Phoenix Suns, Eric Bledsoe Agree To 5-year, $70 Million Extension

After a summer of avoiding each other, the Phoenix Suns and restricted free agent Eric Bledsoe have reportedly agreed to a five-year, $70 million contract extension.

Within the past week, the Suns and Bledsoe began talking again after the Suns decided that they would raise their original offer (4-year, $48 million).

"[via Yahoo]Communication between Bledsoe and the Suns has been non-existent through a summer stalemate in extension talks and Wednesday’s visit with Suns executives was a significant development in the final thawing needed to close on a new deal.Bledsoe hadn’t been back in Phoenix since the Suns’ season ended in April."

So much so that Bledsoe and his agent Rich Paul traveled to Phoenix to today to try and clear any last minute hurdles to a deal. It seems like said meeting worked perfectly.

Whatever Paul, told Phoenix officials, it worked like charm. Not many expected the Suns to cave $20 million north of their original offer.

Last season, Bledsoe averaged 17.7 points and 5.5 assists for the Suns.