Phoenix Suns Set Record with $400M Payroll for 2024-25 Season

The Suns' unprecedented spending includes re-signing Josh Okogie, pushing their payroll and luxury tax to historic levels.

Phoenix Suns become the first NBA team to hit a $400 million payroll, combining salaries and luxury tax.
Josh Okogie re-signs with the Suns on a two-year, $16 million deal, with the second year non-guaranteed.
The Suns' payroll includes significant contracts for stars Devin Booker, Kevin Durant, and Bradley Beal.
Owner Mat Ishbia's aggressive spending strategy aims to bolster the team's championship prospects.
Despite high costs, the Suns face pressure to perform after a disappointing playoff exit last season.