Report: Jazz in talks to give Gordon Hayward 8-figure a year extension

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Apparently Utah’s front office is sold that Derrick Favors and Gordon Hayward are key parts of the future of this franchise, that their development will leap to new levels. So, no pressure Ty Corbin (a coach already considered on the hot seat).

Utah is saying all that with their money. Friday we found out the Jazz are about to give Favors a four-year, $49 million extension. Not cheap, but big men with potential get paid in this league.

Hayward has shown more of his potential and as the starting small forward was likely the Jazz’s go-to scorer this season. He also was eligible for an extension — and he’s going to get a big one, reports Marc Stein of ESPN:

Hayward’s role has expanded each of his three years with the Jazz — he had a usage rate of 22.1 last year (meaning he used about 22 percent of the team possessions when he was on the court) and that number was expected to go up this season.

Hayward can shoot the rock — 41.5 percent from three last season and from the midrange he was good on the right side of the court, 44.7 percent, but just 29.3 from the left side — and he can create his own shot off the dribble. He’s not a great defender against other threes but he works hard on that end of the floor. The key is he has gotten better each year and should make another leap this season.

That said, is Hayward a guy you’re going to pay $13 million or so a year to? If he were a restricted free agent next summer (which is what happens if this deal isn’t finalized) he would draw a lot of interest from around the league. So maybe that figure isn’t out of line.

But now the Jazz are going to have north of $24 million a year — more than a third of the likely salary cap line — tied up in Favors and Hayward. That is a big bet on their development (although they are assets that might be moved later if need be). It means coach Ty Corbin’s seat got hotter.

Utah is going to be bad this season and who they land in the draft next season could play a big role in deciding how far this team ultimately goes. Whatever that future looks like, Hayward and Favors will be a big part of it.