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Report: Derrick Favors agrees to 4-year, $49 million contract extension with Jazz

Oct 18, 2013, 9:30 PM EST

Derrick Favors, Matt Boland AP

When the Jazz let both Al Jefferson and Paul Millsap walk in free agency without getting anything in return, that was a sign that they were ready to turn the franchise over to their young players.

The large contract extension just offered and agreed to by Derrick Favors is the team putting its money where its mouth is.

From Adrian Wojnarowski of Yahoo Sports:

Derrick Favors has reached agreement on a four-year, $49 million-plus contract extension with the Utah Jazz, league sources told Yahoo Sports.

The deal includes bonus incentives that could push the package well over $50 million, sources said. …

With ideal size at 6-foot-10 and 250 pounds, and merely the age of a college senior, Favors could’ve commanded a $13 million annual salary from several teams in restricted free agency next summer, executives told Yahoo Sports.

The extension provides some security for both sides.

Favors has all the tools to be a dominant power forward in the league, especially defensively. But he hasn’t yet played starter’s minutes anywhere close to a full 82-game season. Since coming to Utah as the key piece in the trade that sent Deron Williams to the Nets, Favors has started just 17 games in total over the last two seasons.

On the team side, Utah is being smart by locking up their promising young talent sooner rather than later. Big men who produce in this league get consistently overpaid, and all indications are that Favors would have received an offer greater than this next summer, and one that Utah would have had a hard time not matching in restricted free agency.

Favors averaged 9.4 points, 7.1 rebounds, and 1.7 blocked shots in 23.2 minutes per game last season. He should put up even more impressive numbers as a starter, which is the reason the Jazz felt so confident in locking him up with a long-term extension.

  1. blackhercules718 - Oct 19, 2013 at 1:26 AM

    Marc Stein, ESPN.com: Tack on an asterisk. It’s obviously that low because of the injury and because tearing an Achilles is regarded as one of those setbacks that hurts your game irreparably. Of course, now I, like pretty much everyone else, can’t wait to see how mad this makes him and what Kobe does in response.

  2. blackhercules718 - Oct 19, 2013 at 1:29 AM

    Let me get this straight…. they let boozer walk, let Milsap walk, let Big All walk….all for nothing THEN they pay 50 million for 9 points and 7 rebounds a game…. WOW I’m so glad I’m NOT a Jazz fan!!!!!

  3. pistolpete0903 - Oct 19, 2013 at 1:53 AM

    Darn…wish they could show more of these small market teams on national TV.
    A lot of good talent goes unnoticed.

  4. 00maltliquor - Oct 19, 2013 at 2:31 AM

    That’s a crazy amount for someone who hasn’t done jack-sheet.
    It may down the road prove to be a value signing if he does end up breaking out, but…man what a gamble.

    • sasquash20 - Oct 19, 2013 at 6:19 AM

      You have no clue. Kid is going to be a beast. Great deal for Utah. They will go down as the winners in the D.Williams/D.Favors trade

    • casualcommenter - Oct 19, 2013 at 9:56 AM

      Favors is only earning $2 million more per year in this deal than the Lakers gave to a 38 year old Steve Nash last year, and he’s a 22 year old big man who contributes on both ends of the floor.

  5. casualcommenter - Oct 19, 2013 at 10:00 AM

    Good move. This reminds of the Hawks locking up Al Horford to a $12 million per year deal that has looked great in hindsight as Horford has become a two-way All-Star player.

    “Playing it safe” by waiting until the player has an entire year of starting under his belt would likely have meant that the Jazz would have had to offer several million more per year to keep him. If you believe in a young player you’ve seen up close for several years as he’s developed, bet on him early by giving him a below-max deal, especially if he’s a big. If you wait too long, you end up like the Pacers, who had to give Roy Hibbert a max deal.

  6. somekat - Oct 20, 2013 at 1:36 AM

    This is the type of contract that keeps a team average for a long time….I do like that they were able to keep it to 4 years though

    I just like the “could of commanded 13 million per season on the open market”….he got 12.25 million per, it’s not like they got him for 4/40. If the incentives kick in, and he is “well over 50 million”, he’s probably get more than 13 mil per season

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