I think there is some confusion on the options.
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A player option means, he can take the option to stay with a team for the contract already signed. Or not take it and renegotiate or leave.
When you read in the paper or on the internet that a player has exercised his contract option, it means he is staying, not leaving his team.
(Example, Hunter "TAKING/EXERCISING HIS OPTION" means he is staying with the suns under his current contract)
(Example, Hunter "NOT TAKING/EXERCISING" his option and renegotiating a new contract with either the suns or another team)
A team option means, the team will take the option already signed to keep a player or not take it and let him leave, or renegotiate)
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Here is what I have found with research regarding the suns players for next year.
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JJ restricted contract, suns will sign him to a new contract.
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Amare will make 2,589.022 next year, but he is up for his rookie contract option and the suns will sign him to a new contract starting in 2006-2007.
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Shirley signed a two year contract last year. (no options)
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McCarty supposedly gave up his player option to come here. That was the reason given for the deal to take an extra week for him to decide to do that, if you remember. (I really think he did give it up)
(There are sources that show he has an option, so we will have to see how this plays out) (It might have been changed to a team option?)
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Bo has no contract and is an unrestricted free agent.
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Jake Voskuhl has a player option for apx. 1.9 mil
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Jim Jackson has another year at 2.7 mil.
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I think this is right, however, it is hard to find out the real truth sometimes regarding contracts.