Chris Paul has wrist surgery, re-signs with Suns for up to $120 million

The Phoenix Suns have retained their point guard duo, as expected. That Chris Paul will get up to $120 million over four years was a bit more than expected. Oh, and he had wrist surgery.

First thing first — Marc Spears of Yahoo Sports reports that Phoenix Suns guard Chris Paul had left wrist surgery after the season ended. We all saw that CP3 was laboring in the last few weeks of the season, and this is one of the culprits.

Paul also had self-reported some torn ligaments in his right hand during the playoffs, and sported various tapings on the fingers in the final two rounds.

Paul should be ready for training camp after rehabbing the wrist.

Now the juicier part: Paul will re-sign with the Suns for up to $120 million over the next four years, per Adrian Wojnarowski among others.

That’s $30 million per year on average. It’s very likely that year four, where he will turn 40 during the season, is less than 100% guaranteed. Probably, 25% guaranteed is the best guess.

Update: here’s a tweet from Ric Bucher, who’s been around the block many times. Looks like lots of protection for Suns after two years.

Your Point God is back!

With the re-signing of Paul and Cam Payne today, the Suns now have 10 players under contract for next year and somewhere around $19 million to spend before hitting the luxury tax line to sign 3-5 more players.

Spending vehicles for other players include:

• Mid-level exception (up to $9.5 million starting salary, up to 4 years)
• Bi-annual exception (up to $3.7 million starting salary, up to 2 years)
• Veteran minimum exception (around $2-3 million, depending on their NBA experience)
• and possibly a disabled player exception, if they file AND it gets approved (up to $4.4 million, only 1 year)