12:47am: The deal is for four years and $30MM, with $1MM bonuses if Dragic makes the All-Star team, says Paul Coro of the Arizona Republic (via Twitter).
12:00am: Shortly after agreeing to send Steve Nash to Los Angeles in a sign-and-trade deal, the Suns have filled their opening at point guard with unrestricted free agent Goran Dragic. Marc Stein of ESPN.com reports (via Twitter) that the Suns and Dragic have agreed to a four-year contract worth $34MM. According to SI.com's Sam Amick (Twitter link), the fourth year is a player option.
Dragic was said to be seeking a contract worth $10MM annually, and while he won't quite receive that much, an annual average value of $8.5MM is pretty impressive for a player with 36 career starts. The 26-year-old had a breakout season in 2011/12, averaging 16.3 PPG and 7.3 APG in the second half when Kyle Lowry, who had a bacterial infection, was sidelined or playing reduced minutes.
With Dragic out of the picture, the Rockets have offered a contract to Jeremy Lin, tweets Adrian Wojnarowski of Yahoo! Sports. The offer was expected to be a backloaded one for three or four years. If Lin signs that offer sheet and the Knicks match it, Lowry will be the only starting-caliber point guard left on the Rockets' roster, putting the team in an interesting bind, since Lowry is reportedly unhappy in Houston. For their part, the Knicks are expected to match after losing out in the Nash sweepstakes.
For Phoenix, meanwhile, the agreement means a former Sun will return to the team — it was just a little more than 16 months ago that the Suns shipped Dragic and a first-round pick to Houston in exchange for Aaron Brooks. Now, Dragic is headed back to Phoenix, and it appears Brooks will be on his way out.
The move is the third major agreement for the Suns today. Besides the Nash deal, they also agreed to terms on a three-year contract with Michael Beasley. Dragic also represents the Suns' second major point guard addition of the offseason, as the club drafted Kendall Marshall 13th overall last Thursday.