Frye gets $30 million deal from Suns

The Phoenix Suns have reached agreement with free-agent forward Channing Frye(notes) on a five-year, $30 million contract, league sources told Yahoo! Sports.

After opting out of the two-year contract he signed last summer with the Suns, Frye became a coveted commodity on the market. After two leans seasons in Portland, Frye had a terrific season for the Suns, averaging 11.8 points and shooting 44 percent from 3-point range.

Frye, 27, earned interest from multiple teams – including the Chicago Bulls and New York Knicks. Frye was always hopeful of returning to the Suns after the resurgence he had with point guard Steve Nash(notes) and coach Alvin Gentry.