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Suns re-sign Brandon Knight; Eric Bledsoe not being traded, per report

Brandon Knight has become the latest former Kentucky Wildcat to cash in a on a big NBA contract.

According to Yahoo Sports' Adrian Wojnarowski, Knight and the Phoenix Suns have reached agreement on a $70 million contract extension:

Phoenix has agreed to a five-year, $70 million extension with guard Brandon Knight, league sources tell Yahoo Sports.

— Adrian Wojnarowski (@WojYahooNBA) July 1, 2015

This past season, Knight, 23 averaged 13.4 points and 4.5 assists in 11 games for the Suns after they acquired him in a three-team deal with the Milwaukee Bucks and Philadelphia 76ers at the NBA trade deadline.