Jul 10, 2009 1:34 PM EST

Grant Hill will re-sign with the Suns according to Yahoo! Sports.

His decision may have been influenced by the belief that Steve Nash is close to signing a contract extension. The proposed deal to keep Nash in Phoenix is believed to be for three years at approximately $33 million.

Hill was pursued by the Celtics and Knicks but chose to remain in Phoenix.

Channing Frye has also agreed to join the Suns.

Via Yahoo!