Gerald Bourguet of PHNX Sports reported that Beal's buyout is "imminent," and he's likely to have $96.9 million of the $110.8 million remaining on his contract stretched over the next five years. That would allow the Suns to avoid going over both tax aprons.

Bradley Beal and the Phoenix Suns are reportedly finalizing a $110 million contract buyout. Both parties have expressed interest in moving on from each other as Beal failed to deliver on Phoenix's expectations. Beal was also unhappy with how his tenure in Phoenix turned out despite having Devin Booker and Kevin Durant by his side.

According to NBA insider Marc Stein of The Stein Line, Bradley Beal is actively exploring his options with other teams in anticipation of a Phoenix Suns buyout.