Chris Paul has two years remaining on his four-year $120 million contract.
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The Suns are actively exploring potential trade options for Paul.
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Phoenix has experienced success with Paul, including a championship appearance and franchise records.
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There is a chance for Paul to stay with the Suns through waivers and a cheaper deal.
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The Suns and Paul have until the June 28th deadline to reach an agreement.
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Paul expressed his desire to return to the Suns next season in an interview with AZ Central Suns insider Duane Rankin.
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The Phoenix Suns are still considering various possibilities regarding Chris Paul's future with the team.
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