Jazz to waive two players acquired in recent trades

After being involved in two megadeals over the past week, the Jazz will part with two of the players they received, sources tell Andy Larsen of The Salt Lake Tribune, who says the team plans to waive Josh Richardson and Jalen Hood-Schifino.

Richardson was re-routed through Detroit after the Jimmy Butler trade, along with KJ Martin, whom the Jazz plan to keep, according to Larsen. Richardson has a $3M expiring contract, so Utah won’t be out much money by letting him go. The 31-year-old swingman appeared in just eight games with Miami prior to being traded.

Utah acquired Hood-Schifino over the weekend by helping to facilitate the massive trade that sent Luka Doncic to the Lakers. L.A. had already declined the third-year option on the 2023 first-round pick, so Utah won’t have to pay him more than the balance of his $3.9M salary for the rest of the season.

Both players will become unrestricted free agents once they clear waivers and will be eligible to sign with any team.

The Jazz will face an offseason decision on Martin, whose $8M contract for 2025-26 is non-guaranteed. The 24-year-old forward has been out of action since Dec. 23 due to a foot injury.