Suns Officially Sign Terrence Ross

The Suns have officially signed free agent swingman Terrence Ross, the team announced today in a press release.

Ross reached an agreement to join the Suns after finalizing a buyout agreement with the Magic, so today’s announcement had been expected. He cleared waivers on Tuesday, paving the way for him to join Phoenix just before the All-Star break.

Ross had been with the Magic since being traded from Toronto to Orlando at the 2017 deadline. He had been considered a trade candidate for the last couple years, but ended up staying put — with his contract set to expire at season’s end, the team agreed to set him free a little early by completing a buyout.

The 32-year-old averaged 14.4 points in 27.2 minutes per game in 220 contests during his first four full seasons with the Magic, but has seen his role cut back in the last two seasons as Orlando has gone through a rebuilding process. He has averaged just 9.2 PPG in 22.8 MPG across 105 appearances since the start of last season, though he’s knocking down 38.1% of his three-point attempts in 2022/23.

The Mavericks reportedly pursued Ross along with the Suns and believed they were poised to sign him. Instead, the veteran wing chose the opportunity to compete for a title in Phoenix alongside Devin Booker, Chris Paul, and new Sun Kevin Durant. With Mikal Bridges and Cameron Johnson having been sent to Brooklyn in the Durant trade, the door is open for Ross to earn a rotation role.

Ross surrendered $918,516 in his buyout agreement with the Magic, Hoops Rumors has learned. That’s the equivalent of his minimum salary for 55 days. There are now 54 days left in the regular season, so if he received a minimum-salary deal from Phoenix, Ross will earn slightly less than what he gave up. His contract details aren’t yet known.

Since the Suns had a pair of open spots on their 15-man roster, no corresponding move was necessary to officially add Ross. The team still has one roster opening available.

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