After much talk about it, the Phoenix Suns have officially signed Eric Gordon to a four-year, $58 million offer sheet. The team announced the move in a release on Wednesday evening:
"We are excited that Eric Gordon wants to be a Phoenix Sun, and are gratified by his choice to play here," said Suns President of Basketball Operations Lon Babby.
Unfortunately for the Suns, Gordon's choice to sign with Phoenix does not mean he will end up a Sun. The New Orleans Hornets can match Phoenix's offer sheet for Gordon and retain his rights — an outcome that Gordon has been vehemently against, saying he would be "disappointed" if the Hornets matched the offer.
New Orleans will have three days to match the offer, and are expected to do so. The two teams could also work out a sign-and-trade deal that would get Gordon to the desert and land the rebuilding Hornets some talent in return.
For more on the Hornets, check out At The Hive. For more on the Suns, visit Bright Side of the Sun and SB Nation Arizona.