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Reports: Suns increase offer to PG Bledsoe

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The Phoenix Suns have increased their offer to sign restricted free-agent point guard Eric Bledsoe, according to multiple reports.

With training camp set to open next week, Bledsoe and the Suns have been in a stalemate all summer after the team offered him a four-year, $48 million deal in July. Bledsoe reportedly is seeking a five-year max offer worth in excess of $80 million.

The Arizona Republic reported that a resolution could come as soon as the end of business Wednesday and Yahoo Sports reported there has been “significant momentum” toward a deal.

The threat of seeing Bledsoe become an unrestricted free agent and the recent interest shown in him by the Minnesota Timberwolves has apparently prompted Phoenix to improve its offer to the 24-year-old.

ESPN.com reported last week that the Wolves have continued to aggressively pursue Bledsoe in a sign-and-trade deal that would have landed him a four-year max contract valued at $63 million.

Bledsoe averaged 17.7 points and 5.5 assists in 43 games for the Suns last season after being traded from the Los Angeles Clippers. He suffered a midseason meniscus injury to his right knee but returned after surgery.

The Suns added two new point guards during the offseason — signing free-agent Isaiah Thomas to a four-year, $27 million deal in July and selecting Tyler Ennis in the first round of the NBA draft in June.