The Suns and Eric Bledsoe have been talking about a possible contract extension that could have locked up the point guard through 2018.

They could not find common terms by Thursday night’s deadline but the Suns still intend for Bledsoe to be part of their future.

Bledsoe will be a restricted free agent in July, giving the Suns an ability to match any offer sheet he might sign with another team. The Suns also maintain their cap space for a trade or free agency signing before matching to sign Bledsoe. They also could do a sign-and-trade in July if they are opposed to the market price.

“There is no rookie extension with Eric but that doesn’t in any way suggest that we are not excited that Eric is a Sun and we look forward to Eric being a Suns for a long time,” said Suns President of Basketball Operations Lon Babby, who has been engaged in extension talks over the past month with Mark Termini, the former agent who works as a negotiator for Bledsoe’s agent, Rich Paul.

“It’s a hard thing to do. We had numerous conversations over the past few weeks. We had a good, professional exchange of ideas.”

The task of extending Bledsoe was a challenging one, especially with Bledsoe logging one game as a Suns before the 9 p.m. deadline struck Thursday night. Bledsoe has been a backup for his first three NBA seasons with the Clippers but surely will increase his value this season as a starter and focal point for the Suns. He is only 23 and was highly sought when the Suns made a trade to acquire him from the Clippers in July.

Babby said the franchise’s research showed that only three players — Al Jefferson, Caron Butler and James Harden — agreed to an extension in the past decade before playing for a team that had just traded for them.

“Both sides are trying to make projections on what Eric’s performance and new role are going to be,” Babby said Thursday night. “Those projections are not necessarily precise and, from the Suns’ perspective, it needs to be considered from the context that Eric will be a restricted free agent in the summer, which gives us matching rights. In the end, it seemed prudent to wait until July. In the meantime, we will be rooting for Eric to have a great season.”