What happened: Guard Collin Gillespie is returning to the Phoenix Suns on a four-year contract worth $48 million, according to a report from Shams Charania. The deal keeps Gillespie in Phoenix as the franchise sets its roster for the upcoming 2025-26 season.

Why it matters: Securing Gillespie maintains continuity in the Suns' backcourt rotation rather than letting a known contributor reach the open market. At an average of $12 million per season, the commitment signals Phoenix values his role enough to retain him on a multi-year term as it shapes its depth.

What to watch: Watch for how Gillespie fits into the rotation and what Phoenix does with the rest of its offseason roster moves around the deal.