The Utah Jazz will send center Derrick Favors and a future first-round pick to the Oklahoma City Thunder for a future second-round pick, multiple outlets reported Friday.
For the Jazz, it’s a bargain to cut pay to cut a possible luxury tax and give them some financial space in free agency.
For the Thunder, it’s part of their rebuilding strategy as they continue to collect draft picks. In the 2021 NBA Draft on Thursday, the Thunder took Turkish center Alperen Sengun to No. 16 and traded him to the Houston Rockets for two future first-round picks.
The trades will give the Thunder about 35 first- and second-round draft picks to pick a player or use as trading capital until the 2027 draft.
Favors, 30, making No. 3 in the 2010 draft by the New Jersey Nets. He was traded to the Jazz in his rookie season as part of the trade that sent All-Star point guard Deron Williams to the Nets. In another salary-driven move, the Jazz traded him July 19 to the New Orleans Pelicans for draft picks.
He re-signed with Utah before the 2020-21 season.
Now, the Jazz can shed the last two seasons of the three-year, $ 29.2 million deal he signed.
Last season, Favors averaged 5.4 points and 5.5 rebounds in 68 games at Utah, well below his career averages of 10.8 points and 7.2 rebounds.
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