DECEMBER 7, 11:35am: The Suns have officially converted James’ two-way deal to a standard NBA contract, the team announced today in a press release. The release also confirmed that the team has waived Jones, as we detailed in a separate story.
James is now on track to reach restricted free agency in 2018, while the Suns have an open two-way contract slot that could be filled at any time.
DECEMBER 6, 11:02pm: The Suns are converting Mike James‘ two-way contract into a traditional NBA contract, Adrian Wojnarowski of ESPN.com reports. On Thursday, James will have spent 45 days with the NBA club, which is the maximum allowed under a two-way deal.
James will be the first player in NBA history to have his two-way deal converted. Phoenix plans on opening a roster spot on Thursday morning and Derrick Jones is a good bet to be the casualty of the transaction, barring a trade.
The point guard made approximately $213K on his two-way deal and he could earn slightly over $580K if he remains with the team for the remainder of the 2017/18 season. James took on a larger role once the Suns dealt away Eric Bledsoe, starting 10 games before finding his niche leading the second unit.