Hearing Suns may be considering a Greg Monroe offer. They have space to get both him and Bledsoe but would lose cap flexibility long-term.— Jordan Schultz (@Schultz_Report) July">https://twitter.com/Schultz_Report/statuses/490910598994354176">July 20, 2014
If they are still going after Bledsoe I doubt their offer would exceed that currently on the table from Detroit, but if Phoenix decides they'll cut Bledsoe loose, all bets are off. With Bledsoe's negotiations at an impasse, and his rejection of the 4Y/48M offer from the Suns, this could be an attempt to try bring in more talent to maybe convince him to return at a lower price, and Monroe would provide a good return after losing Channing Frye in Free Agency. Both Monroe and Bledsoe are reportedly looking for max deals, so it would be interesting to see if they'd be willing to take a pay cut to play together. A Sign-and-Trade with the Suns could be interesting as they have a lot of young players brimming with potential that would fit nicely in Detroit. All we can do now is wait and see how this situation evolves - if at all.