Eric Bledsoe has rejected a four-year, $48 million contract offer from the Phoenix Suns.
Bledsoe is a restricted free agent and is seeking a max deal of $80 million over five seasons.
The Suns acquired Bledsoe last offseason from the Los Angeles Clippers.
The thought that the Suns will match any offer Bledsoe receives from a competing club has deterred teams from aggressively pursuing Bledsoe.