Bledsoe has very little leverage here. He isn't an unrestricted free agent. No other team is offering him max money. He could take the qualifying offer (approx. 3.5mil) and go into unrestricted free agency next year, but he immediately loses out on $9-10 million in year 1. If he does that, he runs the risk of injuring himself again and losing out on a ton of money.
It's also not worth it for the Suns to "give up" on Bledsoe. He's a great talent, a rising star, and he pairs extremely well in the backcourt with Dragic. Suns need to hold their ground, maybe concede a few million bucks, and Bledsoe will be forced to accept a lower offer. Just because he's asking for a lot of money doesn't mean you just trade his ass right away. Athletes want as much money as they can get guaranteed, as do their agents. This is no surprise.

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