Saturday, October 19th, 2013 at 5:05 pm  |  10 responses

Derrick Favors Signs 4-Year $49 Million Deal With Utah Jazz (UPDATE)

UPDATE: The Utah Jazz confirmed the deal today: “We have tremendous respect for and confidence in Derrick and see him as an important part of our future. He brings a toughness and defensive mindset that make him a key piece to what we are trying to build here,’ said Jazz General Manager Dennis Lindsey. ‘Derrick is also a high-character individual and he has shown a dedication to continue to improve all aspects of his game.’ The 22-year-old Favors (6-10, 248, Georgia Tech) will be entering his fourth NBA campaign in 2013-14, and has improved his averages in every major statistical category over the previous year each of the last two seasons. Favors played in 77 games (eight starts) in 2012-13, averaging career-highs of 9.4 points, 7.1 rebounds and 1.69 blocks in 23.2 minutes per game. Favors registered nine double-doubles on the season, scoring in double figures 34 times while grabbing double-digit rebounds in 16 games. In his eight starts last season, Favors averaged 10.1 points, 10.0 rebounds, 1.1 assists and 2.25 blocks in 27.3 minutes. [...] ‘We have been impressed with Derrick’s hard work, development and strong desire to be a part of the future of the Jazz franchise,’ said Steve Miller, President of Miller Sports Properties. ‘There was mutual interest in Derrick remaining part of our team moving forward and my family and I are excited to be able to announce his contract extension.’ [...] ‘I would like to thank the Miller family and Jazz organization for their trust and confidence in me and my abilities to help lead this team into the future,’ said Favors. ‘Utah has become my home and I am excited to be able to continue my career playing for the Jazz and the best fans in the NBA.’”

According to multiple reports, Utah Jazz forward Derrick Favors has agreed to a 4-year contract extension, worth $49 million. Per Yahoo! Sports: “The deal includes bonus incentives that could push the package well over $50 million, sources said. Favors, 22, is a centerpiece of the Jazz’s future and will take over a starting frontcourt position because of the off-season departures of Al Jefferson and Paul Millsap. A contract will be signed in the near future, sources say. As Favors’ role and production increase this year and beyond, his ability to earn the incentive clauses in the deal will grow. In three seasons, Favors has shown the promise to become one of the NBA’s top young power forwards. 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 said. Yet Favors’ agent, Wallace Prather, and Jazz officials worked out a deal over the past several months that offers security and protection to both sides. Utah risked having to match a higher offer on the market if it didn’t meet Favors’ asking price now. For Prather and Favors, this is an outstanding deal in the current marketplace. [...] Favors is part of a 2010 draft class eligible to sign contract extensions until Oct. 31. Without a deal by the deadline, players become restricted free agents on July 1, 2014.”

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  • spit hot fiyah

    so this is only 3 million less total compared to what he could have gotten as a restricted free agent? if they wanted to lock him up they should have tried to do it at a smaller number. if u can’t do that u might as well let him try the market if the only thing u have to lose is 3 million over 4 years.

    defensively and on the boards he is already worth a lot bit offensively he still has ways to go. i feel they should have waited and found out how he develops on that side of the court before giving him this type of contract. i will be watching though, utah might be one of my league pass teams

  • JoeMaMa

    I think the offensive development won’t happen this year so much – I see Kanter, Hayward, Burke, and Williams doing most of the scoring. His D will get better, and he’ll plug along offensively. I think ultimately this is a long term decision: lock him up now, give him 2 solid years to really start putting the ball in the basket, continue with D and rebounds, and then hopefully lock him up again in year 3 for another light discount.
    I agree – this team could be fun to watch grow. I’m a big fan of Hayward, and Burke could spice things up. Really looking to see if Kanter can pull it together and start to really impose.

  • spit hot fiyah

    i think williams is hurt an will time to begin the season.

  • Max

    Seems like too much, he hasn’t proven enough yet imo.

  • The Seed

    He is not worth the money, Come on Jazz, just should have kept Milsap.

  • i_ball

    He is only 22?

  • Debra Stephen

    my Aunty Sophia recently got an awesome six month old Fiat 500
    Abarth from only workin on a pc. find here w­w­w.P­o­w­6.c­o­m

  • Interdico Scriptor

    As well as a Porsche Boxter? sounds like BULLSH*T to me!!!

  • Interdico Scriptor

    Too much. Dude is okay, but sheeeeeeeesh…

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