The Suns and Eric Bledsoe have been talking about a possible contract extension that could have locked up the point guard through 2018.
They could not find common terms by Thursday night's deadline but the Suns still intend for Bledsoe to be part of their future.
Bledsoe will be a restricted free agent in July, giving the Suns an ability to match any offer sheet he might sign with another team. The Suns also maintain their cap space for a trade or free agency signing before matching to sign Bledsoe. They also could do a sign-and-trade in July if they are opposed to the market price.
Walter Cornett, of Glendale, Kentucky, is the owner and operator of Walter's Wildcat World. He founded WildcatWorld.com in 1998 making it one of the oldest Kentucky basketball fan sites in operation today.