Michael Beasley Released by Phoenix Suns

September 3rd, 2013 by Tim Keeney Leave a reply »
After a disappointing season and yet another troubling offseason, Michael Beasley's time with the Phoenix Suns has come to an end.

The Suns announced the news on Tuesday:

The Phoenix Suns waived forward Michael Beasley today pursuant to a termination agreement between the club and him. In accordance with that agreement, the compensation owed to him by the team will be reduced, and the Suns’ salary cap room will be increased for both the 2013-14 and 2014-15 seasons.

According to ESPN's Marc Stein, the Suns created enough cap space by trading Caron Butler last week to soften the "financial hit stemming from Beasley's departure."  

Moreover, by making the move after Sept. 1, the organization can pay part of Beasley's guaranteed money over multiple seasons in the future. 

This move only continues the downward spiral for Beasley, who was once considered one of the game's most promising prospects after being drafted No. 2 overall in 2008.   

After four up-and-down seasons with the Miami Heat and Minnesota Timberwolves, in which he mixed in encouraging moments with some real ...

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