At the time, Mike Conley hadn't been an all star yet (he's also only been an all star once in his career). I'd say it was an overpay, but every young NBA star gets the max nowadays so it's just kinda market value
But still, despite being a one time all star, Mike Conley is good and every team that has him loves him. So his contract isn't bad like say, Davis Bertans/Chandler Parsons/John Wall
7SOL Suns were the team that got me into basketball. Always gonna have a soft spot for these guys, shame they never won a championship as a team