Story perspectives

Suns Re-Sign Gillespie to $48M Deal, Below Luxury Tax

6/21/2026

Summary

Gillespie Re-signs

Phoenix Suns re-signed guard Collin Gillespie to a four-year, $48 million contract on June 20, 2026.
The deal pays $12 million per season and leaves the Suns $9 million below the luxury tax for 2026-27.
Gillespie set a franchise record with 232 three-pointers in 2025-26 and averaged 12.7 points, 4.6 assists, 4.1 rebounds and 2.9 threes per game.
He spent seasons on two-way contracts before the extension, negotiated by agents Jordan Gertler and James Dunleavy.

Summary

Suns Adopt Grit

General manager Brian Gregory said the Suns adopted a culture of toughness, grit and unselfishness.
He added that fans, the Phoenix community and media already feel the shift.
The four-year deal projects the Suns $4 million under the $200.5 million luxury-tax ceiling for 2026-27.
After missing the 2024-25 playoffs, Phoenix returned as the No. 7 seed but was swept in the first round by the Oklahoma City Thunder.

History

Historical Context

In 1999, after a lockout, the NBA introduced a luxury-tax rule that charged a dollar for each dollar over a tax line. The 2011 CBA replaced the flat charge with tiered rates, and the 2023 CBA added a second apron triggered about $17.5 million above the threshold. These changes force teams to craft contracts that keep payroll below the tax ceiling, reshaping roster construction.

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Gillespie Re-signs

Phoenix Suns re-signed guard Collin Gillespie to a four-year, $48 million contract on June 20, 2026.
The deal pays $12 million per season and leaves the Suns $9 million below the luxury tax for 2026-27.
Gillespie set a franchise record with 232 three-pointers in 2025-26 and averaged 12.7 points, 4.6 assists, 4.1 rebounds and 2.9 threes per game.
He spent seasons on two-way contracts before the extension, negotiated by agents Jordan Gertler and James Dunleavy.

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