NBA free agency 2021: How Chris Paul's return shifts the Phoenix Suns' road map

Why CP3 staying with the Suns is a big deal (1:23)

Kendrick Perkins details the importance of Chris Paul staying with the Suns on a four-year deal worth up to $120 million. (1:23)

What does Chris Paul's new four-year deal mean for him and the defending Western Conference champion Phoenix Suns?

After declining a player option worth $44.2 million, Paul will stay with the Suns by agreeing Monday to a four-year deal worth up to $120 million, his agents, Steve Heumann and Ty Sullivan, told ESPN's Adrian Wojnarowski. The deal gives Phoenix a bit more financial flexibility this season but could imply greater future luxury-tax payments.

With backup point guard Cameron Payne also indicating on Twitter that he's agreed to stay with the Suns, let's take a look at where their roster stands and what else Phoenix might look to add.