Suns' Mike James becoming 1st player to have his 2-way contract converted into regular NBA contract

Mike James will become the first player to have his two-way contract converted into a regular NBA contract.

Per ESPN, James, a 27-year-old rookie, is the first two-way player to have his deal converted in this manner. Two-way deals -- which allow for a combined NBA and G-League affiliate contract -- were introduced into the NBA this season as part of the NBA's new collective bargaining agreement.
The Suns plan to create a roster spot for James on Thursday morning, league sources said. Barring a trade, the Suns could choose to waive forward Derrick Jones Jr.