As first reported by Paul Coro of The Arizona Republic, Tyler Ulis, drafted in the second round and 34th overall in the last month's NBA Draft, will receive a contract consistent with that of a first round pick when he signs with the Phoenix Suns.

The #Suns are likely done spending big bucks as they set their sight on the future. @paulcoro takes a look https://t.co/I3RJ8I2iHb — azcentral sports (@azcsports) July 4, 2016

Dragan Bender and Marquese Chriss, both lottery picks, will receive four year contracts, two years guaranteed, two years a team option. Tyler Ulis will receive a similar contract of four years, two years guaranteed, his starting at $1 million.

The injury history of Eric Bledsoe and Brandon Knight will go a long way towards determining how the Suns configure their back court coming off the bench. The team may elect to carry Ronnie Price as the team's third point guard. Price appeared in 62 games for the Suns last season, starting in 18 and averaging just under 20 minutes a game. He also missed significant time last season, out a month after surgery on his right big toe.

It's a young team, and despite the rumors, the Suns have managed not to screw up all of the good things they've done since the draft a week and a half ago. Some level of veteran leadership is needed, sure, but should the Suns pass on Price and completely commit to the youth movement at the end of the bench as well?