later July 5, the Suns agreed to a four-year, $30 million contract with free agent G Goran Dragic, according to ESPN.com. The Suns also offered New Orleans SG Eric Gordon a maximum $58 million over four years. Though sources told ESPN.com that the Hornets will match the offer, others suggest that Gordon's statements about wanting to play in Phoenix could lead to a sign-and-trade deal.
"After visiting the Suns, the impression the organization made on me was incredible," Gordon said in a statement. "Mr. (Robert) Sarver, Lon Babby, Lance Blanks, the Front Office Staff and Coach (Alvin) Gentry run a first-class organization, and I strongly feel they are the right franchise for me. Phoenix is just where my heart is now."
--Steve Nash, who finished ninth in the MVP voting at the age of 38 this year, added another honor after the season when he was named recipient of the Magic Johnson Award by the Professional Basketball Writers Association. The Award is given to the player who combines excellence on the court with cooperation with the media and fans.
"It's a privilege and honor to be recognized by the pro basketball writers, whose passion and skillfulness present the frontline of how our game is understood and perceived by our fans," Nash said in a statement. "Their role in our sport can't be underestimated, and it's an honor to be recognized by them along with the past recipients."
QUOTE TO NOTE
"If he doesn't come back, we're going to have $10 million more of cap space." -- Lon Babby, Suns president of basketball operations, on the impact on the team's salary cap if Steve Nash leaves.
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