Source: Matt Moore, CBS Sports 
The Phoenix Suns failed to come to an agreement on an extension with point guard Eric Bledsoe Thursday night, meaning the young point guard they acquired last offseason will become a restricted free agent this summer.
“There is no rookie extension with Eric but that doesn’t in any way suggest that we are not excited that Eric is a Sun and we look forward to Eric being a Suns for a long time,” said Suns President of Basketball Operations Lon Babby, who has been engaged in extension talks over the past month with Mark Termini, the former agent who works as a negotiator for Bledsoe’s agent, Rich Paul.
“It’s a hard thing to do. We had numerous conversations over the past few weeks. We had a good, professional exchange of ideas.”Suns Can't Reach Extension Deal With Bledsoe by Sports Talk Florida