The Phoenix Suns are ready to party, but not because they're en route to a championship – they didn't even qualify for the playoffs. It's because the NBA Draft Lottery is coming up, and with it an opportunity for the franchise to move forward from a dismal 23-59 season that saw them end in second to last place in the Western Conference.

And they're literally going to party. In a press release, the team announced that they will host a party for the NBA Draft Lottery at Talking Stick Resort Arena on Tuesday, May 17, and current players such as Eric Bledsoe and Ronnie Price will be in attendance.

NBAE/Getty Images

The draft lottery itself takes place that day from 3 to 6 p.m. at Talking Stick Resort Arena.

Phoenix has an 11.9 percent chance of getting the number one pick in the 2016 NBA Draft, and a 37.8 percent chance of getting a top-three pick. In addition, previous trades all but guarantee (97.8 percent chance) the Suns to get two lottery picks because they own the rights to the Wizards‘ first-round pick if it is outside of the top-nine.