What happened: Free agent guard Pat Spencer has agreed to a two-way NBA contract with the Phoenix Suns. Spencer spent his first three seasons in Golden State, where his role steadily expanded. He averaged 7.2 points in 18.6 minutes per game this past season.

Why it matters: The two-way signing gives Phoenix a low-cost, developmental option in the backcourt as the roster takes shape for the 2026-27 season. Two-way contracts let teams stash a player who can shuttle between the NBA roster and the G League, adding depth without occupying a standard roster spot. It continues an active Phoenix offseason after the recent Luke Kennard addition.

What to watch: Watch whether Spencer competes for backcourt minutes in training camp and how Phoenix rounds out the back end of its roster.