The clock is ticking on the Phoenix Suns and their looming decision on the future of point guard Mike James. James, who is on a two-way contract, will be on his 45th day with the team on Wednesday, the maximum allowable time a player on said two-way contract can stay with an NBA team for the season.

The Suns have previously expressed their interest in signing James to a full-fledged deal which he needs to play the remainder of the season. However, they intend to use as much time as they are allowed right up until the deadline before doing so.

James, a 27-year-old rookie, got his chance to play significant minutes in the Suns' rotation following the unceremonious banishment of wantaway point guard Eric Bledsoe. James made the most of his opportunity early on, averaging 12.7 points and 3.8 assists in 24.7 minutes through his first 13 games, making 10 starts.

Mike James hasn’t been able to put up numbers that are as impressive upon moving to the bench in favor of Tyler Ulis, though. He’s averaging just 8.1 points on 35 percent shooting over his next 12 games as the backup point guard.

If the Suns do decide to sign James to a full-fledged NBA contract, they will have to cut one player to make room for him on the 15-man roster.