JULY 21ST: The deal is official, the team announced on its website.
“Anthony is a great fit for our style of play,” GM Ryan McDonough said. “His shooting, professionalism and leadership will help us as we try to continue to build a strong foundation going forward.”
JULY 16TH: 10:03am: Each season is worth $3MM, but only $400K of Tolliver’s salary is guaranteed in the second season, according to Paul Coro of the Arizona Republic. In any case, a full $3MM salary for 2014/15 means the club will have to use cap space on him, rather than the room exception.
8:34am: The Suns and forward Anthony Tolliver have agreed on a two-year, $6MM deal, agent Larry Fox confirmed to Shams Charania of RealGM. Phoenix beats the Clippers, Cavs, Pistons, Spurs, Wizards and the incumbent Hornets, all of whom apparently had serious discussions with the 29-year-old who was coming off career-high 41.3% accuracy from three-point range last season.
Tolliver averaged 6.1 points in 20.3 minutes per game for Charlotte in 2013/14, though he wasn’t much of a factor in the team’s four-game ouster in the first-round of the playoffs, totaling just 21 minutes for the entire series. The Hornets renounced his Bird rights last week, but they still had the means to re-sign him using cap space, at least until they came to their deal with Lance Stephenson.
Phoenix is likely using cap space on Tolliver, though it’s possible that the Suns could squeeze him into the $2.732MM room exception, depending on the timing of the official signing, if the precise figures in his contract add up to slighly less than $6MM. In any case, Tolliver, who went undrafted in 2007, is in line for the highest salary of his career, per Basketball-Reference.