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Report: Mike Conley re-signing with Jazz for three years, $68M

Jazz guard Mike Conley

SALT LAKE CITY, UTAH - APRIL 24: Mike Conley #10 of the Utah Jazz in action during a game against the Minnesota Timberwolves at Vivint Smart Home Arena on April 24, 2021 in Salt Lake City, Utah. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and/or using this photograph, user is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Alex Goodlett/Getty Images)

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The Jazz have their window open around Rudy Gobert and Donovan Mitchell.

Utah, as expected, isn’t letting it close by losing Mike Conley.

Shams Charania of The Athletic:

That’s not cheap for the 33-year-old Conley. But given his leverage, the Jazz did well to get him for this price. If he left, they would have had only the mid-level exception to replace him.

If fully backloaded, this contract would put Utah about $12 million into the luxury tax – which would correspond to a $21 million tax payment.

The Jazz which already traded Derrick Favors to trim payroll. They could further reduce their tax burden by unloading Bojan Bogdanovic and/or Joe Ingles.

But this is clearly a team willing to pay to win. The only question is where the spending limit lies.