Posted: Tuesday September 3, 2013 4:07 PM

Suns, Michael Beasley agree to terminate contract

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PHOENIX (AP) - The Phoenix Suns and Michael Beasley have reached an agreement to terminate the contract of the troubled power forward.

The move on Tuesday will cost the franchise $7 million, a $2 million savings from what Beasley would have been due had he simply been waived. It also represents a significant reduction in what the hit on the team's salary cap would have been.

Beasley was arrested a month ago in suburban Scottsdale on charges of felony marijuana possession and possession of drug paraphernalia. It was the latest in a series of incidents involving the drug that have plagued his NBA career after he was selected as the No. 2 overall draft pick out of Kansas State in 2008.

 
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