It’s unspecified whether Canaan received any guarantees in his contract, though point guard is considered a weak spot for the Suns. They also have Brandon Knight, second-round pick Elie Okobo and Shaquille Harrison at that position but Canaan’s experience will make him a contender for a roster spot.
Canaan played in 19 games with the Suns after joining them in mid-December last season, averaging 9.1 PPG and 4.0 APG in 22.0 MPG. They signed him through the hardship exception when multiple injuries struck, then guaranteed his contract for the remainder of the season in early January.
He suffered a fractured left ankle against the Mavericks in late January and underwent season-ending surgery on February 1st.
The Suns waived him a week later but fully committed to helping him with his rehab and recovery.
The 6-foot Canaan has posted career averages of 8.4 PPG and 1.8 assists in 20.3 MPG over 205 games. The journeyman has also played for the Rockets, Sixers and Bulls.