Here's the thing:
Unless Colangelo changes his mind about paying luxury tax, or unless the luxury tax goes away, the Suns cannot go after any decent free agents over the next several years. None.
As hcsilla pointed out, the Suns' team salary for 2004/05 is already at $57 million, without adding any new rookies. That's assuming, as hcsilla did, that Tsakalidis is kept around for a small contract in the range of $2 million per year.
After that season, Outlaw is off the books, so that's a savings of $5.4 million. But Marbury's and Joe Johnson's extensions, if they get them, will start in 2005. So you can kiss that $5.4 million goodbye.
Then, in summer 2006, Hardaway is done, but it's time for Stoudemire to be extended. There goes that savings.
And we haven't even talked about who will fill the 9th, 10th, etc. spots on the roster in 2006. There's more money.
The Suns are in a very, very bad financial situation. Not just now, but for a long time. Relative to the ability of their owner to spend, I'd say that the Suns' financial situation is among the worst in the league.
Some people are saying that "the core" is in place and just needs to grow together. Well, we'd sure better hope that that's true, because they aren't going to be adding any significant new talent.
That is ... unless, by some devious miracle, they can move out a lot of salary quickly. And that would be the appeal of shipping Hardaway out.
Otherwise, take a good long look at the young core on this roster. Can they get it done in a few years, all by themselves? They'll have to.