Jazz to renounce rights to Paul Millsap following trade with Warriors, per report
The Jazz absorbed $24 million in expiring contracts from the Golden State Warriors while sending out only Kevin Murphy's $788,000. In order to make the deal while staying under the salary cap, the Jazz needed to clear Millsap's $11 million cap hold.
Utah drafted Millsap in the second round of the 2007 NBA Draft. Frontcourt mate Al Jefferson just signed a three-year contract with the Charlotte Bobcats, and the Jazz have youth at both center and power forward to develop as they move forward.
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