Just days into the NBA offseason, the Suns are already making moves.

Phoenix is set to re-sign guard Collin Gillespie to a four-year deal worth $48 million, ESPN’s Shams Charania reported Saturday.

This marks Gillespie’s first NBA contract since his rookie year in 2023-24, having only signed two-way deals since arriving in the league.

Gillespie enjoyed a career year last season, averaging 12.7 points, 4.1 rebounds and 4.6 assists across 80 games.

He also set the Suns’ single-season franchise record with 232 3-pointers.

Gillespie, who started 58 games last season, filled a valuable role at both guard positions alongside five-time All-Star Devin Booker.

The Suns are now projected to be just $4 million under the $200.5 million luxury tax after signing Gillespie.

After missing the playoffs in the 2024-25 season, Phoenix experienced an impressive turnaround this season, holding a 45-37 record and earning the No. 7 seed in a competitive Western Conference.

Their playoff hopes were cut short, however, with the Thunder sweeping them in the first round.

At the All-Star break this year, general manager Brian Gregory talked about how changing the culture around the organization sparked their quick return to the playoffs.

“Last spring, in the preseason right before the first game, we talked about creating a new identity
and creating a culture based on toughness and grit and unselfishness,” Gregory told reporters then. “We made the decision and talked about it openly that our success wasn’t solely going to be defined by wins and losses, but more importantly, by building the daily habits and behaviors that are going to drive those characteristics and hopefully define our team.”

He added that he believes the team is headed in the “right direction” for the future.

“I think they’re in a good place. I think we’ve made progress in all of those areas. I think our fans, our great community in Phoenix, and maybe even [the media] can feel it a bit. We’ve made the changes. We’re moving in the right direction. I like the spot that we’re in,” he added.