Espn reporter Woj reported that the Jazz and Thunder reached an agreement to trade center Derek Favors and a future first-round pick to the Thunder in exchange for a future second-round pick.
The Jazz moved to free up salary space elasticity, and the Thunder got a first-round pick again.
After the transaction, the Jazz salary is below the luxury tax line of 13 million, and if they renew Conley, they will need to pay the luxury tax, but it can alleviate the luxury tax pressure.
Favors averaged 5.4 points, 5.5 rebounds and 1 block per game in 15 minutes in 2020-21, and his salary is $9.72 million next season, and he is a player option in 2022-23, worth 10.18 million.