JULY 20TH: The Suns have confirmed that the Beasley deal is done, tweets Ray Richardson of the St. Paul Pioneer Press.
According to Stein, Beasley, who played the last two seasons with the Minnesota Timberwolves, chose Phoenix over four other interested teams. Beasley, 23, averaged 11.4 PPG and 4.7 RPG in 2011/12 as a member of the Timberwolves.
The T-Wolves decided not to extend a qualifying offer to Beasley last week, ensuring that he'd be an unrestricted free agent, and Minnesota wouldn't have a chance to match offers and retain him. The Suns, meanwhile, have now committed a sizable chunk of cap space to the agreement with Beasley and an offer sheet for Eric Gordon. There were rumors that the Suns would also aggressively pursue Goran Dragic, but the club may not have the necessary remaining cap space to make the point guard a competitive offer.