The two-time WNBA Finals MVP will remain with the team that drafted her after drawing interest from every other team in the league.
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The 2020 WNBA MVP is currently a restricted free agent with Las Vegas.
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Jones was named MVP in 2021 after leading the Sun to the WNBA's best record.
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She reportedly will replace Sandy Brondello, who mutually parted ways with Phoenix and is now the head coach of the New York Liberty.
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