HoopsHype.com Rumors

The Phoenix Suns have re-signed center Channing Frye to a five-year contract, the club announced today. “Channing’s ability to shoot and spread the floor was instrumental in our success last season, and it was very important for us to bring him back,” said Suns Head Coach Alvin Gentry. “But more than just what he adds on the court, Channing is a great teammate, a high-character individual, and a willing ambassador in our community. He embodies all the things we look for in a Phoenix Sun.” NBA.com

Phoenix Suns, Free Agency, Channing Frye 

Frye received a full mid-level exception (five years and about $34 million) from the Los Angeles Clippers. Arizona Republic

Los Angeles Clippers, Free Agency, Channing Frye 

News of Nowitzki's meeting with Nash is also bound to unsettle Mavericks fans, who remember Phoenix swooping in to sign away Nash on the first day of free agency in 2004. But Phoenix's salary-cap situation is such that the Suns couldn't make a competitive bid for Nowitzki even if Amare Stoudemire leaves them in free agency, especially after they came to terms Thursday night on a five-year deal with big man Channing Frye. Sources with knowledge of the brief Nash/Nowitzki reunion nonetheless insisted that it wasn't a recruiting visit, since Nowitzki and Geschwindner are regarded as family in the Nash household after the close bond they struck as teammates in their six seasons together in Dallas. Nowitzki is also the godfather to Nash's twin daughters. ESPN.com

Dallas Mavericks, Phoenix Suns, Free Agency, Steve Nash, Channing Frye 

Since it became apparent in mid-May that Nowitzki would be opting out of the final year of his contract to become an unrestricted free agent for the first time, Mavericks management has consistently conveyed confidence about re-signing Nowitzki. Yet one team source acknowledged Thursday that there will be an unavoidable level of anxiety until that actually happens. ESPN.com

Dallas Mavericks, Phoenix Suns, Free Agency, Channing Frye 

The Phoenix Suns have reached agreement with free-agent forward Channing Frye on a five-year, $30 million contract, league sources told Yahoo! Sports. After opting out of the two-year contract he signed last summer with the Suns, Frye became a coveted commodity on the market. After two leans seasons in Portland, Frye had a terrific years for the Suns, averaging 11.8 points and shooting 44 percent from 3-point range. Frye, 27, earned interest from multiple teams – including the Chicago Bulls and New York Knicks. Frye was always hopeful of returning to the Suns after the resurgence he had with point guard Steve Nash(notes) and coach Alvin Gentry. Yahoo! Sports

Phoenix Suns, Free Agency, Channing Frye 

Paul Coro: Multiple sources have confirmed that Frye accepted a five-year, $30M deal to stay with Phoenix. Twitter

Phoenix Suns, Free Agency, Channing Frye 

Adrian Wojnarowski: Channing Frye considering Suns 5-year, $25 million offer, and waiting on the likes of Chicago and New York to have resolution on big stars. Twitter

Chicago Bulls, New York Knicks, Phoenix Suns, Free Agency, Channing Frye 

The Suns would like to keep him. Frye would like to return. But the unknown of how much other teams will offer Frye keeps his future hazy as the contact period opens at 9 tonight Arizona time. "I just have to sit and wait," Frye said from his basketball camp in Hawaii. "It's a matter of being patient and looking at all the options. I'll let the market set my value. I have no idea about what it is. "Phoenix always is going to have a slight edge, because that's what I know and where I've been successful. But I have to see what else is out there." Arizona Republic

Phoenix Suns, Free Agency, Channing Frye 

If the Suns lose Stoudemire, they won't be able to spend his full salary elsewhere. They would have $11.2 million of cap space to spend on a free agent but only if they renounced the rights to their free agents - Channing Frye, Louis Amundson, Dwayne Jones and Taylor Griffin. Amundson is a strong possibility to move on because of the Suns' desire to play Earl Clark next season, but Frye is a free-agent priority because he could be the starting power forward if Stoudemire leaves. To keep Frye viable, he would have a cap hold of $2.1 million until signed but is expected to demand more. The only free agent who would figure to be in the $11 million range is David Lee, although there are mixed internal reviews on him and he could be acquired in a sign-and-trade. Arizona Republic

Phoenix Suns, Free Agency, Trade, David Lee, Channing Frye 

Also opting out, Frye knows he will do far better than his $2.1 million option after averaging 11.2 points with 44 percent 3-point shooting. He prefers to stay in the Valley, his childhood home, but is not expected to reject a better offer elsewhere to do so. "We'll definitely be at his door on July 1 and talking to him about his future with the Suns," Sarver said. Arizona Republic

Phoenix Suns, Channing Frye