Utah Jazz guard Mike Conley Jr. will stay in town for another season. The star has opted not to use the “early termination option” in his contract, thereby bypassing free agency this offseason, sources tell Yahoo Sports’ Chris Haynes.
Yahoo Sources: Utah Jazz guard Mike Conley Jr. will bypass free-agency next week by not exercising “early termination option” on his $34.5 million salary for the 2020-21 season.
— Chris Haynes (@ChrisBHaynes) November 12, 2020
Conley will make $34.5 million in the new season. It’s the final year of a five-year deal worth $153 million that he signed with the Memphis Grizzlies in 2016. The organization traded him to the Jazz last offseason after 12 year with them.
He had the option of leaving and entering free agency a year early. Conley will now be a free agent in 2022, a time that could be better financially for the league after the COVID-19 pandemic disrupted the 2019-20 season.
Conley, 33, averaged 14.4 points, 3.2 rebounds and 4.4 assists in 47 games for the Jazz. They lost a 3-1 series lead in the first round of the postseason to the Denver Nuggets. The Nuggets went on to the Western Conference finals where they lost to the eventual champion Los Angeles Lakers.
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