That leaves Utah facing a nearly $39 million luxury-tax liability.
The Jazz remain way over the luxury tax, but as of now do not plan to dump any of their mid-salaried rotation guys — Joe Ingles, Bojan Bogdanovic, Royce O’Neale — for tax relief, sources said.
But Bogdanovic, Ingles and O’Neale are far more important to the team’s success than Favors, who offered neither a stylistic alternative to Rudy Gobert nor enough production behind the star center. Utah did well to replace Favors with a combination of Gay as a small-ball option and bigger Hassan Whiteside on a minimum salary.
But by spending so much, Jazz owner Ryan Smith is giving his team a better chance of winning.