The Sun will receive guard Natasha Cloud, wing Rebecca Allen and the No. 12 pick in the 2025 WNBA Draft in exchange for Thomas. Ty Harris will also head to Phoenix in the deal. The full trade was initially reported by Howard Megdal of The Next and later confirmed by Philippou.

Brasby break down the Phoenix Mercury trade with the Connecticut Sun to acquire Alyssa Thomas, questioning the move from the Sun's perspective — including DeWanna Bonner's future.

Thomas was designated as the team’s franchise player earlier this month, meaning the only way she could sign with another team was via trade. The move can't become official until Feb. 1.