This helps to explain where the Suns are in regard to free agency after trading for Chris Paul.
From Kellan Olson of Arizona Sports:
ESPN’s Kevin Pelton reports the deal will be finalized on Monday, which is a significant development. That means the Suns are choosing to operate as a team over the cap as opposed to opening up a potential $14-18 million in cap space to make a run at a big-time free agent power forward like Davis Bertans, Danilo Gallinari or Jerami Grant.
With that in mind, Phoenix has the full room midlevel exception of $9.3 million and the biannual exception of $3.6 million at its disposal, along with the ability to go over the cap by re-signing unrestricted free agent Aron Baynes and restricted free agent Dario Saric. The issue is that contenders who are also over the cap are offering those same exceptions, so that’s a very competitive market space.
https://arizonasports.com/story/245...-top-tier-help-pushes-suns-into-win-now-mode/