What happened: Free-agent guard Luke Kennard has agreed to a two-year, $13 million contract with the Phoenix Suns, with a player option for the second season, per ESPN's Shams Charania. The deal brings one of the league's most efficient perimeter shooters to Phoenix as the offseason market opens.

Why it matters: Kennard is a career 41% three-point shooter, and adding that kind of spacing gives the Suns a reliable catch-and-shoot threat around their offensive core. The player option preserves flexibility for both sides, letting Kennard test the market again next summer while giving Phoenix a low-risk shooting upgrade at a modest cap number.

What to watch: Watch for how Phoenix rounds out the rest of its rotation as free agency continues, and where Kennard slots into the backcourt and wing minutes for the 2026-27 season.