Bledsoe’s camp turned down the Suns’ initial offer, and Phoenix had been unwilling to engage in sign-and-trade talks for the explosive 24-year old. Per Yahoo! Sports and the AZ Republic:
Suns general manager Ryan McDonough and Bledsoe’s representatives with Klutch Sports have gathered momentum in discussions over the past two to three days, and Wednesday is expected to be crucial in the push for the sides to finalize a deal, league sources said.
The Suns are believed to have pushed an initial four-year, $48 million offer into the $50 million range, sources said. […] Bledsoe’s agent Rich Paul has been threatening to have his client sign a $3.7 million qualifying offer that would allow Bledsoe to become an unrestricted free agent after this season.
League sources confirmed that there have been renewed contract talks between Suns executives and Bledose’s representatives since the weekend. […] There could be resolution as early as the end of business Wednesday.