Jazz reportedly preparing three-year offer for Mike Conley

The Jazz will be “pressing hard” to re-sign point guard Mike Conley in free agency next week and are preparing an offer that’s expected to be in the range of $75M over three years, according to veteran NBA reporter Marc Stein (Twitter link).

Multiple reports this week have stated that Utah is considered likely to re-sign Conley, who is the team’s top priority in free agency. There was an expectation that the Jazz may have to shed some salary in order to comfortably re-sign Conley, since they would’ve been in line for a massive luxury tax bill if they’d brought him back at a reasonable rate without making any other roster moves.

Utah has indeed lined up a deal to dump a contract, having reportedly agreed to trade Derrick Favors to Oklahoma City, which is another signal that the club is confident about its chances of re-signing Conley.

Conley, 33, had an up-and-down first year in Utah in 2019-20, but bounced back this past season, averaging 16.2 PPG, 6.0 APG, and 3.5 RPG with a .444/.412/.852 shooting line in 51 games (29.4 MPG). He earned his first All-Star appearance in his 14th NBA season.

If Conley returns to Utah, it’ll take one of this year’s top free agents off the board, but there will still be plenty of intriguing point guards available for teams looking for upgrades at the position, including Kyle Lowry, Spencer Dinwiddie, and RFA Lonzo Ball.