Good god almighty, how can this possibly be so difficult to understand?
1. The Suns and Gordon have worked out an oral agreement. Nothing has happened yet.
2. It is public knowledge that the Suns want to sign Gordon and that the Hornets have said that they will match. If that happens, on July 11th or shortly afterward, he belongs to the Hornets, period.
3. In the meantime, however, the parties involved may decide to opt for a sign-and-trade. If that happens, he belongs to the Suns, period.
If you can't understand this, try reading the above sentences again.