Grant Hill to Stay with Suns: Channing Frye Not Far Behind

Seth CoxCorrespondent IJuly 10, 2009

NEW ORLEANS - DECEMBER 03:  Grant Hill #33 of the Phoenix Suns makes a shot over Chris Paul #3 of the New Orleans Hornets at the New Orleans Arena on December 3, 2008 in New Orleans, Louisiana. The Hornets defeated the Suns 104-91.   NOTE TO USER: User expressly acknowledges and agrees that, by downloading and/or using this Photograph, user is consenting to the terms and conditions of the Getty Images License Agreement.  (Photo by Chris Graythen/Getty Images)

Grant Hill has chosen to stay in Phoenix

As the veteran forward was being courted by teams such as the Knicks and Celtics, he has spurned more money and a chance for a championship to stay with the team that has given him a resurgence in his career.

The contract is believed to be worth $3 million with a player option for a second year.

Hill will soon be joined by local product Channing Frye on the Suns roster.

Frye, who attended high school in Phoenix and college at the U of A, is close to signing a two-year deal with the Suns for close to $3.8 million with the second year being a player option

The Hill signing is an indication that the Suns are close to coming to terms on a new contract with Steve Nash. Continuing to play with Nash was one of the main reasons Hill had wanted to stay with the Suns.

The Frye signing all but signals the end to the talks of Ben Wallace being sent to New Orleans for Tyson Chandler.

With the Suns concerned about Chandler's health issues and an extra year on his contract with the prospects of the salary cap dropping even further, the Suns decided to go the cheaper route in the form of Frye.