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Depends on what you think is wise. If you think a team that may be able to compete for a playoff spot in a couple years is wise, then I think they can do that. If you think laying the ground work for a championship team is wise, then their recent moves and rumored moves wouldn't fit that description imo.
I missed this post. I'd like to think the Suns can do both if they learn the difference between short term and long term goals. IMO, the key is always keeping as many options open as possible, keeping CAP space available, doing short term contracts whenever possible and keeping draft picks to acquire young players.