Latest News, NBA / Sep 3, 2013 / 4:45 pm

Report: Michael Beasley Bought Out By The Suns

Michael Beasley

Michael Beasley (photo. Dime China)

The Phoenix Suns issued a press release today detailing their decision to buy out the remaining two years of Michael Beasley‘s contract after he was arrested for cannabis earlier this summer.

Earlier today, ESPN’s Marc Stein broke the news that the Suns and Beasley were negotiating a package where Beasley takes less than the $6 million he was owed next season and the guranteed $3 million he was owed in the 2014-15 season.

Beasley was arrested by Scottsdale, Arizona police early in August after finding cannabis in his car after smelling the drug during a routine traffic stop. While not spelled out overtly in their press release, Beasley’s poor attitude and work ethic combined with the arrest to make any future in Phoenix untenable.

Arizona Republic reporter Paul Coro has the specifics on the negotiated sums:

Beasley had signed a three-year, $18 million deal in July last year, but only $3 million in the final year was guaranteed. Rather than pay Beas another $6 million this year for 10.1 PPG, 3.8 RPG while shooting 40.8 percent from the field, they negotiated the buy out.

Via the Suns’ press release:

The Phoenix Suns waived forward Michael Beasley today pursuant to a termination agreement between the club and him. In accordance with that agreement, the compensation owed to him by the team will be reduced, and the Suns’ salary cap room will be increased for both the 2013-14 and 2014-15 seasons.

“The Suns were devoted to Michael Beasley’s success in Phoenix,” said Suns President of Basketball Operations Lon Babby. “However, it is essential that we demand the highest standards of personal and professional conduct as we develop a championship culture. Today’s action reflects our commitment to those standards. The timing and nature of this, and all of our transactions, are based on the judgment of our Basketball leadership as to how best to achieve our singular goal of rebuilding an elite team.”

“We have high standards for all of our players,” said Suns General Manager Ryan McDonough. “We expect them to represent the team and the community in a positive manner both on and off the court.”

Hopefully, wherever Beasley land’s next, he’ll figure out the professionalism he’s avoided since he came into the league in 2008. If not, we doubt many GM’s are likely to sign him to even a minimum-level contract for the 2013-14 season.

What do you think?

Follow Spencer on Twitter at @countcenci.

Follow Dime on Twitter at @DimeMag.

Become a fan of Dime Magazine on Facebook HERE.

Related Posts with Thumbnails
  • claygooding

    When America finally gets the federal government’s propaganda rinsed out of their minds they will understand how many good athletes were discarded for no reasonable cause,,and they will better understand just how destructive prohibition is.

  • Ross MacLeod

    Seriously? Hes a professional athlete (allegedly) and should behave as such.

  • BiGShoTBoB415

    Same with Lamar Odom. It’s a priviledge to play in the NBA and there are millions of guys that would kill to be in your position. Why throw it away on a stupid thing like drugs.

  • Lawanda Jones

    what a loser, send him to jail already

  • Femi

    I think Miami should sign him to a non-guaranteed minimum contract. He has good upside; and LeBron, Pat Riley and others can keep him accountable. However, Miami as a city may not be good for him.

  • bofureturn

    he must be beyond hopeless if the suns are giving up on him.

  • 2cents

    As crazy as your idea is, it would solve a lot more problems than just drugs in professional sports.

    And while we are at crazy ideas, what happens if all players receive a league minimum salary whilst they play and only when they retire are the millions handed to them IF they perform up and above the league average. Do you think that would keep them motivated for a long and lasting carrier?

  • 2cents

    And to think, at one stage, he was going to be taken number 1 by the Bulls.