The Phoenix Suns pulled off a savvy financial move by waiving then re-signing Haywood Highsmith, turning a $1M guaranteed deal into a non-guaranteed $2.5M contract for 2026-27 — saving over $500K in cap space and up to $3M in luxury taxes. With a January 7th cut date and no injury risk, the team gains flexibility while giving Highsmith a shot to prove his worth after a knee injury sidelined him last season. A sharp 37% shooter, he’s been working hard to return to form and could fill key roles left vacant by departed players like Grayson Allen and Royce O’Neale — if he stays healthy.
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