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Woj: Suns meeting Tuesday with Devin Booker and agent Leon Rose to discuss framework of extension

The Suns can offer Booker up to $158 million over five years with his new deal.

NBA: Phoenix Suns at Orlando Magic Kim Klement-USA TODAY Sports

As expected from the Phoenix Suns since October, they are now ready to discuss a new long-term deal with their franchise star Devin Booker. According to ESPN’s Adrian Wojnarowski, majority owner Robert Sarver and General Manager Ryan McDonough will meet with Booker on Tuesday to go over further details.

What Woj doesn’t mention there is if the Suns and Booker will discuss waiting until next July to sign an extension, going even further on Phoenix wanting to preserve ample amounts of cap space for next summer. The overwhelming odds would lay on them offering the full-scale max extension Booker’s way, which would kick in during the 2019-20 league year.

Even with the extension, Phoenix could still open up over $40 million in cap space for next summer if they are able to find a trade partner for T.J. Warren while also stretching Brandon Knight’s final year on his deal. That is more than enough money to attract a big fish free agent to pair alongside Deandre Ayton, Josh Jackson and Booker if they become attractive enough over the next 365 days.

However, if Booker does decide to hold off until next July, his cap hold would be $15 million lower than if he agreed and signed right now. Phoenix would then have close to $60 million in space with his rookie scale cap hold, as long as the aforementioned moves were made. That means two max free agents could be in play to add into their young core.

Here is how Booker’s contract would likely be scaled out:

Year 1 - $27,250,000

Year 2 - $29,430,000

Year 3 - $31,610,000

Year 4 - $33,790,000

Year 5 - $35,970,000

After still managing to take a developmental jump with an overall lack of talent around him last season, it’s smart to bet on Booker continuing to rapidly advance his game throughout his second contract.

Stay tuned for more information as it develops.