Gerald Bourguet of PHNX Sports reported that Beal's buyout is "imminent," and he's likely to have $96.9 million of the $110.8 million remaining on his contract stretched over the next five years. That would allow the Suns to avoid going over both tax aprons.

Bradley Beal is reportedly exploring his potential options should the Suns buy out his contract and allow him to enter free agency.

NBA insider Marc Stein explained how Bradley Beal's offseason will look if he and the Suns complete a buyout this summer.