In the middle of the night, the Oklahoma City Thunder and Utah Jazz have agreed on a trade that would send Derrick Favors to OKC.
The Utah Jazz are in serious talks on a deal to send center Derrick Favors to the Oklahoma City Thunder, sources tell me and @Tjonesonthenba.— Shams Charania (@ShamsCharania) July 30, 2021
The Utah Jazz have agreed to trade C Derrick Favors and a future first-round pick to the Oklahoma City Thunder for a future second-round pick, sources tell ESPN. Jazz create some financial flexibility and Thunder grab another first-rounder.— Adrian Wojnarowski (@wojespn) July 30, 2021
The Thunder will receive a future first-round pick in exchange for taking his $19.9 million salary over the next two seasons. The Thunder gave up a 2027 second-round pick and cash considerations to the Jazz.
This is the third future first-round pick that the Thunder have gained in the last 12 hours, after acquiring two from the Rockets in a trade that sent Alperen Sengun to Houston.
This is essentially a salary dump for the Jazz as they try to re-sign Mike Conley this offseason.
This trade will soften the blow of the inevitable luxury tax they will have to pay if they bring back the All-Star guard.
Favors will make 9.7M this season with a player option of 10.2M for the 2022-23 season that he will most likely pick up.
The 30-year-old veteran averaged 5.4 points and 5.5 rebounds with the Jazz last season in his second stint with Utah.