The 2012 cap space is alive and well for the Suns, who spent about $11-12 million this week on 3 players but not a dime past this season.
The Suns considered Hill their top free agency priority and showed it in spending on Hill, who is the second oldest player in the league at 39 (by a day to Kurt Thomas). Hill has been a bargain for the Suns, making $10.1 million over the past four years as a productive starter one of the top defenders in the league.
His return was essential to the Suns' pursuit of defensive improvement and the happiness of Steve Nash in the last year of his contract. The Suns also want Hill's leadership influence on the rest of the team and it is believed he could have a long-term role with the organization beyond his retirement as a player.