In July, contract extension negotiations between Eric Bledsoe and the Phoenix Suns broke down after the 24-year-old guard received a four-year, $48 million offer, which was well below the $80 million over five years max deal he was seeking out. Eventually, rumors started circulating that Bledsoe was considering the prospect of taking a $3.7 million qualifying offer for this upcoming season with the hopes of becoming an unrestricted free agent over the summer of 2015. 

Then, the Minnesota Timberwolves came into the picture. Reports of the Timberwolves attempting to work out a sign-and-trade reignited the Suns' desire to discuss an extension and earlier today, the Arizona Republic claimed that both sides had made "significant momentum" towards a new deal. Then, couple of hours later...

Now, the Suns boast an impressive backcourt of Bledsoe, 2014 Most Improved Player Goran Dragic, 2014 first-round pick Tyler Ennis and recently acquired Isaiah Thomas. Not bad, Phoenix. Not bad. 

[via @WindhorstESPN]