"According to an NBA source,
the Phoenix Suns were prepared to make an offer of five years and $22 million to the 6-foot-7 (John) Salmons, a restricted free agent. The Sixers, who have the right to match any offer, are likely to sign him for those figures and then trade him to the Suns."
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In return, the source said, the Suns would give the Sixers a second-round draft choice and the $3.6 million trade exception they received last summer from Atlanta in the deal for Joe Johnson."
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The Suns are believed to be looking for a backup shooting guard. Leandro Barbosa played that role last season, but coach Mike D'Antoni is considering moving Barbosa to point guard to back up Steve Nash."
"According to NBA sources, the Raptors are trying desperately to sign free-agent guard John Salmons as a replacement for James, who agreed yesterday to join the Minnesota Timberwolves."
"Salmons, according to the sources, is weighing offers between the Raptors and Phoenix Suns and is expected to decide which team to sign with today when the NBA's moratorium on signings is finally lifted."
"For Phoenix to get Salmons as a restricted free agent, Philadelphia would re-sign him to a five-year, $22 million contract and send him to the Suns for a second-round pick and Phoenix's $3.6 million trade exception. A sign-and-trade deal can add $100,000, allowing Salmons' deal to start at $3.7 million. That would make him Phoenix's sixth highest paid player."
"(Salmons) is torn between Phoenix's contender status and the opportunity in Toronto, where Colangelo is crafting a team that will play in the Suns' image with about $15 million to work with under the salary cap. The Raptors are offering more money and potential for a starting job."
"Beyond Salmons, Phoenix likely would only add a couple of minimum-salary players but has no need to do so as the signing gates open. The Suns are limited to using the $5.2 million midlevel exception and minimum contracts because they are over the salary cap, which was set at $53,135,000 on Tuesday."
"The luxury tax threshold will be $65.4 million, $3.7 million higher than last season. The unexpectedly high bar would allow Phoenix to make its final moves, including Salmons, and avoid the dollar-for-dollar tax penalty."