Suns sign Luke Kennard for two years, offsets luxury tax

The Phoenix Suns have signed Luke Kennard to a two-year contract worth $12.4 million, utilizing the taxpayer mid-level exception. This signing helps mitigate the impact of a $30 million luxury tax related to the Miles Bridges trade. The Suns could potentially adjust the financial details further if they operate under the non-tax mid-level exception. The deal adds depth to the Suns' roster as they prepare for the upcoming season.

• 1:47 AMYahoo Sports — This signing offsets the $30 million in luxury tax …