2026–27 Phoenix Suns season

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Round	Pick	Player	Position(s)	Nationality	College / Club
2	47	Tyler Nickel	Small Forward	United States	Vanderbilt

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The Suns initially entered the draft holding only one second-round selection.^[2][3] They originally held the rights to multiple other draft picks this time around, but those selections were traded away thanks to multiple trades throughout previous seasons, most notably through an infamous trade involving Bradley Beal (though that first round pick for the year ultimately went to the Memphis Grizzlies instead through a complex series of trades), with the placement of the second round pick they did acquire in this year's draft coming through a multi-team trade process that involved the Philadelphia 76ers being the team that Phoenix would get their second round selection from instead of their own second round pick that actually had the same record that Philadelphia did this previous season, but ironically being one spot lower than the pick that had originally belonged to the Suns ultimately gotten them in the end.

By the end of the first night of the draft, the Suns would get involved with a surprise four-team trade with the Dallas Mavericks, the Los Angeles Lakers, and the defending champion New York Knicks, with the Suns trading away three second-round picks (including the 47th pick of the draft, which became Tyler Nickel from Vanderbilt University and the since-available 2033 second-round pick) and cash considerations to the Knicks while acquiring the 30th pick of the draft (the last pick of the first round) from Dallas, with the Mavericks acquiring the 25th pick from the Knicks in the process and the Lakers moving up a spot for the 24th pick in the draft. As such, the first-round pick the Suns acquired to end the first night of the 2026 NBA draft would be the selection of Gilbert, Arizona native forward Koa Peat from the University of Arizona. As someone that had previously been considered a lottery selection early on during his freshman season at the University of Arizona,^[4] Peat became a key figure in helping Arizona reach the Final Four of the 2026 NCAA Tournament, with his averages of 14.1 points, 5.6 rebounds, and 2.6 assists resulting in him being a member of both the All-Big 12 Third Team and the Big 12's All-Freshmen Team this season.

This season would mark the second of five straight seasons where the effects of waiving Bradley Beal's original contract from the previous season (which was set to expire this season) would come into play, as well as the third straight season where the effects of waiving Nassir Little's mid-sized contract from 2024 (which will mark seven total seasons later on) and E. J. Liddell's smaller contract from 2024 would come into play.^[5] Entering free agency, the Suns will see Mark Williams enter restricted free agency alongside two-way contract signings Isaiah Livers and former rookie Koby Brea, while the likes of guards Collin Gillespie, Jordan Goodwin, and Amir Coffey would enter unrestricted free agency (once again for Phoenix in the case of Goodwin), with Jamaree Bouyea deciding to stay with the Suns (albeit with his contract still not being fully guaranteed just yet^[6]) on June 29, 2026 as well. Before free agency officially began, the Suns would have set agreements with Collin Gillespie, Jordan Goodwin, and Mark Williams on long-term deals. Not only that, but they would also have a trade with the Charlotte Hornets get agreed upon where they would trade guards Grayson Allen and Royce O'Neale alongside their (unprotected) 2033 first round pick to the Hornets in exchange for controversial forward Miles Bridges, a 2027 second-round pick from either the Boston Celtics or Orlando Magic, and a 2029 first-round pick from either the Cleveland Cavaliers, Minnesota Timberwolves or Utah Jazz (with the trade later being made official on July 13, 2026).

By the start of free agency on June 30, the Suns would have Luke Kennard, a shooting guard from the Los Angeles Lakers, agree to a two-year contract with Phoenix, which was made official on July 14. Following that, the Suns would have Pat Spencer, a former lacrosse college star turned shooting guard from the Golden State Warriors, sign a two-way contract with Phoenix on July 3 to have him go between the Phoenix Suns and Valley Suns affiliate team from the NBA G League whenever necessary. Not only that, but fellow two-way contract Koby Brea would sign his own two-way contract to return with the Suns on July 6, while all three of Collin Gillespie, Jordan Goodwin, and Mark Williams would officially sign their new deal to return with the team a day later on July 7. Meanwhile, Amir Coffey would sign a new deal with the Hapoel Tel Aviv B.C. in Israel on July 9. Currently, the only remaining free agent from the team, former two-way contract Isaiah Livers, has yet to find a new team of his own to join as of July 15, with the rest of the team's official roster size essentially being filled out already outside of their training camp/preseason period.