The report comes as a blow to rivals like the Lakers and Warriors — two teams had been linked to Beal for a while, per NBA Insider Jake Fischer. Both franchises were reportedly monitoring Beal’s situation closely, hoping he could provide an extra scoring punch on the perimeter.

Bradley Beal could be the next big name to switch teams in the NBA. Fred Katz of The Athletic reported Monday the guard and Phoenix Suns are working toward a buyout with both sides "increasingly optimistic" it will happen and make him an unrestricted free agent.

Could multi-time All-Star Bradley Beal become a member of the Los Angeles Lakers? Rumors have been flying fast and furiously in the wake of multiple reports indicating that the Phoenix Suns will buyout Beal and stretch his contract over the next handful of years thus ending what was a dreadful tenure for both player and team.