The Bradley Beal era in Phoenix appears to be nearing an end.

The Suns and Beal are increasingly optimistic that the two sides will agree to terms on a buyout, league sources tell The Athletic. The move would make Beal an unrestricted free agent.

The goal for the Suns is to negotiate a buyout, waive him and then stretch his remaining salary over five years, which would reduce his annual cap hit on the Suns’ books. The move would not only get Phoenix out of the second apron, a dreaded payroll threshold where only the most expensive teams venture, but also out of the luxury tax altogether.

But the Suns can’t just waive Beal; they need his help.

Because of a quirk in the collective bargaining agreement, Beal, who has $110.8 million and two years remaining on his contract, must give back at least $13.8 million for the Suns to be allowed to stretch him. If he did, Phoenix would then have a dead cap hit of $19.4 million on its books in every season through 2029-30.

Beal, who turned 32 last month, averaged 17.0 points, 3.3 rebounds and 3.7 assists on 50/39/80 shooting splits last season. It may not be so easy for him to find $13.8 million on the open market.

One week removed from the start of NBA free agency, most of the league is without cap space or the necessary exceptions it would take to give Beal that much money on a two-year contract. Various organizations Beal could consider can’t give him that much, either. According to a league source, the list of teams Beal has thought about includes the LA Clippers, Golden State Warriors, Los Angeles Lakers and Milwaukee Bucks.

The Clippers just agreed to a trade that will send shooting guard Norman Powell to the Miami Heat and bring in high-flying power forward John Collins from the Utah Jazz. The deal opens a starting spot at Beal’s position, but because they used the $14.1 million midlevel exception to sign free-agent center Brook Lopez, they can offer Beal only what they have left of the MLE: a $5.3 million starting salary in 2025-26.

The Lakers could find a way to offer Beal the biannual exception, worth $5.1 million in starting salary.

The Bucks have already used up their exceptions and could offer only a minimum contract.

Meanwhile, the Warriors are stuck in a complicated situation with restricted free agent Jonathan Kuminga. Golden State would like to find a sign-and-trade to send Kuminga elsewhere but doesn’t have traction on one at the moment, league sources told The Athletic. If a deal is made for Kuminga that doesn’t bring back any money to the Warriors, then they would have access to the $14.1 million MLE, allowing them to offer Beal more money than the Clippers, Lakers or Bucks. But before offering anyone a portion of their MLE, the Warriors must find a resolution on Kuminga, a situation that could continue to drag.

The Suns could find other ways to dip below the second-apron payroll threshold, set at $207.8 million for 2025-26, about $20 million above the luxury tax. They could negotiate a buyout with Beal, waive him, choose not to stretch his money and then trade, say, Royce O’Neale to another team without taking any money back. But a move like that would still leave the team above the tax. And Phoenix, league sources said, is trying to save tax dollars.

The Suns traded for Beal in the summer of 2023, hoping that he, Kevin Durant and Devin Booker could form a formidable big three. It never materialized. They won 49 games their first year together but were swept out of the first round of the playoffs. This past season, the Suns went 36-46, falling short of the Play-In Tournament.

They traded Durant to the Houston Rockets earlier this summer. Beal could be the next to leave.

(Photo: Harry How / Getty Images)