Jazz PG Mike Conley not planning to enter free agency with massive player option
The Jazz vet Mike Conley is expected to bypass free agency, which starts next week, and will reportedly remain in his current contract by not exercise his early termination option, according to Chris Haynes of Yahoo Sports.
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
The 33-year-old Conley is set to earn $34.5 million in the 2020-21 season, which will be his second year with the Jazz. The longtime member of the Memphis Grizzlies could have opted out of his contract to test free agency, but instead chose to remain in his current contract.
Conley signed the deal, which was a five-year, $152.6 million contract, back when he was still with the Grizzlies in 2016.
After spending his first 12 seasons in the NBA with the Grizzlies, which selected him with the fourth overall pick in the 2007 NBA Draft, Conley was traded to the Jazz last offseason in exchange for Grayson Allen, Jae Crowder, Kyle Korver, the draft rights to Darius Bazley, and a protected first-round pick.
In his first year in Utah, he averaged 14.4 points, 3.2 rebounds, 4.4 assists while shooting 40.9 percent from the field and 37.5 percent from beyond the arc in 47 games. Conley helped the Jazz to a 44-28 record and the sixth seed in the Western Conference, eventually losing to the third-seed Denver Nuggets in seven games in the first round of the playoffs.
By remaining in his current contract and choosing to remain with the Jazz, Conley will now become an unrestricted free agent in the summer of 2021.