That means Utah must shed Derrick Favors and his unguaranteed $17.65 million salary.
Tony Jones of The Athletic:
Utah essentially had to waive Favors if not trading him. New Orleans has enough cap space to claim him.
But the Pelicans want to make sure they got Favors without a worse team claiming him first. So, they’re willing to surrender an asset.
It probably won’t be much, because the Jazz so clearly had to move on from Favors. But they’d rather get something than nothing.