LONG LIVE THE WASATCH FRONT. The Utah Jazz have re-signed Derrick Favors to a two-year/$36 million contract. The contract is a guaranteed for the first year and non-guaranteed For the second year. Many wondered if Derrick Favors would be able to find a big money deal on the market as there were many big men available and not a lot of suitors.
Free agent forward Derrick Favors has agreed to terms on a deal to remain with the Utah Jazz, league sources tell The Salt Lake Tribune— Tony Jones (@tribjazz) July 2, 2018
League sources: Second year of Favors deal is non-guaranteed— Tony Jones (@tribjazz) July 2, 2018
Two year commitment allows the Jazz to keep Derrick for 2019-20 season if desired, as well as keeping his value in summer of 2019 in a trade if they want to. They’ll still have the option of max cap space.— Andy Larsen (@andyblarsen) July 2, 2018
The deal is a great match for both the Utah Jazz and Derrick favors. The Utah Jazz are able to bring back a very important piece to their success last year and they are able to still keep cap flexibility for the off-season of 2019. For Derrick Favors, he is able to get the big pay day that he’s looking for while compromising on future security.
Big number on annual salary. Depending on what ends up happening w/ Exum, Utah may have to choose b/w retaining 1-2 of their non-guaranteed guys (Jerebko, Sefolosha, Udoh) and using the full mid-level exception. https://t.co/BnUg4FnIut— Zach Lowe (@ZachLowe_NBA) July 2, 2018
This is a no risk gamble for Utah. If Derrick Favors is able to adopt a three point shot from the corner, and if Utah is able to play Rudy Gobert and Derrick Favors more minutes together, this contract is a bargain even though the number looks high now. If those possibilities don’t pay off, the Utah Jazz can then unload Derrick favors contract as an attractive expiring contract with a very highly talented big man attached.
The Utah Jazz now go into the season with an interesting roster situation. They will have many players on expiring contracts: Ricky Rubio, Alec Burks, Thabo Sefolosha, and Derrick Favors. That’s a combined $44 million dollars in expiring deals. This could make the Utah Jazz highly aggressive in the trade market come December when Derrick Favors is eligible to be traded.
The Jazz are at $110M in salary after signing Derrick Favors to a two-year contract. With restricted free agent still Dante Exum still to be signed, Utah can create flexibility with the $4.2M Jonas Jerebko and $3.4M Ekpe Udoh contract. Both players have a July 9 cut date.— Bobby Marks (@BobbyMarks42) July 2, 2018
The Utah jazz will now turn their attention to their restricted free agent Dante Exum. The Utah Jazz most likely will have to part ways with the non-guaranteed contracts of Ekpe Udoh and Jonas Jerebko in order to make room for their 22 year old project at guard.